The Emergence of a Strong Luxury Residential Real Estate Market in India

The real estate industry has always been a mega dynamic business in India. From the bursts in population  in major and smaller cities to the flurry of national and international investors that recent decades have seen, every one is looking for the next best thing to put their capital and hard earned savings into. Mid level high end residential and well as commercial real estate has always been a common feature and one that has boomed over the years. However, there is a growing demand for new class of real estate ventures in the country that have made India a force to reckon with when it comes to real estate development – namely that of the luxury and ultra premium market.

Prices per square footage in cities like Mumbai, Bangalore and Delhi are no joke with rates reaching competitive levels with major metros around the world and buyers today are becoming far more discerning as to what level of luxury and quality they expect from their real estate purchases. An increase in purchasing power and growth in the upwardly mobile urban class has also contributed to this upswing. Gone are the days when the presence of a swimming pool and health club on premises were considered the ultimate in luxury living. Today buyers are faced with high end choices that offer facilities like multi tier security systems, on premises lounges and cafes, concierge services and much much more than one ever imagined some scant years ago.

Tie ups with other service providers also feature in grand projects like Sunteck Realty's 'Signature Island', which is set to be a landmark development in Mumbai city's famed Bandra Kurla Complex (BKC) area. The project offers exclusive apartment that have a bespoke design facility for lavish living on a king size scale. In fact, Sunteck has fast emerged as one of the leading players in the luxury real estate market today due to its service oriented approach, sound financial planning and discerning eye on the future of this market. A quote from Sunteck founder, chairman and managing director Kamal Khetan in a recent interview with Forbes, sums up what we can expect to see “Over the past few years, the company has focused on building a strong equity as a brand synonymous with ultra luxurious and premium living. With distinct brands catering to each segment of luxury has enabled us to ensure that luxury living is made available to the end user.”
With the leading real estate enterprises like Sunteck branching out and developing in to the uber luxury segments, the real estate market in India is poised for a lot more grandeur and functionally high end living options to come and investors are watching with a close eye.

Kamal Khetan led Sunteck Realty is Riding on the Demand for High-End Residential Spaces

RIDING ON the high demand for premium residential space, Suntech Realty led by Mr. Kamal Khetan, is developing a range of landmark residential projects with apartments ranging from 1-crore to 40-crores, which offers exemplary designs and superior quality by adapting to highest standards of international living.

The total saleable area is of more than 30 million square feet in Mumbai’s city-centric locations , with 27 projects in development pipeline, out of which the company has already successfully launched nine projects – six premium residential and threee commercial projects with balance projects proposed for launches within the current fiscal.

Says Kamal Khetan, Chairman and Managing Director, Suntech Realty, “Today, the country is witnessing a significant rise in demand for high-end luxury residential spaces owning to the growing income levels across various corporate sectors. Sunteck Realty is focused on catering to the aspirational business professionals by providing them their dream house.”

The Company has already launched its high-end residential landmark projects – Signature Island – at the Bandra-Kurla Complex (BKC) in Mumbai, with duplex apartments with an area of approximately 7,000 square feet to 11,000 square feet. Owning to a huge potential at BKC, the company plans to launch another two luxury residential projects – Signia Isles and Signia Pearl – in the near future. Sunteck has also tapped key areas of Mumbai, such as Andheri, Borivali, Vile Parle, Goregaon, Airoli, Mulund and Thane for further development.

The amenities that Sunteck Realty projects offer include health club, gymnasium, indoor temperature controlled swimming pool, coffee lounge, children’s playgarden, digital security system, car wash, and concierge service.