LAP OF LUXURY

Catering to that extra bit of comfort and opulence is a fast growing demand segment within   the Indian   real   estate sector. It has resulted in luxurious offerings that suffer no deficit of buyers

Are you one of those who often forget to switch off the lights while stepping out of home and wish for a magic wand that can do it for you? Do you want your property to have luxury facilities? It’s now easier than ever to make these dreams come true.

Boom in Luxury Segment

Our country’s  economic  growth  story leading to job creation  across metros  and  other  major  cities  and higher spending to savings ratio has propelled  an increase in disposable incomes. Today India has one of the fastest growing numbers   of   high   net-worth individuals in the world. The culture towards nuclear families also leads to the current boom in the real estate market.

Most of the families who have travelled outside India and are exposed to luxurious lifestyles of the developed countries want a slice of this lifestyle, sophistication and exclusivity in their daily lives. Also due to slowdown in other industries, real estate is comparatively preferred as an asset class where the market is demand-based and not speculation-based and is driven by huge need for luxury properties. It offers higher returns on investments at lower risks.

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Over the last few years, a number of projects in the premium and luxury residential and commercial segments have been conceptualized and successfully marketed.

Likewise, the MMR Group is also working hard to meet the growing   aspirations of people who want their lifestyle to reflect their social and financial standing. MMR’s project at 52nd Avenue, is an integrated luxury hub spread over 9 acres. Situated in the heart of central Noida   with    premium   office   spaces, high   street condominiums,    studio   apartments   besides 2BHK luxurious service apartments and high end retail units designed by renowned architect Hafeez Contractor, it offers modern living and work spaces with a mix of technology and exclusivity.

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Over the last few years, a number of projects in the premium and luxury residential and commercial segments have been conceptualized and successfully marketed

• Our country’s economic growth story leading to job creation across metros and other major cities and higher spending to savings ratio has propelled an increase in disposable incomes
• India has one of the fastest growing numbers of high net-worth individuals in the world. The culture towards nuclear families also leads to the current boom in the real estate market
• Most of the families who have travelled outside India and are exposed to luxurious lifestyles of the developed countries want a slice of this lifestyle, sophistication and exclusivity in their daily lives
• Due to slowdown in other industries, real estate is comparatively preferred as an asset class where the market is demand­ based and not speculation-based and is driven by huge need for luxury properties.

> The writer is CEO of MMR Group of Companies <