Modern Homebuyers search for luxury independent floors in tier II cities

Luxury living in Tier II cities is no longer just about opulent homes. It signifies a holistic lifestyle upgrade, offering customisation and privacy that resonate with the discerning modern homebuyer. The shift in home-buying preferences is reshaping the real estate landscape of these cities. In recent times, there has been a remarkable surge in demand for luxury independent floors in tier II cities. These regions are emerging as prime destinations for this segment due to affordability, the desire for more space and privacy, improved infrastructure, and enhanced quality of life. The trend has been most noticeable in the Tri-City area of Panchkula-Chandigarh-Mohali. Aakash Ohri, joint managing director and chief business officer of DLF Ltd,shares his insights on this trend, saying, “The Tri-City area has experienced a significant upswing in the demand for independent housing options. While this change has been evolving, we must also acknowledge the lasting impact that the pandemic has had on homebuyers’ preferences". 

He further adds, "Therefore, we have started catering to this growing demand with our upcoming offering, situated amidst the breathtaking greenery of the Tri-city town. We firmly believe that this demand will continue to rise in the coming years as more homebuyers seek spacious, exclusive, and premium housing options away from the congested metropolises".

Panchkula region has a harmonious blend of urban lifestyle and serene living spaces. Homebuyers are increasingly drawn to the charm of these low-rise, spacious residences that seamlessly blend urban conveniences with tranquil living. The demand is influenced by a desire for more privacy, security, and the modern amenities offered by independent floors. Developers are creating recreational spaces for a balanced lifestyle. The real estate sector has responded by introducing diverse independent floor projects, ensuring quality construction, contemporary design, eco-friendly features, and smart home technologies. Panchkula, a pristine town with modern amenities and untouched natural beauty, has become a popular destination for the next generation of homebuyers seeking solace away from the city.

Investors are recognizing the investment potential in Tier II cities, where property prices tend to be more stable and have the potential for appreciation. Independent floors offer a viable investment opportunity, either for rental income or long-term capital gains. This trend is likely to continue as these cities develop and offer a higher quality of life, making them attractive for both residents and investors alike.