tankwind31 posted an update 6 months, 1 week ago
The unpredictable nature of the real-estate business has witnessed plenty of highs and lows from the sale of properties. While many believe agreement industry is in a bit of a slump around the world, certain cities are already capable of defy odds and post positive results.
In India, town Kolkata witnessed an increase in the sale of housing units over the last quarter. The town saw a 32% surge in units sold when compared with Q2 that year 2015, depending on data collected from your realty research agency.
Other reports suggested how the real estate market saw a 17% surge in the sale of properties in the eight metros combined. Researchers stated the reason behind the increase in sales during the last quarter has become due to a stop by prices of projects.
Can luxury apartments function as the game changer?
While property marketers have tried their very best to construct projects which appeal to most, there are a selection of projects springing up which target only a handful of clients. Luxury apartments and complexes are built by real-estate developers which projects are really expensive compared to the other projects but justified reason.
Real estate marketers are attracting top designers and architects from across the world to help design and execute these projects. Most complexes falling under the luxury category feature large sized apartments and duplex flats as well as a range of great amenities.
Although expensive, luxury projects are located being a jewel in the crown legitimate estate developers, something that can help them stand out from competition and hopefully attract a great deal of revenue from sales.
Most regular apartment complexes feature 2 BHK about three BHK flats but luxury projects feature larger flats having 4 BHKs and much more to offer to prospective buyers. These flats, with regards to the city, cost ranging from 2 crores to 50 to 60 crores and harder to offer than non-luxury apartments. A good single flat sold earns a lot of money for your real-estate developer.
While residents receive the best facilities and cherish the grandeur of life over these luxury apartments, it still is a hazard for your real-estate developer – the flats usually stay unsold for lengthy intervals. Within an industry which has numerous projects springing up, the call to have a project which gives the developer a unique identity is very important. Since rewards for building a luxury project outweigh the hazards involved, it will lead to a much better variety of such projects coming up later on.
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