Skyrocketing property rates in Delhi do not appear to deter several. Currently, growing number of users want to purchase posh houses with life style characteristics like swimming pools, jacuzzis, water fountains, plunge pools, gymnasiums, wi-fi outdoors etc. Mainly NRI, High Net-worth People (corporate czars, industrialists, politicians and so on) and institutions show interest in high-finish properties. This segment is swelling day and day and thus property developers are focusing on exclusive housing to cater to the demand of these buyers.
Such projects are coming up all over India, but Delhi NCR is the prime nucleus of such projects. India Bulls recently launched one such project referred to as Castlewood in south Delhi. This project will have 550 premium luxury apartments and promises all contemporary conveniences as per the international standards. A different such luxury project is called La Lagune. It is being created by the Suncity group and is situated at Gurgaon's Sector 54.
Interestingly, the Delhi genuine estate developers are also going out of their way to woo buyers for such projects. There are fancy scheme where an individual will have to pay decreased rates of interest on house loan till possession or builders are providing subsidized EMIs till possession. Recently, actual estate biggie Emaar MGF announced discounted rate of interest (three.5%) on residence loan till the user gets his possession in Palm Drive Terraces. This is Emaar MGF's posh-living project located on Gurgaon's Sohna Road. The developer has launched this scheme in collaboration with HDFC Bank. Normally the bank charges ten.25 per cent per annum for property loan, but is offering this discounted rate only for in Palm Drive Terraces property.
Other developers like Ashiana, Ansal API and Parsvnath offers such schemes but for middle-level housing. The promoters agree that such rebates act as triggers for buyers and therefore they are keen to tie up with economic institutions to offer you additional such services.
All these moves are an indication that this small but significant group of HNIs is a possible client base for high-end luxury housing.
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