With the steady growth in the number of High Net-worth Individuals (HNIs) in the country, the concept of luxury homes is becoming passé. This is primarily because these individuals are well-versed with the international standards of luxury, and hence, the real estate industry is trying hard to catch up with these expectations. It is this changing landscape that has prompted the rise of ultra-luxury homes.
These uber-luxury houses have wide panoramic views, high ceilings and the much-desired exclusivity that often gets lost in the hustle and bustle of big cities today. The rise in such residences has especially been witnessed in Bangalore, with its IT-driven market giving birth to and attracting several HNIs. The growth, in fact, seemed quite stable in comparison to other markets in the country, even during post demonetization period. The main reason for this has been identified as the fact that Bangalore’s luxury real estate market is driven by the end user. This is in stark contrast to the markets in the National Capital Region and Mumbai, where the luxury homes market is driven by investors and resultant speculation.
The variety of offerings in Bangalore is also commendable. It has an interesting mix of branded property and independent villas. As for apartments, imagine having a five-bedroom space spanning an entire floor, with an area of 8321 sq. ft., all to yourself. That’s the sort of luxury being offered by the Prestige Group, with Prestige Kingfisher Towers in Bangalore.
The development is built on 4.1 acre land area and has three towers. Every house is complete with wardrobes, centralized air conditioning, fully fitted kitchenette and a false ceiling. And, to reinforce the exclusivity, each residence has its own lift lobby, service lift area and exclusive access to the project amenities, like the swimming pool, gymnasium, badminton court, a lush garden landscape.
The definition of “luxury” has also long been abused by the Indian real estate market, and is hence being closely scrutinized by the ultra-rich buyers. For instance, apart from offering just one apartment on each floor, Prestige Kingfisher Towers completes its residences with a five car parking space. This is the sort of exclusivity that the HNI buyers are looking for, ensuring that their personal space is well-maintained, while still providing them with societal company and security.
Further, when it comes to ultra-luxury projects, the location plays a crucial role as HNIs still give considerable importance to prominent addresses or “pin code value” and are willing to pay extra premiums for these. Potential buyers want their houses to reflect their financial status and social standing. They want their homes to be their calling cards, and like any other luxury product, a privilege that can be passed on to the next generation. This is another aspect that Prestige group’s latest development doesn’t disappoint on.
The project overlooks the beautiful Cubbon Park and UB City, and is surrounded by the most happening places in the city. As for convenience, the towers are situated within one mile radius of facilities such as hospital, banking, ATM, petrol pump, bus station, school etc.
Prestige Kingfisher Towers, therefore, promise you a lifetime of uber-luxury experience, along with a sense of community in a primary location in Bangalore, all starting from Rs. 30 crores. Think that your search for your dream home might end with a house at Prestige Kingfisher Towers? For more information, you may visit their website, which contains all the details you might need to make one of these homes your own. If you want to know more about the Prestige Kingfisher Towers and their other projects, then add Prestige to your life.
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