In the last few years, luxury residential market has drastically taken over the affordable housing. The luxury residential market is the fastest emerging section of realty market not only in India but across the globe. The credit for rising demand of luxury housing goes to the increasing number of high net worth individuals emerging out of the rapid urbanization and globalization. The large chunk of Non-Resident Indian (NRI) investors is propelled to enter Indian real estate, especially luxury residential market. The same has been supported by the immense interest shown by developers in the development of high-end residential projects. Usually the construction cost of luxury apartment is approximately 30-40 percent higher than that of mid-segment apartment.
NCR-Delhi, Mumbai, Bangalore and Chennai have marked the biggest market share of new launches in the luxury residential segment. Out of all these regions, NCR hits the chart of new launches in the luxury & ultra luxury segment. Realizing the immense potential of the area, even the HNIs have started to show interest in NCR’s real estate market. Thus, making it a preferred choice of both end—users and the investors. Most of the luxury projects are located in the newly developed areas of Noida and Gurgaon.
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| Supertech 48-Canvas, Sector - 79, Gurgaon |
Among all the builders present in NCR, Supertech has introduced the best of luxury projects in Noida as well as Gurgaon. With its projects Araville, 48 Canvas and Hues in Gurgaon and Supernova, North Eye, Ritz and ORB in Noida, Supertech has become the number one
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| Supertech ORB, Sector - 74, Noida |
choice among buyers for luxurious apartments. The tie-ups and associations with the global brands like Armani Casa, Aedas, Disney, etc. has brought the best of the living standards. Supertech has set the new benchmarks for luxury in the modern world of architecture. After all, luxury comes in many moods and it makes you feel like a sovereign.
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