If we delve deep into the real estate sector, many trends have emerged in recent times in the form of redefined luxury. The definition of luxury consists of a different frame of references. From the real estate stance, the term luxury connotes uniqueness and customized experiences. Earlier, luxury was the authorization of the topmost level. In recent times, luxury is more about realizing the futuristic aspirations with tactical experiences. That is why the luxurious living segment has evolved to thrive hard in terms of setting atypical benchmarks for the millennial HNIs.
When it comes to leasing, what do we find when we look back at the traditional perception about the location of luxury homes? Most importantly, it has a prominent address. With the modern concepts of luxury living, the legacy holds no sustainability. Eventually, the observation by real estate experts on properties developed around the National Capital Region of India refers to certain significant factors in support of the above statement. The corporate hubs in Gurugram such as Sohna Road and Cyber City are considered to be the expanded borders of luxury locales.
Another emerging reason for the demand of luxury renting is corporate globalization. The inclination towards the high-end commercial real estate is a major force driving this game-changer phenomenon. A mammoth population comprising the HNIs and NRIs shift to NCR for professional reasons. Their stay usually spans for a definite period of time frame depending on their jobs or business requirements. The high lifestyle of such profiles comes with the demand for generously-sized condominiums. As a result, the greater affinity for a wide array of amenities and advantages are assuming large priority for affluent renters.
A sustainable and healthy environment around one’s living space nourishes the trend of a conscious living. Consequentially, buyers are mainly focusing on homes in a vibrant community enriched with environmental offerings and outdoor activities, as well as an easy commute to the office.
As observed by the real estate experts, a large number of luxury property renters in NCR is highly educated, globally exposed and sophisticated. So the economic imperatives are not the key drivers for renting a luxury property. The emerging trend is a preference for luxury homes in the heart of NCR, that have access to all the amenities capable to enrich one’s regular life and lifestyle options.
Luxurious apartments like CP2 (Central Park Resorts) have myriad tangible advantages, while the maximum of the luxury properties being in proximity to all kind of amenities starting from the basic to an apex. The structural framework of the art of luxurious properties consists of exquisite interiors. These amenities satisfy all the needs of daily to entertaining life coupled with the added convenience of everything being located within the periphery of the complex. On top of all, NCR today provides a few opportunities for high class Serviced Apartments for renting. These exclusive spaces come furnished with not only the luxurious furniture of a 5-star standard but also the access to luxurious white glove services that ensure the stay to provide a unique lifestyle experience every day. For any corporate staff renting option, or for business long stay accommodation purpose, many of the organizations are readily embracing these apartments. Tie-ups with hospitality companies are also experiencing a boom because of the customized experiences readily available to be offered out to the premium guests.
Thus, privacy, elegance, and extravaganza – these are precisely the key parameters for defining luxury to the new-age buyers in NCR. Luxurious renting no more defines the impulsive display of resources; in recent days it is all about the ostentatious expression of a tasteful understatement. Quality-over-quantity luxurious home renting in NCR will continue to be one of the key doctrines behind maximum property renting acquisitions.