Existential crisis for Luxury Developers
The Luxury Real Estate market throughout the last few years has observed growth in demand due to the increase in the number of high profits worth individuals in our country. As per a study published in 2019, India possesses of 2,697 ultra-net-worth individuals (each individual with $30 million’s worth).
The growth percentage was 118% between 2013 and 2018. It was expected to grow by another 37% between 2019 and 2024. According to the most excellent Wealth Report from Knight Frank, India had the most increase in the number of ultra-net-worth individuals in 2018. Bangalore is assumed to be the chief city in terms of UHNI growth. Such figures are clear indicators of the potential, luxury housing holds in our nation.
This year trends show a high chance of a plummeting scenario for this market in terms of prices. New launches are currently on hold. This will make the luxury home developers focus their utmost attention on driving sales for RTMI homes. The luxury segment is also likely to see a transition in terms of location and amenities offered for the upcoming years.
This year trends show a high probability of a plummeting scenario for this market in terms of prices. New launches are put on hold. This will make the luxury home developers focus their utmost attention on driving sales for RTMI homes. The luxury segment is also likely to see a transition in terms of location and amenities offered for the upcoming years.
The plan for Post-pandemic years will be more towards less populated locations on the outskirts of cities, preferably with scenic views or sustainable living options. This newly driven demand for RTMI homes has pushed realty stalwarts to customize their spaces as per the new measures of integrated living backed with never seen before offers.
Organized living is expected to pave its way in Tier-II cities as well, as a result of the migration happening. Considering the Indian market, satellite cities like Ahmedabad and Surat sale of RTMI units have been the highest amid the lockdown.
The main reason being low-interest rates, market fluctuation, strong asset value, a great time to invest for buyers. The most recently announced ambitious project of Agora City Centre in Vadodara will establish the city as one of the biggest business hubs of West India.
The buying model of HNIs and UHNIs is known to real estate developers. They don’t stop at investing in one property but continue to expand their assets as a status symbol and also because of the high future returns on that offer.
Premium developers who have a legacy in developing such projects will continue to be the optimum choice of the buyers in purchasing a luxurious RTMI home as well, due to their discerning eye for selection of furnishings, decorations, and other ornamentation used to make the homes truly remarkable. Modification in the choice of floorings, furnishings, and other building materials is also offered by some developers.
Past few years, luxury home developers have also taken that extra mile effort and merged with international designers, engineers, and architects to create unique realty marvels with magnificent aesthetics and state-of-art fixtures.
That said here are the jewels of Shree Balaji Group that will forever change the face of Vadodara.
Agora City Centre
Agora City Centre by Shree Balaji Group Constructions Pvt. Ltd. is a thoughtfully crafted posh project stashed in luxury, comfort, and peace located in Karelibaug, Vadodara. Agora city Centre's USP is its vital location and is a residential-commercial upscale neighborhood that is among one of the most desiderated real estate destinations in the city. Agora City Centre is favorably connected to Mangal Pandey Road, Sama Road, and Karelibaug road. There are numerous Hospitals, Educational Institutions, and Shopping malls located around the project which can be accessed in a matter of a few minutes. Agora City Centre is easily attainable to Vadodara Railway station that is situated 3km away and Vadodara bus station 4km away and the International Airport located at a distance of 7km via Amit Nagar road. The upcoming phase of the Vadodara Metro Rail project will boost the realty market of Agora City Centre and those who have invested in property will surely get good returns on their investment.
ACC is thoughtfully created to take care of every element of life. It offers ample amenities to suit the needs of residents for the best community living. Being well known for its excellent landscape and greenery, this project helps to experience the best and calm environment for one to relax and refresh. It also covers excellent amenities like 5-level security, clubhouse with over 44+ amenities, Intercom, Rain Water Harvesting, Lift, 24Hr Backup Electricity, to live a flawless luxurious life. Besides that, proper safety equipment is installed to ensure safety. The stunning architecture exuberates a sense of superiority that promises to draw envy from friends and family. Nature and greenery would be constant companions ensuring you always have a tranquil setting around your home, the dramatic five-star infinity pool would teasingly invite you to wash away your day’s stress in the Olympic sized pool. Clever interior designs allow warm sunlight to naturally light up the home.
Shree Balaji Skyrise
Shree Balaji Skyrise Vadodara is an address invented to raise the bar of premium living that is set to be an exceptional Landmark. SBJ Skyrise is located in the heart of the Vadodara city, Atladara. The architecture of this 2,10,000 sq ft. with 18 stories high rise towers which are designed by the international architect MR. Andre Kikoski offering well detailed and calming experiences to fulfill the extremity of the investors. The design of the project is based on the world-renowned residential skyrise known as “Antilia” which is owned by Mr. Mukesh Ambani. Skyrise’s USP is its crucial location and is a mixed residential upscale neighborhood that is among one of the Real Estate destinations of Vadodara. It is connected to the many important points in Vadodara. There are multiple Hospitals, Educational Institutions, and Shopping Malls located around this project which can be accessed in a matter of a few minutes.
Skyrise is incomparable when it comes to their credibility and reputation that ensures secrecy and exclusivity to its residents. From stylish flooring to spacious galleries, standard kitchen size and high-quality fixtures give it an attractive look. It comprises of 84 meticulously planned units that offer 2 BHK, 3 BHK, and 4BHK luxurious flats. Out of many world-class amenities in Shree Balaji Skyrise, the major amenities include Landscaped Garden, Indoor Games, Lift, Clubhouse, Senior Citizen Park, and all the amenities that include luxury. Apart from the amenities that can be described, Shree Balaji Skyrise’s purchase process becomes easier with the available easy payment plans and home loan offers. SKYRISE is an idea of simplicity that textures to breathing in a balance between beauty, simplicity, and complexity ensure that new meanings emerge and enrich the aesthetic value continuously.
Shree Balaji WIND
Shree Balaji Wind has got a glimpse of the luxurious life inside the community which is indeed the best residential society to live, that enjoys good connectivity and has several amenities to lead a lavish lifestyle. It is the first of its kind project in Vadodara as well as in Gujarat to be a platinum. Also, this project has been certified “Rera” by the Indian Government. This premium gated community of luxurious apartments is located at VIP road, which is one of the most prestigious addresses of Vadodara with many facilities. VIP road is right besides karelibaug which is also seeing a growing number of high-rise infrastructures. It is surrounded by many Educational Institutions, Hospitals, and Hotels. VIP road is situated about 4Km away from the train station. It has good connectivity with the major city centers like Alkapuri, Karelibaug etc.
Exclusive of all this, it is located in the heart of Vadodara which has rapidly grown into the modern business hub with many Real Estates & Commercial expansion where everyone can stay away from all the clamor and relish all the meticulous facilities of this community. This location is crucially allocated to offer valuable connectivity that is well associated with all the leading points in Vadodara. The aim of Shree Balaji Group Developers involves flourishing along with the economic development of the country that has a world class foundation based on highest standards of professionalism, ethics and customer service. It is one of India’s largest real estate company and has become a household name that symbolizes unmatched excellence and quality.
This project is a residential & commercial site which also boasts a clubhouse that features over 40+ ultramodern amenities, that helps the people living in this project to build a lifestyle that truly embraces the dynamic change over life. The commercial aspects of this project bring a Mall which has multiplexes, entertainment zone, multiple food courts & a wide range of retail outlets featuring brands from all over the world, for the first time in the area of Karelibaug.
We at Shree Balaji Group are accustomed to providing nothing but the best to our customers. Luxury, Location & Convenience at your doorstep. If you belong to those who have a luxury niche, the life that will suit you, you can check out the premium luxury apartments in Vadodara|Mehsana|Ahmedabad by the one and only Shree Balaji Group.
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