Affordable properties losing shine while luxury apartments pick up

Home seekers and investors are looking for large homes with more facilities despite the differences in rates when compared to affordable properties. Even villas are more in demand than apartments when it comes to larger spaces. In the past few years, various luxury projects have been launched in India. Most of the developers are launching luxurious premium properties as the property appreciation is very high comparatively for premium projects even after years. Premium projects are preferred by the buyers due to comforts of living. It has become a status symbol for many that even the middle class do not hesitate from owning a luxury home.

Due to the growth of various IT and multi-national companies in the country, the demand for luxury property has increased. Most of the professionals and businessmen are interested in these luxury properties as income is not a problem for them and they do not want to compromise on their comfort level and the luxury living offered. Due to an increase in income, the living standards of the people have also raised. As money is not a factor people have started looking for a high lifestyle. A lavish house with large space, greenery around and best in class amenities are all a part of their status. The need for luxury and high standards of living has become popular among businessmen and professionals. These luxury properties make a lifestyle statement.

Banks have been given more liquidity to offer home loans at a very low-interest rate according to the new RBI norms. The bank loan processing is also made simple and quick which attracts the potential buyers in investing in these luxury projects. Hence, getting a bank loan to invest in these luxury projects is not a difficult task nowadays. The growth of luxury projects in the country has also brought in investments from abroad. A lot of NRIs has started investing in these luxury projects. As bank loans are also made easier, NRIs do not hesitate in investing in these projects. Also, they see this as a part of their status and lifestyle. Hence, luxury properties have rapidly grown in the recent years.

If you are looking out for a luxury premium apartment in Bangalore, La Palazzo is a perfect choice. These premium luxury apartments in Bangalore are located in the most preferred location in the city at Sarjapur road. La Palazzo is designed to offer maximum open spaces with the luxury of some of the best in class amenities. A world class clubhouse with a business center and banqueting facilities, an exclusive lap pool, various sports facilities, a health club, and an amazing Sky Lounge with an infinity pool and an exclusive Jacuzzi are some of the few exclusive amenities out of the many offered.