Bangalore outrank others in super luxury home segment
With real estate developers raising the bar for luxury units bit by bit, Bangalore is soon to re-define itself as the hub of super premium homes. On buying a super luxury apartment or villa in Bangalore, a buyer is thrown open to a number of exclusive amenities which does the trick for an investor or an end-user. Such amenities may include- completely air conditioned accommodation, private temperature-controlled swimming pool, elevator, backdrop, service staff, private garden, private gym, choice of green-view and helipad et al.
The luxury residential market in Bangalore has borne witness to a significant transformation in recent times. Over the years, Bangalore’s residential market has evolved with newer dynamics for the luxury segment. The luxury residential market of the city has experienced an astounding maturing process in the last few years that is all set to give the real estate industry of the city a new edge.
What constitutes super luxury in Bangalore ?
When it comes to pandering to the super luxury segment, Bangalore fills the plate with a number of benefits. Good climate, big mountains, green periphery, natural lakes, forest area, trouble-free access to technology, a good deal of untapped land along with follow-up service all adds to the number of reasons why Bangalore ranks ahead in the super luxury segment. All such factors, together with rise in demand have compelled the developers to offer luxurious personalized facilities and innovative construction in every new launch.
The average cost of luxury offerings range from Rs 6- Rs 16 Crore. Price on luxury apartments is likely to vary and may depend on the degree of personalized services and size of the amenities.
Central Business Districts
Traditionally speaking, Bangalore’s CBD (like Whitefield, Koramangala, Indiranagar etc.) have stood out to be the perfect location of choice for the luxury housing projects. For high-end projects, Whitefield and North Bangalore has topped the list as the potential alternatives. Below-mentioned are some of the luxury projects, adorning Bangalore’s CBD at present:
- VanGogh’s Garden by Total Environment
- Skyline’s Villa Maria
- Nitesh Estates’ Logos
- Prestige’s Edwardian
- Century’s Renata
- Brigade’s Rhapsody and Crescent
Around 130 units in these luxury housing projects that are under-construction at present, are tagged at Rs 5 crore and above. These premium residential units account for around 100 million dollar market in Bangalore’s luxury homes catchment. For a developer of a luxury housing unit in Bangalore, the sole purpose is to offer to the buyer a lifestyle where the property is strategically located and is inclusive of all the modern amenities. This helps Bangalore outrank the luxury market of other cities easily.
