Some Reasons for the Growing Demand for Flats within Luxury Residential Propertiesby Jessica Kappor Project Manager
When you purchase an apartment, it is essential that you perceive it as an investment. With the growing price of real estate in India purchasing an apartment in a thriving urban center requires planning and extensive monetary investment. Now as an individual if you are thinking of purchasing a residential apartment, then it is essential that you evaluate the location of the residential complex, amenities provided by the residential properties and other such details to ensure that your investment is a worthwhile one.
1. High rate of appreciation of the value of the apartment
While purchasing an apartment you must ensure that the valuation flat has a high appreciation rate. This will depend on the location of the property and the facilities available within the property. Hence, in order to ensure that your investment is a worthwhile one, you should consider purchasing an apartment that is located within a high-end residential apartment complex. Other than property valuation there are many other reasons for the growing demand for apartments that are located within luxury residential properties and some of these factors have been discussed below.
2. Ease of travel
Luxury residential properties are usually developed by renowned real estate development firms. Such realtors will always prioritise the location of the property. The company will ensure that the property itself is located in close proximity to arterial roads, important by lanes and industrial and educational hubs. The proximity to industrial hubs is especially important because this will ensure that you do not have to travel long distances to reach your workplace. Moreover, ease of travel and prime location will also have a positive impact on appreciation rate of the valuation of the apartment that you purchase. For example, if you were to purchase a 1 BHK flat in Trichy it is important that you buy one that is in close proximity to prominent management and tech institutes of Tamil Nadu. Also, you should take into consideration the fact that the neighborhood should be safe and secure. Proximity to educational institutes will indirectly ensure that the neighborhood is a safe one.
3. Basic facilities
Luxury residential properties ensure the complete comfort of the residents of the apartment complex. You can enjoy facilities like stand by generators for the common areas of the residential complex, elevator service and continuous supply of potable water. Moreover ensuring that the supply of water is from the Corporation, will assure you that the water itself is portable. These may appear to be basic facilities, however, these facilities are essential to lead a comfortable life.
Most of these luxury residential properties have extensive sports facilities. A property that has a fully equipped gymnasium, cricket pitch, walking track, basketball court, badminton court and children’s play area will definitely be preferred than ones which do not have these facilities. As individuals nowadays are becoming more and more health conscious the demand for the luxury apartment that is within complexes replete with sports facilities are preferred.
5.Excellent security system
Luxury residential properties can be categorized as a gated community. Since access to the residential complex will be restricted the security of the complex will naturally improve. Along with that, the property will have a twenty-four hours security system, to ensure the safety of the residents. Thus, if you purchase an apartment within a luxury residential property you can be assured of an excellent security system.
Hence, it can be concluded that the growing demand for apartments within luxury residential properties is primarily because of the location of such properties, security and numerous facilities that residents living within the complex can easily access.
Created on Sep 12th 2017 08:04. Viewed 556 times.
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