Vinayak Realtech

Some endings are a beautiful start to great things. This line is apt for every field or aspect of life; we are saying it for the Future of the Luxury Real Estate industry.

The whole of 2024 was great for this industry, and in the end, it unlocked new heights. From 2024, luxury real estate was a trend. Data shows a 38.7% demand for luxury real estate in 2024 in India, and experts predict it will increase this year. Market research shows a 7% CAGR and 10% in residential property sales.

Therefore, the future of luxury real estate in India is bright and will flourish only.

Now as a home buyer or potential home buyer, you might think how can this trend affect you? Well, it can secure life forever, and it can be one of your best investments. If you are curious already, take a moment to read this blog.

Let’s start!

What is the Future of Luxury Real Estate?

As the name states, luxury real estate is about making the residents feel luxurious. It includes high-end technologically sound amenities and unique designs, but it is not limited to these two.

Luxury real estate also consists of factors such as overall appeal, location, technologically sound features, exclusive demography, and luxury features that come with the property.

This means you can get a flat or apartment in the middle of a city with updated amenities and top-notch security.

For example, if you want luxury real estate in Kolkata, you can go for any project of Vinayak Realtech.

They have multiple projects in the Newtown, Rajarhat area. It is the newest IT hub of West Bengal (meets the location criteria). With great connectivity with the rest of the city and law and order the place is ideal for living. Additionally, the location offers the best life amenities like top schools, colleges, hospitals, markets, etc.

You will get updated amenities like high-quality elevators, CTTVs, a swimming pool, a community hall, a well-equipped gymnasium, and a garden.

Moreover, the projects have unique layouts and excellent construction quality. These housings have been designed in a way that everyone gets a balcony, well-ventilated rooms, and ample sunlight.

In short, these projects are a blend of technology, comfort, and user-friendliness which denotes luxury.

What is the Future of Luxury Real Estate in Kolkata?

Now, as a citizen of this city, you might ask what is the future of luxury real estate in Kolkata. This is because the data given in the introduction part of this blog shows the trend in India. Let us inform you that the trend in this city is also similar.

Market research shows that the Kolkata real estate industry witnessed a 153% sales growth in 2024 than 2019. Only the first quarter of 2024 saw a 3 to 4% overall hike in luxury real estate sales than 2019.

According to industry experts, the growth will continue in 2025. Factors like urban migration, young business individuals in the field, economic growth, enhanced connectivity, etc are contributing to this constant growth.

Thus, if you are planning to invest in real estate, do it in luxury real estate right now to get the maximum benefits. Are you curious to know the queue of benefits? Keep reading this blog.

Why should you invest in the Future of Luxury Real Estate?

 Driven by high growth, luxury real estate is witnessing rapid investment growth, too. With a forecast of rapid growth, many people are buying apartments for investment purposes only. Here are some reasons why you should consider this idea-

High Returns

Due to the locational value, the property ensures a high return. For example, if you invest in the Newtown area, you will be able to get a tenant easily because of the growing employment in this area.

Also, as many companies are investing in this area, the property value is getting boosted. Therefore, you can sell it after a few years and give your bank account a blow.

Comfortable Life

Luxury real estate properties come with high-end amenities. These amenities ensure a comfortable life for you and your loved ones. Thus, you can live a peaceful life and ensure a better future for your family.

Tax Benefits

Often luxury real estate comes with significant tax benefits. Under Section 24(b), the buyer can deduct up to ₹2 lakhs annually for interest paid on a home loan for a self-occupied property. For rented properties, there is no upper limit.

Also, under Section 80C, the owner can deduct up to ₹1.5 lakhs annually for principal repayment on a home loan.

Safe Future

The luxury real estate properties come with top-notch construction quality. It ensures a hundred percent secure future for you and your family.

Additionally, your future generation can leverage locational benefits. It also makes their future secure.

Life Safety

The luxury properties always use locations that have good hospitals at nearby places. Hence, even if you face an emergency at midnight, you don’t need to be afraid.

FAQs: Future of Luxury Real Estate

How can I buy a luxury real estate property?

You can connect with Vinayak Realtech for this or you can search on the internet. However, take note, if you try to find out by yourself, you will require a lot of time. Thus, we suggest you get a broker for this. The broker will use their network to offer you a range of options within your budget and other criteria.

Do I need a lawyer to buy a property?

Having a lawyer to check property papers for you, enhances the security level. It ensures the highest legal protection for you. Hence, experts suggest to hire one. However, it is not mandatory, if you want, you can avoid it. 

Is buying a property in Newtown worth it?

Yes, buying a property in the Newtown area is worth every penny. The area is the newest IT hub of Kolkata and is witnessing rapid growth in IT. Thus, it provides real-time employment opportunities.

Also, the area has excellent roads, law and order, and other amenities. Thus, the area uplifts every aspect of your life.

Wrapping Up

The future of Luxury Real Estate is going to take over the market just like 2024. The future of this industry is all about growth and high value. Therefore, investing here is one of the best ideas ever. It assured you of high returns in this volatile market. Moreover, it contributes to diverse your investment portfolio which reduces the risk factor.

If you want to invest, connect with Vinayak Realtech now.