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Reasons why people buy luxury homes

by admin on September 22, 2021
Reasons why people buy luxury homes

Buying a luxury home is a matter of prestige, and why not? After all, most luxury home owners have bought their pride and joy with hard-earned money. They want to live in homes that announce their arrival, and offer a higher lifestyle rather than just a postal address.

5 Reasons why people buy luxury homes

  1. Comfort :  Today’s luxury homes provide all modern comforts. They come with features like themed landscaped gardens, gyms, meditation centres, manicured lawns, electronic security, touch-button responsive fixtures, entertainment and shopping centres while contributing towards making the living experience more comfortable.
  2. Security :  One important feature of luxury homes is that they have top-of-the-line security, both in terms of trained security personnel and security installation. Further, accidents and medical emergencies can be quickly taken care of with immediate response triggered by technology, and the availability of hospitals and emergency rooms in proximity.
  3. Technological Enablement: Technology and IT innovation have gone a long way towards making the living experience in high-end homes extraordinary. From solar generators to remote controlled window shutters, everything is directed at meeting the demands of homebuyers looking for an ultra-modern lifestyle.
  4. Better Neighbours: Luxury housing projects are also seen as the perfect environment for one’s children to grow up in and the adults to socialise in. After all, such home buyers are form a society with a certain degree of culture, education and beliefs.
  5. Investment value:  The increasing demand for properties in India rivals that of gold. Real estate and gold are the most traditional forms of wealth investment. However, properties present the advantage of being an asset that rises in value at every instance — and it is also a ‘performing asset’, meaning that it serves a practical purpose even as it gains in value. Given the fact that luxury homes are always in demand even in the secondary market, high net worth individuals (HNIs) see them as the perfect investment opportunity that guarantees multiplied returns in the future.

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