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The Perspective of Luxury Property Today

by Janvi Ahuja Content Developer,SEO Consultant,
The need to understand how luxury is defined in this present-day age is not difficult and especially when we are defining it in the context of the commercial real estate sector as well as with the investment dynamics of luxury housing units.

In the real estate world, ‘luxury’ is by far one of the most used words by project developers. Even a project that is offering basic amenities is categorized as ‘luxury.’ See a marketing material, advertisements and brochures; ‘luxury’ has become a term that is rather misused frequently. A commercial property Noida project would laud about their facilities as being super luxurious and up-to-date. This is when understanding the real meaning of this word becomes imperative before you invest.

Firstly, luxury living should involve lavish living spaces and if one were to go by that alone, a 1-BHK apartment does not qualify as a ‘luxury apartment’ by any expanse of imagination, whatsoever. Secondly, this word as interpreted in the Indian context includes a section of exclusivity and hence the proposed buyer of a luxury apartment, besides its amenities and facilities, would expect to live in a home that features a neighbourhood with a certain status symbol and socio-economic standard alike. Therefore, if you are being offered one of the smaller less significant commercial properties in Noida or a one bedroom apartment, these would automatically disqualify from the ‘luxury’ group of projects.

The ability to purchase a luxury apartment for self-use or a commercial property Noida project involve multiple checks and validations prior to closing the deal. Hence, before you buy such properties for investment, the need for a comprehensive due diligence is even more crucial. After all, the eventual objective is focused on the returns on investment (ROI).

If you are considering investing in one of the super luxurious commercial properties in Noida or an apartment, you must understand the hallmarks of genuine luxury in the real estate classification of which one is the locational advantage of the property. When deciding on which property to buy, its location is a vital parameter, which means that the residential or commercial unit that you choose to purchase should either be advantageously located or setup in close proximity to roads and should have accessibility to public conveyance and this is certainly a significant qualifier for the ‘luxury’ tag. A property that stands at a city center junction beset with congestion does not qualify for a luxurious experience.

As a prospective buyer, there are several factors that one must look into before they invest. Very few do purchase a luxurious house and hide it from the rest of the world while most property owners would want the world to see and admire their property. Therefore, pollution and noise apart, the purpose is never achieved if your house stands amid a chaotic traffic gridlock zone. Finally, as residents, one must have ready access to schools, markets, hospitals and other such amenities.

About Author-

Janvi Ahuja is an eminent writer, currently she is writing for wave commercial projects. In this article, she is talking about the perspective of luxury property today. She also writes for investment in commercial property and properties in Noida

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About Janvi Ahuja Advanced   Content Developer,SEO Consultant,

128 connections, 1 recommendations, 316 honor points.
Joined APSense since, October 11th, 2013, From New Delhi, India.

Created on Dec 31st 1969 18:00. Viewed 0 times.

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