Should You Choose Luxury Over Affordable Housing?

Real estate market in India has been witnessing steady growth as people are in a constant search either for housing purpose or as an investment opportunity. Owning residential property in a desirable location with all basic amenities and facilities is a dream come true for all homebuyers. But the question of whether to choose a luxury or affordable apartment lies ahead of the homebuyer before making a decision. Take a look at the below-mentioned features and benefits of owning a luxury and regular apartment:

Luxury Apartments

As the name suggests, luxury apartments are loaded with all the luxe and posh materials, facilities, and amenities. These are automated homes with the latest technology including artificial intelligence and machine learning for fast and easy living. Constructed focusing on the high-end consumers, these apartments are preferred by home buyers who seek a luxurious lifestyle with more comforts and would also be a highly secured living space with emergency services as well. The prime location of the apartment adds to its defining factor of luxury. The price range falls anywhere between Rs. 1 to 4 crores, which would vary depending on the amenities provided in the apartment. They are spacious and would have a minimum of 1500 Sq. Ft. coming in 3 or 4 BHK variants. With an expansive kitchen, balconies, super-spacious rooms, quarters for the maid and much more, your home would be a spacious paradise.

Luxury apartments have proved to be a performing asset in the market with its rental value being 40% more than regular apartments. They are generally located in a good neighborhood with a direct view to beautiful water bodies, lush greenery or the stunning cityscape.

Affordable Apartments

There is a high demand for affordable apartments in the real estate market especially in cities like Kochi, Bangalore, Chennai, and Pune. 

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Location: Thiruvananthapuram, Kerala, India

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