Demand rises for luxury villas in Gujarat

Demand rises for luxury villas in Gujarat

Luxurious villa projects in Gujarat have been making their presence felt in the market for quite some time now. This does not come as a surprise to most market experts and realty players. Gujarat has been on the cusp of skyrocketing growth and development for a while now and demand for premium housing has been slowly but steadily rising here as a result. Gujarat’s business and manufacturing doyens in addition to well placed professionals and businessmen are steadily looking at acquiring fancy new addresses in place of luxury apartments or gated community residences. Villas have long been the prerogative of the ultra high net worth segment yet more and more individuals are now trying to break into this exclusive club. Developers in the super luxury segment never had it so good earlier and are pulling out all the stops to launch premium villa projects for discerning buyers complete with all creature comforts and innovative features.

Demand for luxurious villa projects in Gujarat is on the rise and this is a break from the conservative aspirational habits of the market earlier. Economic progress and growth has been unprecedented in the state, while several leading businessmen and professionals have been shifting to Gujarat from other Indian states. This class desires nothing but the best when it comes to personal residences. Additionally, several textile and diamond kingpins are now snapping up prime realty in the state and these factors have led to an increase in the demand for villas here. The NRI community is also investing actively in the state and many leading businessmen and professionals are looking at purchasing their own villas in prime locations. Purchasing power of the average customer has gone up significantly in Gujarat and so has overall affluence.

Multiple luxurious villa projects in Gujarat are now being helmed by leading developers and realty players. Rajhans Realty is a case in point with its designer villas in Ahmedabad which has been recognized as a Mega City. Several bungalows are also being developed in prime areas of Ahmedabad and these offer luxury amenities and conveniences to residents. Rajhans Feriado is one of the upcoming luxury villa project by Rajhans Realty. Additionally, these villa projects are being snapped up by prospective buyers faster, as the rates and land values are still lower in comparison to other major cities like Bangalore, Mumbai and Delhi among others. Improvements in basic infrastructure are also credited to the recent villa buying spree amongst the well heeled citizens of Gujarat!

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