The unpredictable nature from the real-estate business has witnessed a lot of highs and lows within the sale of properties. Even though many believe the real estate companies are in a slight slump nationwide, certain cities are already in a position to defy odds and post good results.
In India, the town Kolkata witnessed an increase in the sale of housing units over the last quarter. The location saw a 32% boost in units sold when compared with Q2 that year 2015, according to data collected coming from a realty research agency.
Other reports suggested that this housing market saw a 17% rise in the sale of properties in the eight metros combined. Researchers stated the real reason for the expansion in sales over the past quarter has been as a result of stop by prices of projects.
Can luxury apartments are the game changer?
While real estate marketers have tried their finest to develop projects which cater to most, there are a selection of projects springing up which target only a few clients. Luxury apartments and complexes are being built by property developers that projects are really expensive when compared to other projects though valid reason.
Real estate marketers are bringing in top designers and architects from across the world to help design and execute these projects. Most complexes falling within the luxury category feature large sized apartments and duplex flats and also a selection of great amenities.
Although expensive, luxury projects are seen as a jewel inside the crown the real deal estate developers, something which might help them stand out from your competition and hopefully generate plenty of revenue from sales.
Most regular apartment complexes feature 2 BHK and three BHK flats but luxury projects feature larger flats having 4 BHKs and much more to provide to prospective buyers. These flats, based on the city, cost ranging from 2 crores to 50 to 60 crores and harder to market than non-luxury apartments. Obviously any good single flat sold produces a great deal of money for the real-estate developer.
While residents obtain the best facilities and cherish the grandeur of living in these luxury apartments, it still is a danger for the property developer - the flats can remain unsold for very long amounts of time. In a industry containing so many projects coming, the requirement to use a project that provides the developer a distinctive identity is essential. Because the rewards for building a luxury project outweigh the potential risks involved, it ought to lead to a much better number of such projects approaching in the foreseeable future. Check out about Peninsula Nha Trang explore this useful web portal.
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