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Demand for luxury homes increased in Delhi NCR, New York style residential apartments became people’s choice

by Amit Tripathi
August 31, 2024

Delhi – A new trend is emerging in the real estate market. People are now increasingly turning towards bigger and luxury flats instead of smaller flats. Many important reasons are being cited behind this change, which reflect the change in the preferences of today’s buyers.

According to the latest report by Knight Frank, people are no longer buying flats just to live in, but are also looking for a better lifestyle. The amenities available in luxury flats such as gyms, swimming pools, club houses, special play areas for children, and high-level security arrangements are making them an attractive option. There are many reasons for this increase, such as rising incomes and increasing demand for high-end homes. People are now looking at luxury homes as an investment. Noida, Greater Noida, Ghaziabad and Gurgaon have become major hubs for luxury housing, offering modern amenities and premium lifestyle. New York-style residential apartments are becoming the choice of people.

This trend is also confirmed by Ghaziabad’s ‘Gaur NYC Residences’. This New York-style residential project has become a center of attraction in the pre-launch phase itself. The total sales value of this project is 3000 crores, setting a new record in the real estate market of NCR. Spread over 11.80 acres, this project is being built with 10 towers of 32 floors, which include 4 bedroom and 4 bedroom + servant quarters flats. This is Ghaziabad’s first ultra-luxury housing project, which seeks to bring the charm of New York to the Indian environment. These include modern amenities such as a Madison Square-inspired clubhouse and a 118-meter long swimming pool.

Experts believe that the main reasons for the growing demand for luxury homes are its excellent location, unique design and expectations of customers seeking an advanced lifestyle. Sarthak Gaur, Director, Gaur Group, said that this reflects our efforts towards providing the best homes and complete satisfaction of the customers. This trust strengthens our commitment even more.

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