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With a growing working population and influx of professionals from other countries, today the demand for serviced apartments/ home has been witnessing a huge momentum across many tier-1 cities. This has attracted many developers and facility management services firm to foray into this segment of the realty market.
In recent times, people in Bangalore are steadily shifting their focus towards the outskirts of the city as the property prices in the city centre are increasing at a faster rate. Also, due to other factors like well-developed physical infrastructure development including metro corridors, airports, flyovers and expressways and so on, these areas are seeing rapid real estate growth.
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Among all the areas, Tumkur has emerged as a real estate hotspot among many home buyers. It has also been recognized as a major NIMZ (National Investment and Manufacturing Zone) and an industrial smart city.
With growing population of Nuclear or small families in India, the trend of Compact home is gaining momentum in the realty market of the country. Especially, in the metros where more than half of the population is working, these homes play a very important role as they are closer to business districts and above all are much affordable in price.
Img : dezeen
A compact home consists of hall, bedroom, study and a kitchen with washrooms and balcony. These homes vary in size from 500 sq. ft. to 800 sq. ft. which is well-suited for a small family.
When searching for an apartment, you have to take into account several factors like location, priority to parking, public transport, etc. All such factors are hugely important to find a perfect place. However, another secondary factor which will affect your day to day lifestyle is the floor that you live on. While plenty of options are available in a high-rise apartment, a low-rise building has its own charm and advantage.
A low-rise building has about 5 floors, maybe six sometimes. The first basic advantage of a low-rise building is low density, meaning fewer units per floor, giving you quiet surroundings to enjoy life privately. So you can live in a low-rise apartment complex, with elevator and 24/7 security system, with CCTV’s in all common areas. Low- rise also means low risk during fire or earthquakes; you can just run down the stairs. The building will be safer during natural calamity. [Read more…]
A larger part of the luxury housing segment in India is targeted at the High Net worth Individuals (HNI) and the upper middle class. The extremely high prices of these plush properties located in sophisticated areas makes it almost impossible for the middle income group to reach out there and buy the home they always dream of. In order to Buy Property in Mumbai, Noida or Bangalore, they have to spend a fortune. However, a new concept has been witnessed in the Indian real estate market known as ‘Affordable Luxury’. Developers have come up with this idea to help the middle class buyers achieve their aspirations of living in a luxury home.
Why Affordable Luxury Homes?
India is a vast country with innumerable diversities in terms of class and financial standing. Developers cannot focus only on the ultra-rich segment and therefore they are slowly moving towards the upper middle class who sure have aspirations to live in plush houses but might not be financially ready for it. These buyers are fairly high-salaried but do not rub shoulders with the ultra-rich class. [Read more…]