Luxury is a constantly evolving phenomenon,
and what is normal for one, might be a luxury to another. It is a matter of
perception and with no concrete definition, the concept is often vaguely
utilised.
Factors such as rising stress levels, fatigue
and traffic congestions along with rising purchasing power have led to a spurt
in the demand for luxury apartments.
Mumbai and its micro-pockets
The financial and business hub of the country
has considerable demand for affordable housing. One such micro-pocket is Juhu.
Located in the north-western part, Juhu is one
of the most upscale locality. Being surrounded by the Arabian sea, there is
considerable demand among home buyers for sea
facing apartments in juhu.
When looking at flats
in Juhu, there are certain important tips that one should keep in mind.
Important Tips to Consider
Know the Rates
The premiere factor to look at when buying a
home in Juhu is the Juhu property rates. The
average property rates and location specific property rates are likely to
considerably differ depending on its proximity to the Juhu beach.
Assessing the luxury quotient
When scouring through Juhu
apartments, one is likely to want to assess the luxury quotient. These
are judged on parameters, such as great view (sea view in this case), locality, quality, amenities and safety and
security measures.
The overall
luxury quotient can be broken down too, into categories such as “affordable
luxury” or “super luxury”, among others. These categories and the amenities
significantly differ for smaller units and larger homes, such as projects with 3 bhk flats in juhu Mumbai.
In addition to physical and social
infrastructure and connectivity factors, the locality is also home to a lot of
celebrities and renowned personalities, and this is likely to affect the luxury
quotient of available apartments, although indirectly (the neighbourhood factor).
Compare Prices
Buying a luxurious home comes with “emotions
attached”. Hence, before buying projects one must evaluate them on few
parameters and compare prices of the apartments in the vicinity.
This is not that simple! For instance, does
looking at 4
bhk flats in juhu with fewer amenities interests you more than 3 bhk
flats with more amenities?
Consult professional agents having local
market expertise
Consulting with professional agents with
market expertise helps as certain luxury projects that are not publicly
marketed, and are either “limited editions” or “by invite” become known to you.
Takeaway
Buying a home is one of the most challenging
decisions, given the financial complexions and social aspects involved. The
aforementioned tips do provide a kick-start towards your search.
Happy House Hunting!
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