December 1st, Author: Varma
Real estate segment in Hyderabad has seen a resurgence with projects showing the development of luxury apartments in the past year. Although regular apartments sector continues to be popular with middle & salaried class, luxury apartments located near the IT corridor are in demand. Experts analyzing the real estate market are optimistic about rising of demand in both these segments. While regular apartments have their own advantages, it is the luxury apartments which raise standards like comfort, quality & convenience.
Investment Value of Luxury Apartments
Luxury apartments which are located in upscale neighborhoods like Gachibowli are performing assets. Compared to regular apartments, the rental value of luxury apartment owners is a whopping 40% premium. However, regular apartments for investors deliver consistent rental income. Regular apartments are more popular among the floating population because they prefer smaller spaces which are affordable. As for luxury apartments, prices fluctuating between both ends of spectrum prove to be volatile. In comparison, regular & mid-segment apartments continue to generate steady income & therefore are an attractive option.
Location & Neighborhood Matter
This matters a lot. Luxury apartments generally focus upon upscale neighborhoods like Banjara Hills, Jubilee Hills, Gachibowli & Kokapet. Niche neighborhoods offered by builders come with taglines like ‘Close Proximity to IT Corridor’ & the like in order to attract a refined clientele. Regular apartments on the other hand mushroom in neighborhoods which are newly formed. Large luxury apartment properties nowadays come with community spaces within a gated environment. They offer a strong support system for safe, convenient & comfortable living. There is no dearth of amenities which are meant to support the lifestyle of residents.
Wide Range of Amenities & Comfort
Luxury apartments commonly offer a wide range of amenities for the comfort of residents. From swimming pools to fitness & sports centers to large balconies & canopied walkways, everything in the world is offered to allure buyers. These are luxurious spaces which offer lifestyle amenities meant to enable residents to live king-size. Use of top-of-the-line construction materials & fittings are hallmarks of luxury apartments. Compared to these regular apartments offer basic standard amenities like power back-up & functional gymnasium.
Highly Secure Living Spaces
Luxury apartments are highly secure living spaces. They are typically gated communities which offer the highest level of security. Intercoms, emergency buzzers, fire chutes & a host of top-of-the-line security installations are put in place in order to ensure a stress-free life. Several high-end luxury apartments nowadays also provide home automation, solar generators, natural disaster bunkers, accident & medical emergency relief rooms & other provisions in case of terrorist attacks.
Although it is very difficult to fathom which side scales tip, this much is sure that demand for both regular & luxury apartments is on the rise. Ultimately it is up to you & your choice of buying a home. However, it is best to go for an eclectic mix of emotions & economics.
About Vertex Panache
Located at Gachibowli in Hyderabad right beside the Outer Ring Road neighboring IT corridor, Vertex Panache is a congregation of 6 high rise towers. It is an excellent blend of a contemporary living & community lifestyle. Vertex Panache features an impressive list of amenities which are meant to enhance your living & lifestyle. With wider spaces, better security & more privacy, Vertex Panache is a perfect place to unwind after a long day. Some of the leisure, fitness & relaxation activities available at Vertex Panache include a Swimming Pool, Yoga/Meditation Hall, Preview Theater, Spa, Aerobics Room, A/C Gymnasium, Amphitheatre, Skating Rink, Basketball Court, Indoor Games, Crèche & Senior Citizens’ Zone. With every convenience like schools, offices, malls & hospitals within driving distance, you could not have asked for more!