The unpredictable nature with the real estate property business has witnessed a great deal of ups and downs inside the sale of properties. Even though many believe agreement marketplace is inside a slight slump nationally, certain cities have already been capable of defy odds and post positive results.

In India, the city Kolkata witnessed a boost in the sale of housing units over the last quarter. The city saw a 32% boost in units sold when compared to Q2 around 2015, determined by data collected from the realty research agency.

Other reports suggested that the real estate market saw a 17% rise in the sale of properties in all of the eight metros combined. Researchers stated the explanation for the development in sales throughout the last quarter has become because of a drop in prices of projects.

Can luxury apartments be the game changer?

While real estate marketers have tried their very best to build projects which appeal to most, there are a selection of projects springing up which target merely a few clients. Luxury apartments and complexes are now being built by real estate developers and the projects can be extremely expensive compared to the other projects however with justified reason.



Real estate property marketers are earning top designers and architects from across the world to assist design and execute these projects. Most complexes falling under the luxury category feature large sized apartments and duplex flats and also a variety of great amenities.

Although expensive, luxury projects are located as a jewel in the crown for real estate developers, something may help them stand out from the competition and hopefully bring in a lot 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 more to provide to prospective buyers. These flats, with regards to the city, cost between 2 crores to 50 to 60 crores and take longer to sell than non-luxury apartments. A good single flat sold generates a large amount of money for that real estate property developer.

While residents acquire the best facilities and cherish the grandeur of just living of these luxury apartments, it still is a danger to the real estate developer - the flats usually stays unsold for long amounts of time. Within an industry containing numerous projects coming, the requirement to have a very project which gives the developer an exceptional identity is very important. Considering that the rewards for developing a luxury project outweigh the risks involved, it ought to result in a much greater quantity of such projects springing up in the future.

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