Tag Archives: luxury property

5 Factors That Make Luxury Apartments Even More Luxurious

Luxury apartments are continuously reaching new heights with luxurious interiors, concierge services, in-house spas and Jacuzzis, home automation and much more. Kitchens equipped with fashionable gadgets and appliances, gardens transformed into a natural ecosystem and state-of-the-art entertainment zones.

Developers are putting everything together to meet demands of the ever-evolving base of luxury consumers, which gives a boost to the luxury housing market. Here are some of the factors that make luxury apartments seem to be even more luxurious.

Technology and Home Automation

Luxury homeowners today want it all when it comes to technology and builders strive to incorporate this tech-trend to meet the market demand. With a touch of a button on your smartphone, you can control your apartment’s climate, lock your doors, and control your alarm as well as the lighting system in your home. Technology has enhanced the security of luxurious apartments which alerts the homeowners of any intruders or perpetrators.

Luxurious Interiors

Modern décor and interior design enhance a spacious layout. The rooms are turned into striking displays with luxurious decorating materials, contemporary artworks and elegant home furnishings. Luxurious interiors enriched with creative artworks and home furnishing ideas are always unique, rich and exclusive. Most lobbies are furnished with braised leather and expensive items that create a bright and beautiful space.

Entertainment is essential for luxury living and one never feels to leave the comfort of their luxurious apartments. Homeowners further extend this trend with amenities such as indoor pools, indoor basketball courts, and lavish sports bars. Gaming and theatre rooms act as the primary source of daily entertainment with smart TVs installed in every room of the apartment.

Efficiency Of Design

Home luxury is defined by efficiency of the design and layout. Some of the top trends for residential landscape projects include sustainable and low-maintenance designs. Indoor and outdoor living starts with ceiling to floor doors that slide seamlessly into the wall, opening into the backyard. Masonry block construction walls in these apartments help to reduce the heating and cooling costs. The roofing is done with better insulation in mind. Some of the meticulous touches that go into the design of luxurious apartments include hardwood floors, and natural stones. Adding natural stones and wood elements give a natural and organic appeal to various rooms such as spa bathrooms, a spacious living room and kitchen, and many others.

Meticulous Landscaping

The inside and outside of luxurious apartments depict an origin of beauty and elegance. Its design elements express a wide scope of knowledge and variety. The meticulous landscaping in the entire compound is designed to evoke feelings of comfort, calmness, and simplicity when you are walking along the elegantly manicured pavements.

Living In A Gated Community

Gated community living promises a unique lifestyle which balances privacy, community and connectivity. Gated communities offer exclusive access to facilities such as swimming pools, game courts, club houses, gymnasiums and much more. With the advancement in technology, home automation systems and strictly controlled entrances make it much safer. A gated community has much to offer in terms of safety, facilities, neighbourly appeal and mostly a luxurious lifestyle. Luxury gated community apartments are built on lush and green environments. The natural beauty of such a home is maintained through grooming and extensive landscaping.

Home Flood Insurance

Home flood insurance is a necessity depending upon your location. If you live in an area that is prone to storms of all sorts and you are aware of the damage caused despite pre-emptive measures, then this type of insurance is a must. The NFIP or National Flood Insurance Program was established to provide insurance plans to those living in areas that are constantly at risk of water damage.

If the community or neighborhood you belong to is already part of the NFIP, you could sign up with the help of an insurance agent. If the community you are in does not have coverage, ask assistance or consult regional legislators on ways to transform it. As a homeowner, flood insurance is a good investment because you never know when nature could strike. This insurance is a policy that most homeowners neglect since they do not live near the coast or near large body of water. However, the climate is unpredictable so even if you do not live in these areas, floodwaters could still affect your home.

A flood insurance policy can avoid extra costs and future headaches. Make sure to research and evaluate the cost of flood insurance and what it covers, as well as your homeowner’s policy. While the NFIP helps people affected by water damage, the funds are limited and there is no guarantee that you will get enough to cover the cost of losses incurred. Furthermore, the President should declare the flooding to be a disaster. When you have a flood insurance policy, the insurance company will reimburse you of the losses you incur from the flood of the expenses on repairs due to damage caused by flood.

You have to present a list to your insurance provider of the damage in your home and they will take care of the rest. The last thing you need after a flooding occurs is to worry on how to pay your bills for the next month. That is why, regardless if your area is prone to flooding or not, a flood insurance is necessary because safety is always important. It would not be a good idea to wait until something untoward happens before you take action. Weigh your options well and decide if paying a small amount every month is worthwhile to protect your home and family. Keep in mind that when flood happens, it would be too late and you could end up paying for the damages caused by flood.

Without a flood insurance, there is a chance of facing a big risk that could seriously lead you to being broke during an inconvenient and unexpected time. Remember that our homeowners insurance does not cover flood damage and even a few inches of water inside your home can result to thousands of dollars lost. Flood insurance is available to homeowners and renters. Keep in mind that there is a thirty-day waiting period as soon as you purchase a flood insurance before it goes into effect, thus, it is important to have a policy as soon as possible before flood waters threaten your home and your family.

Luxury Condos Can Be Eco-Friendly, Too

These days, the ‘green’ label gets thrown around a lot. There’s no end to the list of things advertised as less harmful for the environment than their traditional counterparts. Far from following the trend, the housing industry has long been ahead of the curve. Residential development continues to sit at the forefront of this commitment to green building, with alternative insulation materials going mainstream, solar panels popping up on rooftops across the country, and water-saving technology becoming the norm. But while these additions and renovations can be great, many eco-minded homebuyers don’t realize just how efficient and environmentally friendly it can be to live in multi-unit buildings. Luxury condos are green by their very nature!

The Benefits of Population Density

The more that a single structural element, utility, or appliance can be shared, the more efficient it is. In a luxury condo, a shared wall does what two separate walls would in houses. That translates to half as much building material to construct the wall, whether it’s wood, brick, concrete, etc. It’s also common for utilities to be centralized in a condominium complex, meaning that the hot water heater serves multiple units, a far more efficient use of energy than heating multiple small water heaters. The same holds true for air-conditioning and heating, which benefit from scaling up and serving multiple residences. By combining these functions that would need to be replicated at each individual home, multi-unit homes maximize efficient use of building materials and electricity.

Space to Breathe

On the other side of the equation, minimizing sprawl by sharing structures and appliances leaves more room on the property for outdoor features. Luxury condominiums have a much smaller footprint, on a per-unit basis, than individual homes. This means that the grounds can be larger and more luxurious, with water features and even small community gardens that would not be possible on many small lots.

The Cutting Edge

While luxury condos are, by their very nature, environmentally friendly, developers are increasingly using multi-unit residential construction to push the boundaries of green living. This is owed, at least in part, to the overwhelmingly green values and trends displayed by young, hip urbanites. Young professionals have shown especially significant interest in the Leadership in Energy and Environmental Design (LEED) certification for buildings. LEED certification encourages developers to incorporate alternative energy sources like solar panels for electricity or hot water. Another LEED innovation is the use of so-called grey water systems to recycle sink and drain water into the landscape. This water-saving technology is especially popular in the arid West, where drought has forced cities in California and Arizona to mandate cuts in public water.

Today, many homebuyers are interested in spending on environmentally responsible housing choices. Whether it’s a first home or a retirement pad, more and more buyers should look to luxury condos as eco-friendly options.

Luxury Villas in Hyderabad

Residential real estate in Hyderabad is known for its huge higher-end luxury villas today. This cyber hub of India is flourishing well with its booming economy and NRI interest. Real estate developers are unleashing new concepts like theme based ambience to exploit the opportunities lying in the premium housing segment.

“Luxury villas in Hyderabad are designed by renowned architects and they follow certain themes such as ‘Spanish style Villas’ or ‘Italian architecture’, which really attract High Net worth Individuals (HNIs),” Anurag Maheshwari of hyderabad properties. Talking about the trends further, he said, “Under a themed project, everything from the construction material, fittings, accessories to the designing of the villa is converged to a particular theme and these villas are devised to meet international standards”.

The builders meanwhile are leaving no stone unturned to catch the attention of HNI, and NRI investors interested in Hyderabad properties. Take for instance the 100 per cent Vastu compliant higher-end villas by Landmark builders. The group after enjoying tremendous success of its ‘Fortune Villas’ have introduced this concept at its ‘Stepping Meadows’ project, near 8-lane expressway. These luxury villas in Hyderabad are designed very aesthetically and have duly caught the attention of foreign investors as they are equipped with all the comforts that HNIs expect, sources told.

Meanwhile, most of the villa projects in Hyderabad are surfacing up at the outskirt areas like Kompally and Kondapur. Developers are eyeing huge tracts of land that are available in these areas, and since the land prices are very low, builders are expecting handsome margins on their projects.

But the gold-rush has been translating into escalating price levels in these areas. According to the sources, land prices at the outskirts that were in the range of Rs 15,000 to 18,000 per square yard in 2006 have now shot up Rs 50,000 per square yard. The story does not end here. Hyderabad real estate experts forecast that the prices would increase further once the benchmark projects come to fruition.

Profiles of Timeshare Companies – Westgate, Wyndham, and Worldmark

Westgate resorts, with more than 10,000 timeshare units, is the third largest timeshare in the world. Westgate has over 400 owners and employs 6,500 people, says the Westgate website. The brainchild of David Siegel, Westgate was founded more than 40 years ago, nurtured from a garage business into an empire. Westgate has gone down into history as the largest privately owned timeshare in the world. One of the company’s proudest accomplishments is the building of PH tower, which, according to the company’s history, is the only timeshare tower connected to a casino in Las Vegas. According to the Westgate website, PH Tower will be worth over $1 billion when it is completed. Westgate also reports that the building will have more than 2,850 units.

Some of the other Westgate properties include Westgate Lakes Resort and Spa in Orlando, Westgate Miami Beach, and Westgate Towers, near Disney World in Orlando. There are also properties in Utah and Tennessee.

Wyndham Worldwide is a leader in vacation rentals and vacation exchange and ownerships. Properties range from resorts, and residence clubs to yachts. Wyndham’s vacation rentals has more than 200,000 units and 155 vacation ownership resorts. People who opt for vacation ownerships through Wyndham have the flexibility of staying in roomy condominiums around the world. There are about 820,000 owners. One of the highlights of Wyndham’s property collection is the Registry Collection, comprised of 160 high-end properties. According to Wyndham, it is the largest luxury property exchange. Destination properties are in Belize, Brazil, Canada, the Caribbean, Italy, Malta, Mexico, Portugal, Scotland, South Africa, Spain, and the United States.

Wyndham resorts is also a leader in vacation rentals, and according to company literature, Wyndham is the largest marketer of European vacation rentals. Some of the rental brands that Wyndham operates includes Canvas Holidays with campsite rentals, Cuendet, with villas in Europe, Hoseasons Group, with villas and cottages, Landal GreenParks, and Novasol. Wyndham resorts has been named one of Fortune Magazine’s Most Admired Companies in 2010.

Worldmark Resorts is a division of Wyndham and has 60 resort locations for vacation owners. Worldmark has both condominium-style accommodations and studios. The one and two bedroom condominiums are 60 percent larger than hotel rooms, Worldmark reports. Penthouse suites are also available to owners. Locations are in the continental United States, Hawaii and Fiji. Worldmark is also affiliated with another company, RCI and therefore can provide properties in the Caribbean, New York, Paris, Mexico, Australia, Ireland, Venice, Egypt, India, Hong Kong, China, Japan, the South Pacific, and the Cayman Islands.

Worldmark differs from other timeshare resorts because it offers its owners more flexibility. The point system isn’t tied to the size of the unit or the location, so timeshare owners can stay at any of the 60 resort locations at any time.

How a Luxury Home Rental Could Enhance Your Family Holiday

While staying in a hotel has its own benefits, if you’re going away for longer than a few days, renting a villa or holiday home will make your experience that bit more enjoyable. Not only will you have somewhere to rest your head after a day of sunbathing, swimming or seeing the sights, you will also have your own space to relax, cook and entertain in.

People often tend to steer away from renting private accommodation, fearing it will be too expensive and subsequently blow their budget. But think of all the money you’ll save by cooking your own meals in a vast and beautiful kitchen. Instead of dining out in pricey restaurants and spending money on entertainment, you can find it all inside a villa.

If money is no object, there are plenty of holiday homes that will provide extra services such as a chef to cook your food, as well as maids and butlers. These are optional and will come at an additional cost, but it goes without saying that hiring someone to care of your day-to-day chores will have a big impact on your relaxation and enjoyment levels.

Plus, if professional staff are taking care of your washing, cleaning and cooking duties then you will have more time to spend with your children and partner. This will enable you to truly take a break from the duties of your everyday life, letting you really switch off and unwind or spend more time exploring the local area as a family.

A villa rental is a great alternative for families who don’t want to stay in a hotel. Hotels typically provide little entertainment for children, and while there may be a family lounge available, you probably won’t want to spend all of your time in there. Plus, if you don’t want to eat out in restaurants every night, you may be stuck for an alternative.

What’s more, if you’re sharing a hotel room with your children, there will be little opportunity for you to spend time with your partner or friends once they have gone to sleep. By renting a holiday home with multiple rooms, you will have plenty of space to relax and entertain in, including vast dining rooms, lounge areas, stereo systems and even home cinemas.

What’s more, some luxury accommodation options include access to a pool that both you and the kids can play, swim or relax in. In some cases this offering may even extend to an outdoor bar or even a spa area. Some of the larger holiday properties may also include gyms, while others offer a full concierge service and waiting staff.

In order to truly reap the benefits of your surroundings, try to find a holiday home with a beautiful view. Depending on where you’re planning to stay, you may be able to find one up in the mountains or with an ocean view. Being able to enjoy these views will make your whole trip feel more like a break from normal life – something we all need once in a while.

A luxury rental will undoubtedly make your family holiday more enjoyable. You can rent houses, villas, condos and apartments – in some cases at a very reasonable price. Whether you opt for a small, two-bedroom property or something larger (villas can sometimes accommodate 8-10 couples) it will have a big impact on your trip.

Property for Sale and Rent – All About Property Agents

Property agents are professionals who help in connecting buyers to sellers in the property industry. Some of the property agents also do link up tenants to landlords for property rental.

How does a property agent earn money? He or she earns by linking up the two interested parties and charging them a commission when a deal is confirmed. For property sale, the commission is usually charged to the seller, whereas for rentals, the commission is charged to both parties involved in the transaction. How much does an agent charge? He or she generally calculates their fee as a percentage of the selling price and as part of the rental.

The seller of a property usually leave his or her keys with the agent so that whenever there is someone interested in it and wants to take a look, the interested party can contact the agent directly. This will save a lot of hassles for the owner.

A lot of home seekers like to seek out property agents for their good services, as well as getting properties quick. As the agents are very familiar with the real estate industry, it makes perfect sense to approach them to get an idea of the going rate for properties in that region. They will generally know the prices of various real estates of different types and at various locations in a particular region.

The real estate seller can possibly get a few thousands more for his or her property by using the sound advice provided by an agent. A good agent will analyze the needs of a home buyer or tenant and provide suggestions on what kind of home could be available to them within their budget. By servicing both the buyer and seller, property agents can earn commission by help selling the house, and if they make the buyer happy, they too can earn a good reputation and hence more businesses in the near future.

However, it is worth noting that property agents work on seller’s behalf. So, beware if they are trying too hard to sell a property. To find trustworthy agents, you can search on the Internet and locate website which lists properties in your region. For each property listed, there is usually an agent in charge of it. Some websites offer review and testimonials of the agents for the transactions that he or she has done. This will give you a rough idea whether the agent is trustworthy or just out to earn commission.

Libra Native: Combinations Giving Luxury, Wealth, Waterfront Property and Pleasures of Bed

According toBhavartha Ratnakar, a famous Sanskrit treatise on astrology, Saturn is the yogakaraka (the creator of auspicious combinations) planet for the Libra native; though being the lord two lean positions, third and six houses, Jupiter is also a yogakaraka.

For Libra ascendant, Saturn owns the fourth and fifth houses. Being the lord of the fourth house (Capricorn), an angle, Saturn forgets its evil or malefic tendencies, and the lordship the fifth trinal house makes it fully auspicious. Hence Saturn is the fully auspicious planet for the Librans. However, the auspiciousness of Jupiter-which according to the general rule of astrology forgets its auspicious nature due to ownership of the mildly evil third house (Sagittarius), and by ownership of the sixth house (Pisces) it becomes a functional malefic. But, Jupiter is exalted in Cancer, in the Mid-heaven, tenth house-most important of the angular houses-for the Libra native; therefore, it becomes capable of creating auspicious combinations.

The presence of Saturn in ascendant in exaltation, in the sign of Libra can raise the fortunes of Librans very high. Saturn is the significator of the sixth, eighth, tenth and the twelfth house, according to most of the treatises of Indian astrology.

Therefore, for a Libra native, it influences six houses, including the fourth and fifth. In one fell swoop, only one planet (which is otherwise considered a malefic for most others) makes six houses favourable to the native! What else can you want?

In addition, the presence of the Sun (own house-Leo) and Mercury (one step away from exaltation and own sign Virgo), brings together the significator (Sun) and lord of the ninth house (Mercury) of luck. If Venus, the lord of the first and eighth lord, is also in the first house then the stage is set for luxury (represented by Venus-own house-and Saturn, the owner of the fourth house); wealth through Saturn-fifth house-and Sun, eleventh house plus Mercury, ninth house, general prosperity; waterfront property Saturn (fourth house); and pleasures of bed through Saturn (significator of twelfth) and Mercury (the lord of twelfth).

Similarly Saturn in the fifth (Aquarius), Moon and Jupiter in the tenth (own house and exaltation, respectively) with the Sun in the third (Sagittarius) and Mercury-Venus in the fourth, can create a chemistry they can give all the four captioned goodies plus more.

Presence of the Mars (own house) and Moon (tenth lord-one step from exaltation) in the seventh, aspected by Jupiter in the third (own house Sagittarius), the Sun in the eleventh and Mercury and Venus in the tenth will give the Libra native luxury, wealth, waterfront property and pleasures of bed throughout life.

Luxury Apartments – The Next Big Boom

The unpredictable nature of the real estate business has seen a lot of highs and lows in the sale of properties. While many believe the real estate industry is in a bit of a slump across the nation, certain cities have been able to defy odds and post positive results.

In India, the city Kolkata witnessed an increase in the sale of housing units in the last quarter. The city saw a 32% rise in units sold when compared to Q2 in the year 2015, based on data collected from a realty research agency.

Other reports suggested that the real estate market saw a 17% rise in the sale of properties in all the eight metros combined. Researchers stated the reason for the growth in sales over the last quarter has been due to a drop in prices of projects.

Can luxury apartments be the game changer?

While real estate marketers have tried their best to build projects which cater to most, there are a range of projects coming up which target only a handful of clients. Luxury apartments and complexes are being built by real estate developers and these projects are extremely expensive compared to the other projects but with good reason.

Real estate marketers are bringing in top designers and architects from across the world to help design and execute these projects. Most complexes falling under the luxury category feature large sized apartments and duplex flats along with a range of great amenities.

Although expensive, luxury projects are seen as a jewel in the crown for real estate developers, something that can help them stand out from the competition and hopefully bring in a lot of revenue from sales.

Kolkata is also seeing its fair share of luxury projects being constructed. These projects are changing the landscape of the city thanks to its artistic designs. Even though the luxury market hasn’t been the bestselling segment in the city, there are high hopes for the projects.

Most regular apartment complexes feature 2 BHK and 3 BHK flats but luxury projects feature larger flats having 4 BHKs and a lot more to offer to prospective buyers. These flats, depending on the city, cost anywhere between 2 crores to 50 or 60 crores and take longer to sell than non-luxury apartments. Even a single flat sold brings in a large amount of money for the real estate developer.

While residents get the best facilities and cherish the grandeur of living in these luxury apartments, it still is a risk for the real estate developer – the flats can stay unsold for long periods of time. In an industry which has so many projects coming up, the need to have a project that gives the developer a unique identity is of the utmost importance. Since the rewards for building a luxury project outweigh the risks involved, it should lead to an even greater number of such projects coming up in the future.

What is Fractual Ownership and Why is it Popular for Buying Luxury Items?

Fractual or fractional ownership is the hottest new approach to buying luxury items that an individual would not otherwise be able to afford.

Fractual (fractionally actual) ownership allows a group of individuals to purchase a percentage of real estate, luxury car, resort, vineyard, restaurant, jet, yacht, artwork, or even a fine Rolex. Fractual owners or investors reap all the benefits of ownership, but their investment expense is also smaller so they can afford a larger home, yacht, or several watches.

How Fractual Purchases Work

Luxury homes, condos, and exotic vacation homes are the most popular items for fractual ownership. Typically, the title or deed is divided into shares and those shares are then purchased by a group of investors, usually numbering between four and twelve, sometimes as many as fifteen. A management company is often employed to maintain the property and manage the investment. In some arrangements, the owners actually hold shares of a mezzanine structure or company that in turn owns the assets.

Most fractual properties are set up with an ownership agreement or contract that includes some fees to cover the cost of managing the property, details for usage for each owner, and various other guidelines for renting out one’s share or selling it as well as do’s and don’ts for the property. Some groups are formed among friends or family members working with a lawyer to set up the contract. Others are strangers working through a fractual development company or broker. Either way, a sound, clear and concise agreement is key to ensuring a carefree and hassle free investment. And similar agreements can be created and put into place for fractual purchases other than real estate.

Advantages to Fractual Ownership

Although it may sound like a new name for timeshares, fractual ownership is not the same as a timeshare. In a timeshare situation, the purchaser only owns “units of time,” not the property. Additionally, much of the cost of a timeshare, up to 50%, pays sales commissions. Because timeshare ownership is not linked to the property combined with the fact that they have faired poorly in the secondary market, the value of most timeshares have experienced a marked depreciation of their value.

Fractual ownership of a property entitles owners to usage rights but since they own a fraction of the title and deed, their investment increases in value as the property appreciates. Fractual owners are also eligible for any tax advantages associated with owning the asset. Banks and mortgage companies often treat fractual purchases as second-home purchases making it easier to finance them. Lastly, fractual shares in a property or assets can be transferred or sold fairly easily.

Fractual ownership is growing in popularity for other high-end items including jets, yachts, real estate and jewelry. Many of these opportunities are found with companies online. The Internet has opened up markets worldwide for buying and selling everything from abstract art to collectible figurines to fine jewelry to ski lodges in the Alps or a condominium in Madrid. With the practice of fractual ownership, these investments are becoming available to more people with some degree of a disposable income.