- Hyderabad - Villas for 12 crores in Kompally by Omega Shelters.
Each villa spread over 4, 000 sq.ft to 16,000 sq. ft. A private
lawn laid over 1.3 acres
- Avalon Ranch, 198 luxury homes
- Shoryapuram - Ghaziabad. Stylish independent villas
- NRI's First City - ahead of Sriperumbudur at Mannur,
spread over 63 acres with 750 approved housing plots of 2,400
sq. ft and 1,800 sq.ft.
- NRI's Nest. 10 acres located near Thirumazhisai on
the Chennai-Thiruvallur Highway
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- Raj Aangan - promoted by the Rajasthan Government
and the Siddha Group. A 141 acre secure, landscaped and tree-lined
township of 303 exclusive luxury villas, on the outskirts of
Jaipur. On offer: Rajasthani Haveli, European Villa and Contemporary.
Optional extras include swimming pool, jacuzzi and gardened
lawns with modern watering and lighting systems.
Mumbai, Bangalore, Goa, Cochin, Greater Noida..the list is exhaustive,
and just the tip of the iceberg. Urban India is moving from modern
to luxury, to super luxury and premium residential properties,
leaving investors breathless and real estate developers groping
for superlatives in now attracting the coveted non
resident Indians.
Developers are coming up with innovative ideas to market their
products. ATS Developers organized road shows in the US,
UK and Dubai last year and garnered 300 bookings for their various
projects. Dreamland Projects keeps its customers up-to-date
with regular posts on the stage of construction of their dream
homes.
The Sahara group engaged in several rounds of conversations with
high-end customers before they designed Sahara Grace
in Gurgaon. Similarly, Gera Properties patronized niche customers
on their dreamhomes when they designed the Skyvilla Project.
Growing at 25-30 per cent, luxury housing has already grabbed
10 % of the housing market in value terms. Prices of these apartments
have reached dizzying heights. Skyvillas in Pune upwards
of Rs. 6 crore, Mantri Developers offering at Rs. 10 crore, Omega
Shelters in Hyderabad for 12 crore, Signature Island
in Mumbai between Rs.10-15 crore, Ivy in Gurgaon between
Rs. 8 to 10 crore. Nothing less than Rs.2-3 crore is labeled "premium"
in the major metros anymore.
Striving to serve the ultimate in luxury, developers will be
tested on their delivery only when these projects get completed,
as most of these are still under construction. But till then,
NRIs are content to dream of the exclusive lift, the private swimming
pool, the jacuzzis and the massage chairs awaiting their return.
