McNulty Mcdaniel posted an update 1 month, 1 week ago
The unpredictable nature of the real estate business has seen lots of lows and highs within the sale of properties. While many believe the property marketplace is in the bit of a slump across the nation, certain cities are already in a position to defy odds and post positive results.
In India, the location Kolkata witnessed an increase in the sale of housing units over the last quarter. The town saw a 32% increase in units sold in comparison to Q2 in the year 2015, based on data collected from your realty research agency.
Other reports suggested that this market saw a 17% surge in the sale of properties in all of the eight metros combined. Researchers stated the reason for the development in sales during the last quarter has become because of drop in prices of projects.
Can luxury apartments function as the game changer?
While real estate property marketers have tried their finest to construct projects which appeal to most, there are a selection of projects approaching which target merely a few clients. Luxury apartments and complexes are being built by real-estate developers and these projects are really expensive when compared to the other projects however with justification.
Real-estate marketers are attracting top designers and architects from across the globe to help design and execute these projects. Most complexes falling within the luxury category feature large sized apartments and duplex flats plus a selection of great amenities.
Although expensive, luxury projects are seen as a jewel inside the crown for real estate developers, something that might help them stand out from your competitors and hopefully make lots of revenue from sales.
Most regular apartment complexes feature 2 BHK 3 BHK flats but luxury projects feature larger flats having 4 BHKs and much more to make available to prospective buyers. These flats, depending on the city, cost which range from 2 crores to 50 to 60 crores and be more difficult to offer than non-luxury apartments. Obviously any good single flat sold produces a great deal of money for the real estate developer.
While residents get the best facilities and cherish the grandeur of life of these luxury apartments, situation a danger for the real estate developer – the flats can stay unsold for long amounts of time. In a industry that has so many projects coming up, the call to possess a project that offers the developer an original identity is of the utmost importance. Since the rewards for creating a luxury project outweigh the hazards involved, it will bring about an even greater quantity of such projects springing up later on.
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