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Today’s contemporary modern society seeks to experience the unique and luxurious life and owing to this, the Luxury residential are offering top-notch facilities and amenities, attracting the potential customers for state-of-art, aesthetic, luxurious and pleasing experiences. Likewise, the demand of this high-end residential are skyrocketing their sales in the market. An increased number of high-net-worth individuals, rapid urbanization, and rising incomes are just some of the factors contributing to that growth.
The report of Anarock Group reveals that, out of the total 3.65 lakh units sold across the top seven cities in 2022, about 18 percent were in the luxury category. Contrastingly, of the total 2.61 lakh units sold in 2019, just seven percent were in the luxury category.With the advent of new and booming technology the business of real estate has witnessed a paradigm shift.
Homes are sold faster than usual, when prevailed Beauty & Quality wrapped in the golden foil of unmatched Amenities.
Car-Charging Stations: After the invention and increased demand of Electric Vehicle in the market, reputed builders are introducing EV charging points inside the parking area. Now, as the demand of EV continues to rise, people are searching homes on the basis of EV charging points. Most of the youth are inclined to EV because of its sustainable benefits as well as tax benefits. Meanwhile, builders also can grab tax benefits from the Govt for installing EV chargers. BESCOM in Bengaluru provides LT6C metering specifically for EV Charging. While rapid EV chargers, delivering fast charging speeds, Level 1 or Level 2 chargers, offer slower charging speeds but are more suitable for extended charging sessions and regular use.
Famed property developers like Sobha & Prestige are installing more numbers of EV charging stations in their residential properties. Other prominent developers like Mahindra Lifespace, Kolte-Patil, Brigade and DLF are also grabbing the including trend. According to the report of research firm Canalys, while EVs accounted for just 2.4% of India's vehicle sales in the first half of this year, EV sales grew 137% to 48,000 units during the same period.
"People considering purchasing EVs want assurance that they will have access to charging facilities within the residential complex”, - Javed Shafiq Rao, Senior VP & Head of Property Management, Prestige.
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