Tips For Buying A Newly Constructed Luxury Home
Luxury homes are a rage in India today. After the slowdown of the property markets a couple of years back, homes exclusively designed for luxurious lifestyle started popping up across the country. The whole concept became a national craze after the inauguration of Trump Towers in Mumbai by Donald Trump.
However there are a lot of times when people equate luxurious with costly accommodations.
Let us take an example from Mumbai. There are upcoming apartments in the new suburban areas of the city which are much bigger than 1 BHK flats of Dadar and Downtown Mumbai. But where costs are concerned, housing in the downtown Mumbai would certainly be more expensive than the accommodations in the suburbs.
So the question now is which one of these properties would be a luxury property?
There is no single factor that conforms to the norms of a luxury property. The following factors can be taken into account when looking for luxury properties.
Space and Volume
The prime criterion for luxury is comfort. The first factor that dictates comfort in a home is availability of space. Luxury accommodations-wherever they are-would boast of spaces.
There would be large amount of open spaces within the accommodation. There would be a certain degree of excess volume. According to some architectural norms, the floor to ceiling height in a luxury accommodation should be at least 15 feet. If one thinks of old palaces and bungalows, the first striking feature of the interior structure are the high ceilings. A home with proportionate length and breadth to a height of 15 feet would seem big. One can uses housing.com to look for luxury homes using the build-up area as a filter.
Then there is the external area. A home should not seem grand from the inside. When one steps out of it, there should be spaces big enough to complement the interiors. Inclusion of parking spaces is a must, at least.
If a builder offers-say- luxury flats in Ahmedabad, and then the buyer should also be offered access to luxury facilities within the housing community. There is no end to luxury facilities when it comes to housing accommodations. However-at best-these facilities should be ABOVE par than most of the facilities available in other housing communities. Gym, swimming pool and jogging tracks are common features. Luxury housing should incorporate much more.
If one were to make a plain guess, luxury housing should seem like the one where the builder has made efforts to NOT do a construction in an open space which is left out as it is. It is not a sure shot criteria but it does follow the foremost criterion for luxury accommodations. Alternatively, the open spaces should have been developed into something that would either be a peer of a club or would comprise of more greenery than anywhere else.
Luxury accommodations usually comprise of exclusive features. These could be elevators directly opening into your apartment or at least there would be a concierge’s desk.