The unpredictable nature with the real-estate business has witnessed a lot of ups and downs in the sale of properties. While many believe real estate market is in a small slump across the nation, certain cities are already in a position to defy odds and post good success.
In India, town Kolkata witnessed an increase in the sale of housing units during the last quarter. Town saw a 32% boost in units sold when compared to Q2 in 2015, according to data collected from a realty research agency.
Other reports suggested the market saw a 17% surge in the sale of properties in all of the eight metros combined. Researchers stated the real reason for the increase in sales during the last quarter continues to be because of stop by prices of projects.
Can luxury apartments function as the game changer?
While real-estate marketers have tried their finest to build projects which serve most, there are a selection of projects coming up which target merely a couple of clients. Luxury apartments and complexes are being built by real-estate developers that projects are extremely expensive when compared to other projects but justified reason.
Real estate property marketers are earning top designers and designers from around the globe to help design and execute these projects. Most complexes falling underneath the luxury category feature large sized apartments and duplex flats plus a array of great amenities.
Although expensive, luxury projects are located like a jewel in the crown the real deal estate developers, a thing that may help them differentiate themselves from the competition and hopefully attract a great deal of revenue from sales.
Most regular apartment complexes feature 2 BHK and 3 BHK flats but luxury projects feature larger flats having 4 BHKs and much more to make available to prospective buyers. These flats, based on the city, cost which range from 2 crores to 50 to 60 crores and harder to sell than non-luxury apartments. Even a single flat sold earns a great deal of money for your real estate developer.
While residents get the best facilities and cherish the grandeur of living of these luxury apartments, it still is a danger to the real-estate developer - the flats can remain unsold for very long intervals. In a industry which has a lot of projects springing up, the call to have a very project that provides the developer an original identity is extremely important. Since the rewards for developing a luxury project outweigh the potential for loss involved, it will bring about a much greater number of such projects coming up later on.
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