Real Luxury Homes Focus on Open Spaces

As rapid urbanization creeps into the lives of millions, the major cities and metros across the globe have been starving for open spaces. This is especially true for cities like Mumbai, Bangalore, Hong Kong, Shanghai, New York, London and many more.

As real estate development evolves along with many other aspects of human living, the focus has shifted to saving space, every inch of it, in new constructions. The architects, interior designers, real estate developers have all been meticulously planning and re planning to ensure that every possible space is saved. The average sizes of apartments have shrunk consistently and the concept of compact homes has been accepted by almost all home buyers. These compact homes are now really small and there is no other option as the budget aspect in coveted locations is a priority more than the living space area.

So the scenario looks like this in most real estate developments today - Amazing amenities, clubhouse, gym, swimming pool, gardens, rooftop jogging, etc. The only downside is that while you are able to enjoy all these EXTERNAL amenities, the INTERNAL of your house has become just like a cage.

Luxury property developers across the globe have been now changing their approach to developing luxury homes. When a niche category like luxury housing changes its demands, the real estate developers have to take notice. Luxury homes are not only about exclusive amenities, concierge services, world class amenities, branded fittings, luxury interiors but ALSO majorly on the free and open space that is available within the home as well as within the gated community.
Let us take a look at a few major luxury transactions that have happened across India in the recent past.
Mr. Vijay Shekhar Sharma - Pay TM Founder has bought a  6000 sqft property in Golf Links, New Delhi in June 2017 for INR 82 Cr approximately.

Renuka Talwar, daughter of DLF chairman bought a spacious bungalow on Prithviraj Road for approximately INR 435 Cr.
VC Burman (Dabur Group) bought a property in Golf Links, New Delhi for around 160Cr INR.

Ajit Prabhu, chairman and CEO of QuEST Global, Singapore has recently bought a spacious 16,000 sqft residential luxury home in Four Seasons Private Residences at Embassy One, Bangalore for almost 50 Cr INR.

There is a paradigm shift in the way a luxury consumer now approaches buying a luxury home anywhere across the globe. By definition luxury in a way means owning something which is in limited quantity. It could be a limited edition watch brand, limited edition cars, limited edition planes or limited edition homes. As habitable space becomes limited on planet earth, the meaning of a luxury home by default is a home with a lot of space. Not everyone can have it and hence it is the new meaning of a luxury home. The rich and famous who can spend a fortune have realized that space is "limited" and hence they are ready to shell out great amounts of money to buy more space in prime locations because amenities and facilities are "common" now.

So every luxury property developer in any location across bustling cities, metros across the world has now also majorly started focusing on adding more open space in a home apart from creating a good structure, great personalized amenities and state of the art facilities. All the other things are expected but the luxury of space is the REAL luxury when it comes to luxury real estate today.

The ever-expanding urbanization and pressure on land has started deteriorating the quality of life across cramped city centers and suburbs. With most Indian cities reaching an unprecedented level of saturation, it is integrated townships that more and more home seekers seek, because of the lifestyles they provide.

The go-getters in today’s society are increasingly looking back to go back to nature in its purest form. That is the very reason that today many big ticket size homes are focusing on basic elements like natural light, ventilation that would provide great air throughout the day and also homes that are organic and real. The demand is for homes that feel and provide the essential human touch apart from being modern and contemporary. The freedom of space is one of the biggest freedoms one could have and it is only ironical that back to the basics is the new luxury today.