7 Innovative Emerging Trends In Luxury Residential Real Estate

Real estate market in India is one of the most promising sectors for investment. Not only does this market provide safe investment options, it also promises to deliver favourable returns. With constantly increasing demands, the luxury residential property market is destined to grow in the years to come and will give favourable returns on investment. The advent of new technologies has improved our lives in every respect. These technologies are also playing a key role in changing the scenario of real estate, including the ‘luxury segment’. In the luxury real estate market today, opulence is reflected by providing a high standard of living and top of the line amenities with latest smart technology & engineering concepts for creating maximum end user comfort. Here are a few innovative trends emerging in the luxury real estate segment.

Smart Technology and Engineering Concepts

Smart home automation greatly enhances the lives of residents, with nearly every aspect of such homes being interconnected and controllable by remote, including lighting, temperature control, and security. With smart home technology today nearly every aspect of a house can be enhanced with cutting edge solutions, utilising the power of IoT, voice first technology, Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), and Smart Meters. For instance, curtains, windows, doors, and even garage entrances can be operated remotely, with just a press of a button, or by using a connected smartphone. Smart Home Entertainment solutions are possibly the most popularly used gadgets today, in countless households. Developers of smart home appliances have been able to add high functionality at every minute stage, such as by alerting house owners about expired food products and ice build-up in refrigerators, automated plant-watering devices, and more. The demand for smart homes has contributed towards creating a sea change in the expectations of buyers. Internationally-traveled and well-informed customers are demanding smart, connected and comfortable homes enabled by these technologies. Emmar Digi Homes has launched its new digital home solutions residential project in Gurgaon in Golf Course Extension Road, sector 62. This project offers state-of-the-art smart home experience with voice and touch enabled automated homes, bio-metric authorization at the main door and video door phone. Automation is provided for smart mood lighting, AC’s, curtains, TV & appliances, smoke & gas leak sensors in kitchen. Other unique features are Wi-Fi router with panic button in master bedroom, smart glass in kitchen and voice command controlling device in living room.

Emergence of Green Building Concepts

With solar panels in the roofs and built with environmentally friendly materials, green buildings have become popular amongst luxury home buyers. Using many natural resources such as light, wind and earth, sustainable homes aim to lower their carbon footprint and significantly reduce the amount of heat and power a homeowner consumes. With the emergence of green building concepts, it has now become an industry standard to protect the environment. Modern residences are equipped with energy-efficient technologies. Some of the devices that are being integrated to make your house environment-friendly are air purification, lightening, thermostat control, greenhouse monitoring systems, humidity control sensors and many more. Modern residences are equipped with energy-efficient technologies along with rain water harvesting and management practices and promise lower greenhouse emissions.

High End Amenity Rich Homes

HNIs investing in a luxury apartment want the best that money can buy. Today luxury homes are meticulously designed to offer maximum comfort, with attractive interiors and cutting-edge facilities. Premium residential projects offer state-of-the-art facilities such as landscaped gardens, stylish living rooms with LED televisions, sleek and fully-equipped kitchen, Wi-Fi, multiple parking, fast elevators, 24-hour security and gymnasiums. Buyers investing in luxury homes ensure that the project is built with high-quality construction materials and incorporates standards such as earthquake resistance, RCC frame structure, fire-resistant aluminium sliding windows, imported or high-quality domestic modular kitchens, vitrified tiling and floors, etc. Living in such homes must equal a high quality of life and a consistently joyful experience. Private parking spots and other amenities that are focused on personal comfort and wellness of residents. Some of the luxury amenities include spas, high-end gyms, BBQ, community areas and high-end air and water filtration systems. DLF Ultima Sector 81 Gurgaon, offers exclusive amenities such as 35000 sq. ft. Club House with steam and sauna rooms, spa and beauty salon. Moreover, Private Spa with body massage and aromatherapy facilities & Private mini theatre available for residents, Cafeteria catering multiple cuisine options with options for vegan and organic food, Open-air swimming pool with water features, two tennis courts, two basketball courts, a card room and a snooker room and Multi-Purpose Hall that can be hired by residents for birthdays, anniversaries, weddings etc.

Wellness and Wellbeing

Health and wellbeing are playing a bigger part in the thinking of developers and investors in the luxury residential sector. Developers of residential apartment buildings are betting that residents will value a new suite of health and wellbeing amenities ranging from air filtration, plentiful plants and natural light, to central staircases designed to promote physical activity and communal eating areas to encourage greater social cohesion. The most requested amenities are a gym and roof garden or outdoor space. Changing times have ushered in new trends that go beyond workouts. Peace of mind is often as high a priority as outdoor space and physical activity for luxury buyers; affluent clients are seeking out places of sanctuary to pursue the passions that bring them joy like tranquillity pools, wellness spa, yoga rooms, meditation centres and the new urban escapes.

International Design and Decor

Considering this demand, real estate developers are coming up with world-class designs and are attracting buyers from across the globe. The definition of luxury varies for individuals as everyone has unique aspirations on the choice of décor, taste and lifestyle goals. With the awareness of international lifestyle standards and decoration styles, penthouses, condominiums and contemporary villas, user demand in this prime segment are changing rapidly. Homes crafted by international architects, interior designers and joint ventures with leading developers from other countries, remain popular with buyers. High-end projects now offer sprawling penthouses, gyms and clubhouses to jacuzzi and private pools as the selling point for developers. Equally popular are exclusively designed residences from international designers. Many developers in Gurgaon like Krisumi Waterfall Residences and M3M are collaborating with international architectural firms and landscape designers.

Safety and Security

Luxury homes are not only about living in comfort but also living in total security. When living in a luxury home, the inhabitants should be safe from any kind of criminal intrusion. Simultaneously, they do not expect to have to install security grills over their windows or front door as these completely ruin the aesthetics of their homes. The occupants expect to have the assurance that their families and property are safe in all respects. A genuine luxury project has the best of security, both in terms of actual personnel and also the latest electronic monitoring and surveillance. All conceivable safety measures should be firmly in place such as CCTV cameras, 24-hour panic button to alert security guards, fire safety devices such as fire extinguishers and sprinklers, video door monitoring, motion sensors, gas leakage detection, intrusion sensors, curtain sensors, fire detection and control etc.

 

Hospitality and Concierge Services

For India’s uber rich, the lines between home and the hotel are blurring. They stay at high-end apartments designed like five-star luxury properties that offer hotel like services and amenities. Modern amenities now resemble features that can be found in high end hotels, and resorts with luxuries hoping to enhance quality of life. These plush homes come with all the bells and whistles—from extensive lobbies and landscaped gardens to amenities such as a spa, pool, coffee shop, gym, clubhouse and business centres to concierge services and in-house butlers. Ambience Creacions, Sector 22, Gurgaon offers such a concierge service that helps picking up resident’s shopping bags from Ambience Mall, driver on order, chef on order, room service, laundry services, a business centre and many more.

Sources:

• https://www.financialexpress.com/money/how-innovations-are-changing-the-dynamics-of-luxury-real-estate/1715817/
• http://www.businessworld.in/article/The-Rise-Of-Sustainable-Architecture-In-luxury-Real-Estate-/08-09-2019-175679/