Things to consider before buying a luxury apartment
As India’s economy is constantly growing, there is a growing demand for luxury apartments from people who have the means to live there as well as for investment purposes. In India, every construction worker worth their salt declares his latest project as “luxury” and thus undervalues that word.
As real estate developers continue to present their projects as luxury, you need to take a look at how luxurious a “luxury apartments” is. There are some points that you should keep in mind when you are planning to invest a large amount of money to buy a luxury apartment. Let’s take a look at them:
The location is one of the main components that make the apartment luxurious. And when we talk about location, the downtown areas with traffic jams are excluded.
As luxury apartments, it should allow easy entry and exit of vehicles for residents. In addition, the apartment should be located in a place that allows easy access to schools, colleges, markets, offices, hospitals, etc.
In addition, the neighborhood has a strong influence on the value of the luxury apartment located nearby. If the apartment you want to invest in is located in a crime-ridden neighborhood, your investment may go down as people will avoid buying real estate in that area.
The luxury apartments should also allow for a great view of the residents, such as an open waterfront (if any), a beautiful city skyline, a panoramic view of the plants, etc.
For an apartment to be considered luxurious, it must be spacious. The minimum room height must be greater than 12 feet and the apartment area must be greater than 3,500 square feet. There are many top-notch developers like Unity Group of Delhi which has many projects that offer plenty of open space to the residents of the luxury apartment complex along with the latest infrastructure for a healthy living experience.
Amenities make the difference between a luxury apartment and a standard apartment. When it comes to services, the sky’s the limit, as a creator can include any number of services.
It may include imported flooring materials, high-end kitchen and bathroom fixtures, swimming pool, high-end lighting system, AI-powered smart home system, parking lot, etc. In most luxury apartment complexes; The builder builds the basic framework and then allows the client to choose what kind of feature they want in their apartment.
4). Project Density
This term means the number of people living in this apartment complex. While there is no hard and fast rule for this parameter, it is understood in industry parlance that for every project acre, the number of apartments/homes should be limited to 60 or less. The reason for the low density of the project is that it allows the residents a better living environment.
If you put more people in a housing project, then the amenities will be shared by a large number of people, which negatively affects the atmosphere, exclusivity and comfort of the people who live there.
When looking for luxury condominiums as an investment opportunity or to live in, you should also check the builder’s credentials.
Famous builders like Unity One in Delhi have an unparalleled reputation for developing first class luxury apartment projects in many of India’s major cities. All reputable builders have a highly customer-oriented approach, which is a prerequisite for creating ultra-luxury apartments tailored to meet the unique needs of discerning clients.
6). Guaranteed Security
People who live in luxury apartments are a natural target for unscrupulous elements. Therefore, it is up to the developers to introduce a one hundred percent security device that prevents any kind of criminal intrusion into the property.
The builder must provide advanced security equipment, as well as guards to provide electronic monitoring and surveillance so that the residents of this luxury apartment feel completely safe in their homes.
These points make it clear that the word “luxury” can only be applied to any housing complex when it provides a highly secure, comfortable and upscale living experience for all residents of the community.