Why are low-density projects becoming popular in India?
Low- Density Projects In India
The concept of luxury housing in India is evolving, and a fresh trend is emerging—low-density living. This means homes are designed with more outdoor space and greenery, making them feel spacious, calm, and close to nature.
Developers are now focused on creating projects that mix modern amenities with open, green environments, offering a peaceful lifestyle away from the rush and crowd of city life. This shift caters to homebuyers who value both luxury and the peace of nature.
What is a low density project?
A low-density project is a type of development where fewer people live in a larger space than in crowded urban areas. These projects often feature single-family homes or small buildings, with only 24% of the land built upon. Typically, there are no more than two homes per acre.
Low-density communities offer many benefits, such as more space for each home and providing residents with privacy and outdoor areas. They also focus on green spaces, bike paths, and public transport, resulting in less pollution. Additionally, these areas have access to open land and more places for recreation, creating a peaceful and healthy environment.
Need For Open & Green Spaces
Previously, luxury homes were all about opulence and grandness. But now, the trend is shifting toward homes with open, green areas that offer more breathing space. For example, in parts of Gurugram and Noida, properties with views of the Aravalli range and Yamuna River with greenery provide residents with a sense of calm and escape from city noise.
Developers design projects focusing on eco-friendly elements, combining natural surroundings with intelligent layouts and beautiful landscaping. This approach enhances the overall well-being of residents and the environment.
Benefits of Low-Density Projects
Low-density living is about more than just having more space. It's a lifestyle that promotes better air quality, leading to a healthier environment for residents. Imagine waking up to the sound of birds, the rustling of leaves, and breathtaking sunrise views. This living provides a quiet escape from the messy city life, creating a personal haven where people can relax and enjoy nature's beauty.
Rising Investments in Luxury Homes
The demand for luxury homes in India is growing, fueled by the increasing number of High Net-Worth Individuals (HNIs) and Ultra High Net-Worth Individuals (UHNIs). As India's economy grows, more people are gaining wealth and choosing to invest in luxury properties.
Additionally, there has been a rise in investments from Non-Resident Indians (NRIs), contributing significantly to the real estate market. Some estimates suggest that NRIs' investments in Indian real estate may reach 20%.
Growing Wealth and the Luxury Housing Market
According to The Wealth Report 2024 by Knight Frank, India saw a 6.1% annual increase in its UHNI population in 2023, reaching 13,263 individuals. By 2028, this number is expected to grow to 19,908.
A significant portion of this wealth is likely to be directed toward luxury residential properties, boosting demand in the sector. Luxury housing has become a prime choice for those looking to invest their wealth.
Increased Demand in Delhi-NCR
Delhi-NCR cities such as Noida, Gurugram, and Faridabad is a significant market for luxury homes in India. According to CBRE Research, these cities accounted for 49% of the total luxury inventory in the first quarter of 2024. New luxury housing projects have significantly increased in these cities.
In Delhi-NCR, the number of new units rose from 705 in 2010 to 6,100 in 2023. This growth indicates rising aspirations and affluence among buyers, leading to more investments in high-end residential projects.
Conclusion: A Growing Demand for Green & Spacious Luxury Homes
The trend of low-density living, where residents can enjoy modern amenities while surrounded by nature, is gaining popularity and is likely to continue. This shift is driven by wealth creation, rising income levels, and the desire for a healthier lifestyle. Developers are now focusing on building homes with more open and green spaces, offering a unique blend of comfort, luxury, and nature.
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