Mumbai the city of dreams, is one of the costliest places in the world to buy a house. Every place has a particular sect of people who have nothing but the best; be it their clothes, cars or their houses. Luxury apartments reflect their status quo and they make a lifestyle statement.
There’s been a stupendous rise for luxury apartments in Mumbai. Being one of the biggest and top financial cities in India, Mumbai city is the best place for IT companies, is home to Bollywood Stars, Banks, Small Business Firms and many other professionals. Today with its self-efforts and developments Mumbai tops the list of hottest locations for buying a property whether it is a luxury property or just a simple flat for dwelling purpose.
As compared to other cities in India, Mumbai is more developed in all the sectors including real estate. The flats in Mumbai are developed in terms of amenities, comfort and many other facilities. People always look for best of properties at best prices that meet up to their expectations and especially in terms of quality and Mumbai serves the same accordingly.
Luxury apartments in Mumbai are more expensive as compared to the regular flats in the city, because they offer voluminous flats with plethora of choices for the facilities that are included in the society. Mumbai’s luxury real estate has increased a lot, due to new technologies and inventions like well-developed infrastructural facilities such as Shopping Malls, Metro rails, big companies etc.
Every person in this world, whether it is common man or a rich man, has the dream of owning a luxury home and wants to an enhanced lifestyle with top class amenities. But to own such a home one has to dig deep in their pockets and spend a good wealth behind it. So before you put your huge income that you have earned with your hardwork, analyze your definition of ‘luxury’ very well.
Entrepreneurs and Corporate C suite class are willing to pay high premiums for locations that help reducing their commute time. Lodha Group, Ahuja Towers, DB realty, Godrej, Hiranandani etc. have redefined luxury by their various iconic creations across Mumbai. These apartments have an exclusive launch and is attended by the industry stalwarts. The guest list of these apartments is only by invitation, as the super rich are very picky about their neighbours in the apartment complex.
Luxury means having an element of exclusiveness. Luxury does not only mean the amenities provided by the project. Luxury has different synonyms and it varies from person to person because it mainly depends on what type of luxury you are habituated with. For some people luxury talks about the locality whereas for some it talks about the modern amenities facilitated in their residencies while for some luxury includes both the factor i.e. locality as well as the amenities.
Many a times it happens that, developers sell 1 BHK flat tagging it with the unit of 2 and 3 BHK flats. This is absolutely wrong in terms of luxury apartments because a 1 BHK flat at any stretch of imagination cannot qualify the term ‘luxury’. Being in any context luxury must necessarily have large living spaces. And developers will always continue to call their every project as luxurious, to sell it higher price. But being a buyer you should very well understand the meaning, context and definition of luxury in the residential real estate of India.
Below mentioned are some handy facts that you should consider before purchasing a luxury apartment in Mumbai or anywhere else.
Project density defines the number of people residing in the project or the building. There is no rule to calculate or understand this term. But one can easily analyze by understanding the concept i.e. if a project is spread over 1 one acre of land, then it can serve only 60 families in terms of luxury. And if the project exceeds these criteria then it is no more a luxurious project
Amenities are the first thing that people look upon when they go buy a luxury home. They look for extravagant facilities like Swimming pool, well-equipped Gymnasium, Club house, Party rooms etc. to live a comfortable and modern lifestyle. Some of the amenities that contribute to a luxurious definition are listed below,
In India, There is no special parameter to measure a parking efficiency of luxurious projects. But the commonly followed standard regarding parking area is that the number of car parks should be equal to number of bedrooms available in the flat. For instance, if a flat has three bedrooms, than it should provide 3 car parks. And now, many luxury projects in Mumbai provide a puzzle-type and stack parking space.
- Living spaces and other rooms
To fulfill the criteria of luxury a flat should always have large living spaces with floor to ceiling height more than 12 feet. So, that one can easily decorate your interiors with their preferred taste. The kitchen room should large space with modern interiors. Bathrooms also should be voluminous and should have a pleasing interior.
Luxury home locals always expect to be assured that their property and family both are safe in all the aspects. A luxurious project has a well-organized and well-placed security system.
Separate elevators for the residents and the service suppliers greatly contribute to the term ‘luxury’. It is to ensure that the elevators used by the residents are not populated by the service providers. One should also look upon an important factor that is, the elevators should be quite spacious, so that a stretcher can accommodate easily.
Location is one of the significant parameter that is to be considered apart from seeing the inner capabilities of a luxury apartment. Buyers should always look for a location from which they can approach roadways and railways easily. The owners of the flat should also have easy access to their offices, hospitals, schools, colleges and markets.
Mumbai has many locations that provide immaculately luxurious flats with best and top class amenities and locality. The locations include South Bombay, Bandra, Thane and many more that have attracted many luxury home buyers in the city. Some of the projects in these locations are listed below.
Sunteck Signature Island by Sunteck Realty Limited is a luxurious and ultra-luxurious project in Bandra Kurla Complex (BKC). It offers highly spacious 5 BHK apartments for sale in Bandra. The amenities provided by Sunteck Island includes, modern Coffee shop, well equipped gymnasium, mini consumable Shop, Laundary, in house health care center, Digital Security System etc. this amenities highly comfort the residents of Sunteck Signature Island in terms of Luxury. And also the project is encircled with wellness centers, finest hotels etc.
The Park Trump tower by Lodha Group is located in the Worli, the heart of South Bombay. It is the most unique residential property in Mumbai. Accessibilities like major business centers, 5-Star hotels, Parks etc. are at very short distance from Trump tower. It comprises of 3 BHK, 4 BHK and 5 BHK Luxury apartments in Mumbai. Per floor of the project will accommodate only 3 Families. With full glass façade the residents will get to see an amazing view of nature. Facilitated with Jet service, Lodha’s Trump Tower has Natural Ecosystem around, Sport and fitness centers, Relaxation Zones, Kid’s Play Area, and Social Gathering Hotspots etc. which serves more than a dream home.
DB Orchid Heights by DB Realty located at Mahalaxmi encompasses 2 towers of 77 and 50 storey respectively. The exclusive 4 BHK flats offers unrestricted views of Haji Ali, Willingdon sports club etc. This property has close proximity to business districts of BKC and Lower Parel; Palladium Mall, NSS Hill spring school etc. This project gives the choicest of amenities 800 meter jogging track, swimming pools, private movie theatre, amphitheater etc.
Mumbai provides galore options to serve to the demand for Luxury apartments from different people of the society. Developers are striving hard to develop more and more luxury apartments with new technologies to facilitate residents with amenities that are truly incredible and meet the international standards of living. And Mumbai City is the best choice you can ever think of for buying a luxurious flat that meets up all your expectations of a luxurious dream home.