This is a big question in every property investor’s mind: Can luxury homes be budget friendly? Generally, lower-end real estate needs lower capital, which makes it especially appealing to small-time investors. Luxurious real estate, however, is an asset class reserved for people with a lot of capital to spend on a prime residential property. Throughout the human evolution, luxury goods have become everyday necessities. This seems to be true of housing too, with affordable luxury homes gaining popularity in the real estate market. An affordable luxury home has all the attributes of a premium property, but it is affordable to a larger segment of the population.
So yes, Luxury homes can be budget friendly.
Small as it is, in India, ‘luxury’ real estate has found its market niche. Though it is still a niche market, the affordable luxury market is fast expanding its base to include homebuyers from the middle class. Affordable luxury housing is a revolution because now, the middle-income group can enjoy premium living without paying through their nose. When we talk about luxury property, what exactly is defined as a luxury?
Luxury housing caters to the wealthy who have a penchant for first-class amenities and facilities, which they are not averse to paying a premium for. Basically, such properties must be exclusive, desirable, and unique in many ways. Premium central locations used to be a primary factor while selecting a luxury property, but with the new trend of extremely prime and ultra-modern projects coming up even in newer areas, this is no longer strictly true. What exactly does exclusivity mean? After all, by virtue of every home having only a single owner, is it not ‘exclusive’ as it is? Not really. As far as the high-end real estate is concerned, exclusivity means closeness to other high-end residences and suitable access to a variety of tasteful conveniences like five-star hotels, shopping malls, sports complexes, and parks. Luxury homeowners expect advanced facilities and project management that provide a seamlessly comfortable, convenient, and visually enriching experience.
Now that we have defined what luxury homes mean and we’ve also witnessed the advent of ‘budget-friendly’ homes, it is now necessary to understand what makes ‘Affordable Luxury’ homes different?
In the name of ‘Affordable Luxury, developers are coming forward to assist higher middle-class buyers to achieve their aspirations of living in a luxury home. These homes offer a luxury living experience to the high middle-income group without compromising on their premium positioning. One important differentiator is the location of the project. Luxury homes often enjoy a central location which adds a considerable lot to its cost. At Avant Heritage, you are offered luxury amenities, top-notch facilities, large apartment size, and best construction quality all at Mumbai’s most preferred area, JVLR (Jogeshwari Vikhroli Link Road).
Where will you find an ‘affordable luxury’ home?
Right here, at Avant Heritage. Located at the Jogeshwari Vikhroli Link Road (JVLR) and its close proximity to the Western Express Highway junction is an absolute advantage. The 3 majestic towers of 23 floors each have 1/2/3/4 BHK & Duplex Penthouses offering you a grand experience. Here, you will find a blend of luxury living and heritage living. The project offers you modern amenities such as the serene Lotus Pond; temperature controlled Jacuzzi & Swimming Pool, Terrace Garden, High-Tech Gym, High-Speed Passenger and Stretcher Elevators and lot more. You also get a 24×7 Power back up for common area, essential services as well as an unobstructed lush green view of the Aarey Colony. Avant Heritage home buyers will also get an additional benefit such as No EMI for 12 Months, No GST Impact, No Floor Rise, and No Premium View Charges.
Experience a heritage living amidst the modern localities. Visit www.avantinfra.com