Deluxe Apartments - An Upcoming Big BoomThe unpredictable nature of the real-estate business has seen lots of lows and highs within the sale of properties. While many believe real estate marketplace is inside a slight slump around the world, certain cities have been in a position to defy odds and post good success.
In India, the city Kolkata witnessed an increase in the sale of housing units over the last quarter. Town saw a 32% boost in units sold in comparison with Q2 that year 2015, based on data collected from the realty research agency.
Other reports suggested that the market saw a 17% surge in the sale of properties in all of the eight metros combined. Researchers stated the reason behind the development in sales over the past quarter has been due to a drop in prices of projects.
Can luxury apartments function as game changer?
While property marketers have tried their very best to develop projects which cater to most, there are a selection of projects approaching which target just a handful of clients. Luxury apartments and complexes are built by property developers and these projects are extremely expensive compared to the other projects but with good reason.
Real estate property marketers are getting top designers and designers from across the globe to help design and execute these projects. Most complexes falling underneath the luxury category feature large sized apartments and duplex flats along with a selection of great amenities.
Although expensive, luxury projects are seen as being a jewel in the crown are the real deal estate developers, something which might help them stay ahead of your competitors and hopefully attract plenty of revenue from sales.
Most regular apartment complexes feature 2 BHK and three BHK flats but luxury projects feature larger flats having 4 BHKs and much more to offer to prospective buyers. These flats, based on the city, cost which range from 2 crores to 50 to 60 crores and be more difficult to trade than non-luxury apartments. A single flat sold brings in a large amount of money for your property developer.
While residents acquire the best facilities and cherish the grandeur of just living of these luxury apartments, it still is a hazard for the real-estate developer - the flats usually stays unsold for long intervals. In a industry which has countless projects coming up, the call to have a very project that offers the developer an exceptional identity is extremely important. Because the rewards for developing a luxury project outweigh the hazards involved, it must lead to a much greater quantity of such projects approaching later on.
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