Kutub Boringwala
Assistant Vice President and Commercial Head - Strategy Initiative at Kalpataru Limited
Beyond the Concrete Jungle: The Rise of “A-Grade Plotted Developments”
After Covid pandemic people are no longer confined to the city's core, discerning buyers are seeking solace and space in Peripheral areas of Mumbai. Karjat, Panvel, Khopoli, Alibaug, and Neral are witnessing an influx of leading developers such as Kalpataru, HOABL, and Godrej. These developers are introducing thoughtfully designed plots, ranging from 1200 to 4000 sq. ft., offering a blend of nature and modern living.
Lush with amenities Kalpataru Aria in Karjat exemplifies this trend. With a starting price of INR 1 crore+ and a remarkable 100% appreciation in recent years, this project has set a new benchmark for premium plotted developments in the Mumbai Metropolitan Region (MMR).
Luxury Redefined: “Ultra-Luxury Living Takes Centre Stage”
Mumbai is witnessing the arrival of a new breed of ultra-luxury residences. Fuelled by the influx of high-net-worth individuals (HNIs), these projects redefine luxury with a focus on modern amenities, sustainable living, and unparalleled exclusivity.
Expect to encounter residences exceeding ₹50 crore, boasting private pools, Luxury amenity at different levels. This segment has seen a significant 50% appreciation in recent years, with average per square foot prices soaring beyond INR 1.5 lakh / psft for carpet area.
This pursuit of elevated lifestyles extends beyond opulent amenities. Apartment sizes typically range from 3000 sq. ft. to 8000 sq. ft., offering ample space for comfortable living.
Exclusivity Redefined: Boutique Buildings in Prime Locations
For those seeking the ultimate in privacy and exclusivity, boutique buildings are gaining traction. Located in coveted addresses like Bandra, Pali Hill, Worli, Prabhadevi these buildings offer a select few residents an intimate and luxurious living experience. Apartments typically range from 5000 to 8000 sq. ft. in sizes, providing ample space for discerning homeowners.
A New Chapter for seniors: The Rise of “Senior Citizen Housing”
Senior citizen now constitute 11% of total population which is expected to get doubled in coming decade, several factors such as aging population, rapid pace of urbanisation, growth of nuclear families, loneliness among the urban elderly and migration of children to other cities and abroad compounds the demand, recognizing this evolving needs of an aging population, a new wave of senior living communities is emerging. Located in areas like Thane, Panvel, Pune, Bangalore and beyond, these communities are designed to cater to the unique needs of seniors, offering personalized care, including daily living assistance, medication management, and nutritious meals.
Beyond basic care, these communities foster an active and engaging lifestyle with recreational activities, transportation services, and on-site healthcare support, ensuring independence and a fulfilling life for residents.
Bình luận