Quality of space available and price appreciation will propel the demand for luxury homes in major cities in the near future. Due to lots of developments, High Net worth Individuals (HNIs) and Non-Resident Indians (NRIs) are making a beeline for luxurious residential and commercial projects in Nashik.
Lots of Tier-II and Tier-III cities in India is today carrying the mantle of a luxury destination with a number of high-end residential properties dotting its landscape. Fuelling this growth further is a steady influx of HNI and expatriate individuals either working or visiting India. Naturally, such individuals or families prefer luxury living and hence propel the demand for luxurious homes in all tiers.
All said and done, realtors and developers don’t just build homes. In fact, it would be apt to say that they create an entire lifestyle for their clients. Secondly, when it comes to quality luxury spaces, the brand carries a lot of weightage. A renowned luxury brand is synonymous with heritage, premium quality, reliability and seamless delivery. Additionally, a good brand ensures not only a smooth buying experience but also an excellent after sales experience for the client. In the absence of such a brand name, the chances of a client considering it are very low, which leaves no scope for other variables like size, location and quality of the property itself.
With many property developers in Nashik, clients have access to builders and developers with a strong and reliable brand. Their ability to deliver quality luxury projects is backed up by a great track record and experience that runs into many years.
Nashik, up until now, has mostly HNIs, NRIs and “Page 3″ buyers forming the real clientele for luxury homes. However, as things stand, over the last few years top and senior management personnel of various large companies are putting their money into the many lifestyle products offered by the city’s realtors.
The demand for luxury housing is pretty robust in Nashik because of factors like quality of available space, location, property size and price appreciation. With multinational companies having a large presence, enquiries for luxurious projects are on a steady rise.
There is also the case of upwardly mobile youth. These are people who have the means, the knowledge and the willingness to pay for the best. Nashik luxurious apartments allow for the creation of a community consisting of residents with a similar profile and the maintenance of same sized condominiums with similar specifications throughout a particular project. Furthermore, the “by invitation” approach only adds to the exclusivity of the client-base. Moreover, the response to this “by invitation only” method has been very positive.
A typical luxury housing project in Nashik would consist of features larger than average homes. For example, the size in such homes usually ranges from 2200 to 5000 sq. ft. with large balconies or terraces thrown in. They normally have one or a maximum of two units on each floor, feature open kitchens with plenty of storage space and convenient appliances.
Residential projects in Nashik city have also started offering home automation equipment. Some of the standard amenities provided in all luxury projects are Italian marble flooring, landscaping on terraces, teak wood doors, a Jacuzzi, a private swimming pool and steam room, air conditioning and generator backup for all rooms. So for all of those salivating at this line-up, heading to Nashik would make a lot of sense since this is where all the action is!