As rightly mentioned by many real estate experts, location is the single most important criteria for selection of luxury based property buying. While India is full of activity when it comes to creation of Luxury living, there is a lot more potential that can further be tapped towards catering to the needs of the luxury class.
Whether it is the city of Mumbai or national capital region of Delhi, there are a number of developers who are doing their bit in order to catch the eyeballs of the high net individual community, however, only those projects take off smoothly where location is the single most attractive point of the project.
As expressed by many real estate experts, when it comes to selection of luxury real estate, it goes beyond the high class marble, state-of-the-art surveillance systems, or availability of the club house – most of the high end customers want interesting location as one of the first criteria for selection of their luxury property. It is this area which needs to be addressed by developers quite carefully.
The essence of luxury real estate lies in the way value additions are being provided and this is where more needs to be done in order for high-end buyers to make their decisions towards luxury property.
Ideally, a luxury property comes with a fabulous location that will have premium value attached to it and hence create unique value proposition for the buyers.