K Raheja Corp launches Viva luxury homes in Pune
News Point: K Raheja Corp, has launched a luxury home…
News Point: K Raheja Corp, has launched a luxury home…
Pune continues to draw massive lot of interest from luxury home seekers, both from within the city and from Mumbai and beyond. The reasons are not to arrive at find:
Track2Realty: Less than ten years ago, the concept of luxury homes was firmly tied to a city’s most expensive inner locations. ‘Pin code value’ was the watchword, and developers focused on the luxury segment operated within those boundaries.
Track2Realty: During 2013, the investment potential for residential properties in the financial capital of Mumbai remained largely flat and unexciting. Most serious property investors in Mumbai who chose residential property are now content to exit with moderate profits.
Track2Realty: Many developers are trying their best to create new zones and addresses across India that can appeal to HNI property buyers. This endeavour has met with varying degrees of success on the ground when it comes to swaying the ultra-rich clientele.
Bangalore’s luxury residential market seen a major transformation in the recent past, with the Kingfisher Tower setting a new capital values benchmark (northwards of Rs. 30,000/sq.ft) in the super luxury category. The new dynamics being seen now have been referred to as the ‘coming of age’ of Bangalore’s residential market, and I agree with this definition. We are certainly witnessing a remarkable maturing process here.
Prithvi Raj Singh Oberoi and Mukesh Ambani are set to join hands for development of hotel properties, and even luxury apartments, both within and outside the country.
I was recently asked about the role IT has played and will continue to play in the demand for high-end housing in Bangalore.
SARE Homes (South Asian Real Estate) has launched ‘Petioles’, privacy apartments with Gurgaon’s first luxury private Sky Deck in Gurgaon, Sector 92. Developed on a sprawling 48-acre integrated township, Petioles claims to be Gurgaon’s first luxury private ‘Sky Deck’ consisting of a viewing deck, yoga and meditation zone, viewing deck, water wall and putting green.
Jaycee Homes from the Bhagtani Group is near completion of its luxurious residential project – Bhagtani Krishaang at Powai.