Real Estate Investment Tips – India Luxury Housing Update
                     Real Estate Investment Tips – India 
Luxury Housing Update
The Unique Indian 
Scenario
Akin to other emerging markets, work and leisure 
are rarely divorced from each other in India. The 
fulfilment of lifestyle aspirations is not viewed as 
separate from the source of the revenue that 
enables it - be it driven by salaries or business 
turnover.
This has led to a rather unique concept of luxury 
housing in India - homes with high lifestyle quotients 
as close as possible to the workplace. This naturally 
brings with it some limitations in terms of locational 
ambiance, especially in business-driven cities like 
Mumbai and Delhi.
There is less scope for large estate settings, and 
the onus is on the aspirational quotient and 
inherent importance of the location, apart from 
the luxurious specifications of the homes 
themselves. Because such luxury homes are 
invariably centrally located, real estate prices 
tend to be rather high.
The Action Is In Mumbai 
And Delhi
Location continues to be the key factor for luxury 
housing in India. This creates considerable and 
focused demand for luxury housing in certain areas, 
leading to scarcity of available supply in 
geographically limited cities like Mumbai.
The supply that exists in high-profile locations such 
as South Mumbai tends to be held by institutions 
rather than individuals, who release their holdings at 
certain times.
Interestingly, luxury projects in India are now 
going vertical. While this is a function of the city 
and micro market rather than of the popularity of 
a configuration (for instance, in Delhi's Lutyen's 
Zone, bungalows are the only option) going 
vertical is the only option in cities like Mumbai.
High rise luxury projects optimize the limited 
space available, and also bring with them a sense 
of modernity; therefore, they wield their own kind 
of aspirational value.
Infrastructure Is Cause For 
Concern
There are issues that will need to be addressed in 
terms of infrastructure. Unlike in developed 
countries, enforcing strict norms with regards to 
structural safety, disaster, environment and fire 
safety in high rises presents quite a challenge in 
India.
If we take the intense urban sprawl of financial 
capital of Mumbai as a reference point, it becomes 
evident that such parameters cannot be over-
emphasized. The same can be said for other large 
cities, albeit to varying degrees.
Apart from the fact that support infrastructure is a 
huge challenge in most cities, we do not have the 
benefit of facilities such a helicopter evacuation in 
India.
Another factor affecting the increase of high-rise 
buildings in India are the FAR (Floor Area Ratio) 
norms. FAR parameters vary from state to state and 
are governed by the respective city development 
authorities.
Allowing high-rises indiscriminately in certain city 
areas is definitely asking for trouble, and will result in 
an infrastructure deadlock and eventual fall in prices.
Tips For Luxury Home 
Buyers
• Determine whether you are buying for self use 
or investment
• Calibrate you budget according to your actual 
need and long-term     spending power
• Reduce your dependence on a bank loan for 
such high-ticket real estate by using your own 
resources as far as possible
• Determine both the existing and future 
importance and inherent value of the location
• Pay only for what you get, not what you are 
promised.
Contact 
Us
On Site Sales Office Head Office
Satellite Elegance, Film Solitaire Corporate Park, S-14, 
City Road, 7th Floor,
Pankaj Shah Marg, Andheri-Ghatkopar Link Road, 
Goregaon (E). Andheri (E)
Mumbai, 400063 Phone: 022-2491 8181/8282
Phone: 9619224444
Kindly refer to the link to know 
more:
www.elegance.groupsatellite.co
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