A Guide to Buying Luxury Real Estate

The present millennial generation has a different ideology when it comes to homes and real estate. A decent chunk of the age group desires to lead a life like a digital nomad, while the other half believes in owning nothing less than sheer luxury flats. Whether you are an investor or a budding dreamer, here are a few pointers to ensure that you settle for nothing less than you demand!

·       Personalized homes:
Luxury comes at a price and extravagant homes stand at the epitome of outlay. To ensure that you make the most of what you are paying and add a personal touch to space you will be living in, look for prestigious builders like Bombay Realty who are ready to build customized homes as per the needs of the owners.

·       Size matters:
Anything less than a 3 bhk apartment in Mumbai is not big enough to be tagged as a luxury space. An ideal luxury apartment will never look cramped. It will be breezy, will have a good floor to ceiling height, will be accompanied by patios, well-structed restrooms, and kitchens.

·       Have a checklist:
Swimming pools and clubhouse are amenities of the past. Modern demands are way above the standard. If you are ready to park your money in luxury real estate, you need to ensure that extra comfort is met inside the premises. Compare multiple projects from various builders across locations of your preferred city. Make a list of the amenities offered. An up to the minute luxury project should be home to multiple pools, theatre, retail and shopping outlets, schools, spa and salon, sports and recreational center, centrally air-conditioned lobby, power back up on lifts and other facilities in the complex.

·       Location:
A luxury home holds minimal weight if it lacks connectivity from the main city where the major happenings occur. An ideal luxury project should be centrally located to all parts of the city with excellent connectivity to both road and rail transportation.
Real estate is a market that is booming like wildfire. Investment in the right project can fetch you an impressive rate of return on the sale. If you are planning to buy an opulent estate solely based on investment purpose, analyze the trend in the area along with potential per square feet rate growth.