Deluxe Apartments - A Future Big Boom

The unpredictable nature from the real estate business has witnessed plenty of ups and downs within the sale of properties. Although many believe the property marketplace is within a minor slump nationwide, certain cities have been in a position to defy odds and post good results.

In India, the city Kolkata witnessed an increase in the sale of housing units during the last quarter. The city saw a 32% increase in units sold in comparison with Q2 in the year 2015, according to data collected from the realty research agency.

Other reports suggested that this real estate market saw a 17% boost in the sale of properties out of all eight metros combined. Researchers stated the real reason for the development in sales throughout the last quarter may be because of a drop in prices of projects.

Can luxury apartments function as game changer?

While real estate marketers have tried their utmost to create projects which focus on most, there are a range of projects coming which target only a few clients. Luxury apartments and complexes are increasingly being built by real estate developers which projects are extremely expensive when compared to the other projects but valid reason.



Real estate marketers are earning top designers and architects from across the world to aid design and execute these projects. Most complexes falling under the luxury category feature large sized apartments and duplex flats along with a array of great amenities.

Although expensive, luxury projects are seen as a jewel within the crown for real estate developers, a thing that might help them stand above your competitors and hopefully attract plenty of revenue from sales.

Most regular apartment complexes feature 2 BHK 3 BHK flats but luxury projects feature larger flats having 4 BHKs and even more to provide to prospective buyers. These flats, with regards to the city, cost between 2 crores to 50 to 60 crores and take more time to offer than non-luxury apartments. Even a single flat sold generates a great deal of money for your property developer.

While residents get the best facilities and cherish the grandeur of life of these luxury apartments, situation a threat for your property developer - the flats usually stay unsold for too long periods of time. In a industry which includes a lot of projects coming up, the necessity to have a project that provides the developer a distinctive identity is essential. Since the rewards for creating a luxury project outweigh the potential risks involved, it should cause a much better variety of such projects coming in the foreseeable future.

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