As the name suggests, luxury housing caters to the wealthy who have a preference for top-class amenities and facilities. Conversely, the budgeting housing caters to the middle and lower-middle income bracket of society.
With a reinvention of real-estate in recent past, the housing segment has gained grip among the buyers. The predilection for luxury has been driven by the improving economy, changing lifestyle, and higher disposable income. With the shift in interests and mindset of the buyers, the luxury has become achievable for many.
The luxury segment offers a lot beyond your thoughts. Amenities ranging from an ambiance, private elevators, a golf course, branded/theme-based home; the segment is on a surge. Both, the luxury and budgeted home segments have a different audience to target. The former targets the businessmen and the salaried class where the affordability can take place with all the contemporary luxurious facilities.
While the budgeted apartments cater the basic necessities of a family! It is equipped with proper ventilation, flooring, roofing, power connection, etc. These are further categorized in two – furnished or semi-furnished. The former offers the proper furnishings in each and every room, the latter offers few furnishings such as cabinets or primary woodwork.
Actually, it all depends on your pocket and future consciousness whether you can afford the facilities or want to secure the future while restricting undue expenses.
Both the luxury and budgeted apartments are viable to meet your basic requirements. The luxuries ones undoubtedly are exclusive, unique and extremely desirable in several ways. It’s accessibility to hotels, restaurants, shopping malls, parks, and sports complexes also add up to its worth. You can choose to have mountainside view, countryside, and lakeside or park side view apartment as well.
The luxury home buyers want the things considerably on a bigger scale. On the other side, the budget home buyers are satisfied with elementary security, day-to-day maintenance, and basic fittings and fixtures. For the luxury homeowners, there are luxury Flats in Mohali that provide a comfortable, convenient and enriching experience. They acquire round-the-clock digital surveillance of the premises, smart security features, and other tech-friendly services.
Obviously, that’s why the luxury apartments cost a bit more than budget homes. But thanks to our volatile economy that has impacted significantly in making luxury homes more affordable than ever before.
Our closing verdict reveals that it is quite safe to say that both the types of apartments are popular among the masses. It is surely advisable to take an inclusive market analysis before embarking on a real estate property purchase.
Having a home is an achievement no matter what is it – luxurious or budgeted.