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India has long since divorced the socialistic idealism held in high esteem through the pre-independence era. The infamous license raj gave way to a wave of opulence as capitalism tightened its hold over materialistic personal preferences. "In the 1960s, indoor comfort was symbolized by the electric ceiling fan. The next generation grew up in homes that had air-conditioned bedrooms, while today luxury is defined by splash pools, plunge pools and Jacuzzis, along with private gardens with hydrotherapy areas," says Sagar Chordia, Executive Director, Panchshil Realty.
Emerging as the leader of developing Asian countries demonstrated by a steady growth rate, India has a rapidly improving economy with tremendous potential to compete with global phenomenon. As the country rides high on the improving economy, real estate has emerged as one of the fastest growing sectors, according to business insight analysts Dun & Bradstreet (D&B) India. The company points to a healthy rise in demand in the premium housing segment, with luxury homes now a key focus area for developers.
As field experts observe, the Indian marketplace is beginning to understand and appreciate luxury, so there is a great opening for builders having a perspective on style and spoiling luxury. The definition of luxury homes in India has seen a sea change. With rising aspirations, the globe trotter consumer is seeking exclusivity and customization in every nook and corner of his home.
Yoopune is an astounding new residential development from global design brand Yoo, in the city of Pune- the satellite sister of Mumbai, the financial capital of the country. Set within an expanse of 17 acres including a five-acre rainforest, it promises access to a slew of exclusive services on its premises.
The expatriates also have a direct bearing on the upward trend in demand for uber stylish designer homes in India. Keener than ever before to come home to the comfort of high definition amenities, the NRI’s are aggressively investing in luxurious residential projects "Only a handful of builders today have both the knowledge and experience capital to enter into this segment and deliver a product that lives up to their promise. This makes the demand-supply gap wide, with demand exceeding supply," says Mr. Chordia of Panchshil Realty, Pune.
Panchshil Realty are Pune’s premium construction real estate development company. With a GDV of $2.5 billion under construction, they are known for creating stylish spaces that are intuitive, unique and in a league of their own.
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