At present, the outlook for the overall real estate market may not seem very positive, but the converse is true in case of the luxury housing segment. In India, this particular segment has certainly evolved over the years, with builders and developers surpassing the expectations of real estate investors. A couple of years ago, a coveted locality or address was sufficient to lure luxury home buyers. However, globetrotting Indians now have a taste of what defines world-class luxury; hence, they demand more than just a desirable address, and real estate developers are more than happy to oblige. This segment has attracted a lot of NRIs who not only want a plush home replete with state-of-the-art amenities, but also want an overall opulent lifestyle for which they are open to looking beyond bustling metropolitan cities like Mumbai and Delhi.

Kochi, Nagpur, Chandigarh and Coimbatore are some of the cities that offer this enticing combination. Kochi in Kerala is a particular hot favorite in the real estate market as it flaunts the potential Smart City tag given by the Government. The combination of solid infrastructure and connectivity benefits are the fundamental reasons behind a builder or developer’s choice of smart cities as a destination for high-end properties. With new projects in Kochi coming up in various areas of the city, the areas themselves are getting a facelift in terms of connectivity and infrastructure.

Prime localities in Kochi, like Marine Drive, mainly offer luxury multi-storey and water-front apartments, and villas designed by globally acclaimed designers and landscaping artists. This locale will also be in proximity to the newly proposed metro and railway station. Many of the upcoming projects in Kochi belonging to the luxury segment boast of world-class designs and amenities that don’t compromise on elegance and grandeur.

Luxury housing in India is undoubtedly slated to be the next big thing. Thus, it is advisable to be prudent and invest as early as possible to reap the benefits.