As the economy of India is constantly growing, there is an increasing demand from the wealthy for luxury apartments to live there as well as for investment purposes. In India, every self-respecting builder advertises his latest project as "luxurious", thus devaluing this word.
As real estate developers will continue to present their projects as luxurious, you need to look at how luxurious the "luxury apartment" is. There are some points that you need to 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:
1). Location:
Location is one of the main components that qualify an apartment as luxurious. And when we talk about the location, the downtown areas that are plagued by traffic jams are excluded.
As a luxury apartment it should allow easy vehicle entry and exit for residents. In addition, the apartment must be located in a place that allows easy access to schools, colleges, markets, offices, hospitals, etc.
In addition, the neighbourhood has a strong impact on the value of the luxury apartment that is located nearby. If the apartment you want to invest in is located in a crime-infested neighbourhood, your investment may plummet as people will avoid buying property in that area.
The luxurious apartment must also allow a spectacular view for the residents, such as an open waterfront (if any), a beautiful city skyline, a panoramic view of the flora, etc.
2). Amplitude:
For an apartment to be considered luxurious, it must be spacious. The minimum height of the room must be greater than 12 feet and the apartment must be more than 3,500 square feet. There are many top-notch developers like Altis Ville which has multiple projects offering lots of open space to residents in their luxury apartment complex along with state of the art infrastructure for healthy living experience.
3). Mod cons:
The amenities make the difference between a luxury apartment and a regular apartment. When it comes to services, the sky is the limit, as the constructor can include any number of services.
They may include imported flooring materials, high-end kitchen and bathroom fixtures, swimming pool, sophisticated lighting system, AI-operated 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 type of feature they want in their apartment.
4). Project density:
This term means how many people live in that apartment complex and original site search for flats for sales in Mangadu. While there is no hard and fast rule for this parameter, in industry parlance it is understood that for each project acre, the number of apartments/houses should be limited to 60 or less. The reason for the lower density of the project is that it allows residents a better living environment.
If you put more people in a residential project, then the amenities would be shared by a large number of people, negatively impacting the ambiance, exclusivity, and comfort of the people who live there.
5). The builder:
When searching for luxury apartment complexes as an investment opportunity or to live in, you should also check the builder's credentials.
Renowned builders Altis Ville have an unrivaled reputation for developing top-tier luxury apartment projects in a number of major cities in India. All reputable builders have a highly customer-oriented approach, which is a prerequisite for creating ultra-luxury apartments tailored to the unique needs of the most discerning clients.
6). Security:
People who search for luxury flats for sale in Chennai are a natural target for unscrupulous elements. Therefore, it is up to the developers to offer a one hundred percent security device that prevents any type of criminal intrusion into the property.
The builder must offer sophisticated security equipment, as well as guards providing electronic monitoring and surveillance so that the residents of such a luxurious apartment feel completely safe in their home.
These points show that the word "luxury" can be applied to any residential complex only when it offers a highly secure, comfortable and upscale living experience for all residents of the society.
About Us
Altis revolutionises the way homes, offices and social spaces are built. A comprehensive understanding of the real estate sector has helped us construct 1.5 million sq. ft. of residential space. We are renowned for building a successful range of premium and luxury homes and our steadfast commitment to on-time delivery and solid build quality is well documented. This has helped our brand garner trust and build a loyal customer base.
Website - https://altisville.com/