Pick from a wide range of luxury properties in Bangalore, Pune, Mumbai and Chennai.

1. Pick from a wide range of luxury properties in Bangalore, Pune, Mumbai and Chennai.

2. Who doesn’t want to live in the lap of luxury? With luxury flats for sale in Chennai, Bangalore, Pune and Mumbai, one can afford to realise this dream. Luxury isn’t a contained phenomenon anymore. The opulence at residential projects in Anna Nagar, Chennai is not just about having the large bedrooms and Italian marbles. A chic lifestyle, a bigger balcony and keeping the guests entertained in the comfort of your home defines luxury. The recent discussion about providing parking space, and certificate to own a car makes it a luxury for those who decide to pick a premium apartment in Chennai. There is no limit on grandeur for people with deep pockets, who hunt for the best in everything. The real estate sector in Chennai, being less prone to speculation makes it a buyer-friendly market. While North Chennai is driven by industries, Chennai Central is the most developed part, with established commercial and residential properties. South and West Chennai which was earlier known for residential areas are fast turning into commercial zones, making it a home for a large number of IT and financial services companies. Networks like Perungudi, Sholinganallur, Siruseri, along with GST Road, have created ample employment opportunities in South Chennai. The focus of the state government in providing excellent road connectivity along these nodes has helped in the development of the region. The Outer Ring Road has emerged as the best upcoming investment market with large townships.

3. On the other hand, Bangalore, the IT hub and the ultra luxury home market of the country, is being a game changer. People who can afford the lap of luxury are seeking out privacy, sophisticated technology and high-end services such as helipads. This is the reason why Bangalore is currently the top performing luxury real estate market in India followed by Chennai. A marvelous social infrastructure in Bangalore has resulted in a better quality of life. The ‘Garden City’ has witnessed well-executed township projects with the utmost superior amenities and facilities. It is predicted that over the next few years, the demand for commercial office space will increase the demand for residential space. The property rates have significantly dropped across the country after the demonetization move. This provides a great opportunity for a person who is planning to own his dream house for a long time. This is also the right time for the one who wants to elevate the quality of the residence and move to a better residential surrounding. The competition in real estate sector provides the buyer with the best price, quality and a lot of options to pick from. The property registrations have dropped to 200 from 1800 per day in Bangalore post the implementation of demonetization programme. Demonetization has made it welcoming for the NRIs to invest in real estate. NRIs investing on Indian luxury condominium apartments in the metro cities have been a trend always. Now, the significant drop in the prices provides an added advantage.

4. It’s been a dream for many urban inhabitants to own a house as the unaffordable real estate prices compel them to stay in rented properties. However, several events and trends taking shape now could soon turn that dream into a reality. As a result of the recent demonetization move, the EMIs and the interest rates on housing loans is expected to reduce making it affordable for many of them. Also, many states are likely to implement the buyer-friendly provisions of the Real Estate Regulatory Act, making the transactions more transparent. This is also expected to minimize the delays in construction and handover, as well as other unscrupulous practices employed by developers. Having luxury flats for sale in Chennai, Bangalore and other metro cities is a great opportunity for people who are shelling out large amounts of rent, but are afraid of taking on the burden of high EMIs. As the recent spate of price declines driven by the market realities, luxury flats have been more accessible to the common man. Schemes and incentives by the developers have made it an additional advantage to the buyer. With a vision to provide a housing facility to everyone, the government has introduced various special incentives in terms of tax benefit to both the developer and home buyer. There are also several schemes aimed at promoting public-private partnerships for the development of housing projects, in order to realize the government’s vision of ‘Housing for All’ by 2022. The year 2017 is going to be more rewarding for the property buyers. An increase in inventory not only brings the prices down, but it also leaves the buyer with more power to negotiate. Having so many aspects favoring the buyer, the year 2017 is going to be a great year for millions of aspiring premium property owners.

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