Luxury homes have always been a segment of real estate that has seen an upper trajectory growth rate. As a segment that has shown positive signals, the pandemic has not really dimmed demand in this sector.
There are several launches of luxury residences that are in the pipeline. The demand for luxury homes has always been high and has gone up in the post Covid-19 context. Luxury homes with amenities that match form and functionality are popular in the luxury space and new age developers are making changes to stay relevant with unique projects. Due to the evolving tastes and aspiring demands of the buyers, a growing niche of forward-thinking developers are launching exotic and exquisite theme-based projects in places like Goa.
New age homes define luxury not only in scale but also exclusivity of spaces catering to the functions of the house. Interior designing is a combination of both functional and aesthetic elements. Comfort and control from any place are what the new generation home builders are looking at. With busy lives, homeowners want the comfort of operating and controlling their devices from anywhere. Many companies are also developing home appliances with built in IoT technologies, to align to the customer needs.
This story first appeared in the October 2020 issue of Architects and Interiors magazine here: