The real estate sector has been witnessing significant growth. There was a remarkable surge in real estate sales in the previous year. There is a drastic shift in people’s preferences as far as residential properties are concerned. More and more people are choosing luxury flats in Mohali to meet their high-end preferences.
Mohali and Zirakpur have been witnessing an impressive growth in the residential construction. Top builders have developed state-of-the-art properties that are worth investing in. Whether you wish to buy these luxury flats for staying or for investment purposes, these residential properties are worth exploring. As per records, there was a substantial increase in the purchase of 3 BHK flat for sale in Zirakpur.
Current Trends in Luxury Housing
- Change in taste and preferences
The buyer preferences, along with the evolution of technology, have played a crucial role in the real estate market’s transition to the luxury segment. The trend can be noticed in tier I and tier II Indian cities as well. The luxury residential sector witnessed a 1515% increase in sales in the first quarter of 2023. Exposure to international trends in real estate and architectural designs has substantially contributed to the growth of the luxury real estate sector.
- Evolution of architectural design
Architectural designs from the West have influenced the real estate segment and reshaped buyers’ preferences. More and more buyers are looking towards ultra-luxury and premium residences that consist of natural elements, state-of-the-art amenities, advanced technology, and sustainability. Home buyers prioritize sustainability and look for features like green- roofs, smart home automation, energy-efficient systems, and more. These preferences and demands from the buyers reflect the mindset of modern buyers who value innovation and sustainability.
- Sophistication
A notable difference that can be witnessed in the homebuyers and the ones looking for luxury properties put emphasis on sophistication and amenities. While some home buyers want amenities such as a swimming pool, gym, library, play zone, club, sports centre, etc., luxury home buyers look for amphitheatre, parking, private decks, spas, and wellness facilities in their property.
In fact, after the pandemic, there has been a ride in the demand for properties with huge open spaces, terraces, and green landscapes that offer a quality and healthy lifestyle away from the hustle and bustle of the city. Combined with the desire for premium amenities, the trend is pushing the boundaries of luxury and ultra-luxury homes.
- IoT-enabled home automation
There has been a rise in the popularity of smart home technology and luxury homes are not staying back in keeping pace with the trend. Innovative technology improves convenience and security for home buyers. Who doesn’t want the ability to monitor as well as control their home even from a distance?
Luxury real estate companies have gauged buyer preferences and are working towards integrating innovative technological features in their properties. Automated lighting, voice-activated controls and temperature control are some of the popular features. Intelligent home technology is a significant selling point for buyers who aspire to see the latest technology-enabled home.
- Planning
When looking for luxurious flats, buyers pay attention to the space planning. Spacious rooms play a key role in opulence, comfort, and optimizing grandeur. The expansive rooms can easily accommodate the needs of a big family or a gathering. The huge bedrooms are no less than spa retreats. Luxury abodes are carefully designed with airy and open layouts that ensure desired ventilation and lighting. There’s a sense of freedom and tranquillity.
The walk-in wardrobes add to the lavishness of the homes and add a touch of extravagance. It enables you to organize and showcase your elaborate wardrobe. Then, there are huge balconies that elevate the charm of the home. They offer the residents a private outdoor space to unwind and soak in the bliss of stunning views.
In the luxury real estate sector, larger living spaces are not just a reflection of luxury but also a symbol of the magnificent lifestyle the homeowners wish to achieve. These homes are the epitome of opulence and grandeur. It allows the residents to indulge in their personal spaces and embrace a sense of refinement that reflects luxury.
- Health amenities
Health and wellness are a key consideration that can’t be compromised with! Leading developers are incorporating different wellness features and amenities for fitness in their properties. Some of these features consist of dedicated space for meditation and yoga and wellness gardens that promote a healthy lifestyle and offer a sense of peace and rejuvenation. It enhances the luxurious experience.
One doesn’t need to step out of their property looking for these amenities. Some developers are pushing the envelope and taking wellness features a step ahead with technology such as circadian lighting, air purification, and more. It promotes better sleep and overall health. By incorporating these features, luxury developers are trying to meet the growing demand for holistic living experiences in the high net-worth clientele.
- Location
The location of a luxury property matters the most. There are prestigious communities that are popular among the affluent sections of society looking for exceptional amenities. Unlike typical residential locations, the plush communities offer only exclusive access to the most sought-after amenities such as golf courses, waterfronts, spas, and more. They are specifically designed to offer the residents privacy and exclusivity. It ensures that the quality of life they enjoy is incredible.
Properties in such communities always command a higher price than the ones in regular locations. Developers have identified this trend and are creating opulent properties in elite locations to meet the demand of premium home buyers. These properties offer exceptional experiences to the residents and enhance their quality of life. They make for a great choice for living as well as for investment.
In Conclusion
For people who have a penchant for premium and sophisticated properties, the luxury flats in Mohali are a great choice. There has been a significant development in the residential segment in the area that boasts plush amenities and excellent infrastructure. You can also look for amazing property options in other top locations, such as 3 bhk flat for sale in Zirakpur.
