This article will interest those fond of luxury, comfort, and aesthetics as this article talks about a Luxurious Apartment Complex, the perfect residential option for people seeking quality and comfort.
Luxury and Architecture
Modern-day Concept of Luxury
“The days of luxury being more of a flamboyant style are waring.” – Stuart Narofsky, FAIA. Luxury is a feeling, a state of comfort and elegance, usually involving expensive things. For some luxury can be owning a set number of penthouses looking out to an amazing beach view and for some, it can be owning a single house.
In today’s world luxury signals personal wellness and dynamic experiences, it is no longer about opulence. Luxury is subjective to every individual but generally is considered to be expensive.
Luxury in Architecture and Design
What comes to your mind when we refer to luxury in terms of architecture? A Fancy House Design, something most likely to be grand, glam, and ornamental. But we live in a world where luxury is no longer tagged unattainable and continues to evolve every single day. Hence there is no particular definition for luxurious architecture. It can be something highly ornamented or just a simple room with a lot of natural light.
Luxury Apartments
Luxury Architecture and Design of a Home
It is a dwelling that intends on providing its occupant with a higher than average amount of comfort, convenience, and quality. In simple terms luxury apartment is a residential unit that goes above and beyond to satisfy the needs and wants of its occupants. Luxurious apartment complex caters to the needs of high-end society as they typically comprise high-end features like modern-day appliances that provide more leisure and high security, top-notch building materials that pertain to the concept of quality over quantity.
Not only are the apartment units luxurious and filled with the best quality furniture and facilities, but luxurious apartments are also located in developed urban areas where the cost of land is high and this luxurious apartment complex features a wider range of state-of-the-art amenities and services.
Architecture and Design of a Luxurious Apartment Complex are generally designed to be grand, spacious, and elegant. Luxurious house design focuses on providing an ample amount of natural light by providing the floor-to-ceiling windows with a higher than regular ceiling level and generally ranges between 10 feet to 15 feet per floor. Common areas like living and dining spaces are mostly double the height to give a sense of grandeur.
Luxurious Apartment Complexes are mostly located in a neighborhood that promises privacy and convenience for tenants to have access into market places, educational institutions, dine-in spots, offices and generally provide occupants with a good view.
How to differentiate a Luxurious Apartment from a Regular Apartment?
Advertising an apartment as luxury is a very common marketing technique used to appeal to the high paying customers even though these apartments lack the basic luxury features in reality. It is vital to understand what constitutes a luxury community so on to find the right apartment that will cater to all your needs regardless of the branding scheme any property uses. To avoid confusion you must be well informed about the differences between a luxurious house design and a regular one.
Expense
The pricing of a dwelling in a luxurious apartment complex starts from INR 1 Crore and can range up to INR 20 Crore or more depending on the amenities provided in the complex. To that, an approximate 5% can be added as an annual appreciation rate. As for rental pricing, luxury apartments fetch 40% higher rates than regular apartments.
On the other hand in metropolitan cities, the demand for regular apartments are high among the middle class and migrants from a rural area. The rental rates are fairly cheap in comparison and serve the majority. Pricing of regular apartments starts from INR 30 Lakhs and goes up to INR 90 Lakhs.
Value of Investment
In an upscale neighborhood, luxurious apartment complexes are a performing asset. They bring an avenue that is 40% higher than regular apartments even though the number of luxury apartments is noticeably smaller than regular apartments. Regular apartments bring a consistent income for investors as the majority of the population prefers regular apartments over fancy houses designs. Even though the requirement and demand of regular apartments are more in numbers, the profit percentage is higher in luxury apartments owing to its high pricing.