Since Q3 of two years ago, luxury house sales have increased significantly above the previous four quarters, and the epidemic hasn't yet slowed down the celebrations. Moving restrictions may cause people to put off making purchases. We do not, however, consider this to be a significant obstacle because there is still a high level of unmet housing demand, which will only increase if there is a minor delay in using the favorable market conditions. For this reason, Puravankara Group in Bangalore has introduced Purva Meraki in HSR Layout.
The market for luxurious homes in India has significantly changed over time. The demand for luxury homes at Purva Meraki is emphasized by factors such as increasing disposable income, the integration of amenities like a swimming pool, playground, clubhouse, gym, and healthcare center, evolving home buyer aspirations, growing demand for larger homes, and supermarkets for a healthy lifestyle. Due to the pandemic's beginning and aftereffects, it has become increasingly obvious that working online is now commonplace and that there is less room for travel. Luxury property sales in seven key Indian cities increased by 10% in February, reaching over 7000 units, up from 5000 units the year before, according to a research by a real estate data analytics business
Similar to this, the research noted a 15% rise in the first quarter of last year in the number of luxury house launches, including Purva Meraki, with almost 6000 units in the top cities. Let's examine the trends impacting this market as there is an increase in demand for luxury residences. The need for bigger homes is one of the obvious trends. Working online has now become the new standard of living as a result of the epidemic. People must thus designate a separate area in their homes for doing their schoolwork. Additionally, a focus on overall quality of life with a focus on health and comfort is also noticeable since most of us spend more time at home during the epidemic. Some of the needs include designated space at Purva Meraki for a workout or larger balconies and separate locations to unwind.
Many families from the middle class are moving into larger homes like Purva Meraki in order to achieve their desire of a higher quality of life. Approximately 25000 2 and 3 BHK homes were sold in the first quarter of last year, according to another report. It implied a similar pattern as well. It was noted that 3253 residences, or the greatest number of units sold, were sold in Bangalore last year at a rate of 35%. The South of Chennai, which had a growth of 34% with 3,254 units last year, came in second.
Although people buying expensive homes is nothing new, the epidemic has undoubtedly increased the trend. Travel limitations have prompted individuals to purchase homes like Purva Meraki in picturesque areas, particularly in hill stations, with the intention of turning them into vacation homes or even places of employment. Unlike the first, where the aim is to make their rental homes, this has no such purpose.
The development of the area has been impacted by this. This exclusive township is a multi-phased construction project with many additional units stacked atop four towers. Enter the realm of luxury, where amenities and features are derived from nature. The flats' unique design offers roomy rooms and balconies to enjoy the picturesque vista. All of these were created to balance creative design.
In addition to minimizing wasted space and providing outstanding space usage, Purva Meraki HSR Layout is the best residential property in Bangalore. It is paradisiacal because of its expansive design, methodical planning, and top-notch amenities. The top residential developments in Bangalore will be praised for its luxurious facilities that are made to provide the best quality of life. For people looking for tranquility, joy, and optimism, it is a beautiful location. An excellent location in South Bangalore.
As a result, those who enjoy the outdoors should stay here. The Puravankara Limited creates a beautiful project in Bangalore in enticing methods that enables inhabitants to enjoy a lavish, comfortable life in Bangalore's lush surroundings. Bangalore's Purva Meraki HSR Layout provides top-notch amenities together with elegant features and services. In Bangalore, there are several locals and visitors seeking for real estate. Bangalore's residential developments are in high demand because of their excellent location, first-rate facilities, and stunning natural surroundings. As a result, living in a project will not only provide you a luxurious, active lifestyle, but it will also put you in close proximity to the natural world. So live now, don't put it off!
● A neighborhood of distinctive homes in one of Bangalore's most desirable neighborhoods, close enough to your place of employment to allow you to maintain the ideal work-life balance.
● The project comprises of two wings, each with eight stories and two opulent three-bedroom flats.
● Ultra-premium 4 BHK flats have their own private elevator lobby on a third wing that is exclusive for them.
● The facade combines characteristics of boutique architecture with modern design. Long, unbroken linear balconies run the length of the façade.
● Combining brick, glass, and wood finish elements has created a feeling of harmony while maintaining a warm and simple material palette.
● It is intended for each unit to receive enough of sunshine. All levels' apartments have great ventilation since they open on both sides of the façe.
● Since the corner units are intended to be open on three sides, they are highly attractive.