Many of India’s renowned property developers, including ACE Group, confirm that a massive number of people are now considering investing in luxury apartments with facilities like heated pools, concierge services, clubhouses, vast green open spaces, multi-level parking, spas, etc.
These amenities add convenience and comfort to residents’ lives, allowing them to enjoy an enhanced lifestyle. When comparing luxurious apartment buildings with old independent housing societies, the latter undoubtedly falls short in providing a wide range of recreational services.
The sudden boom in India’s luxury housing market is the result of increased demand for large residential spaces after the pandemic. What’s important to note here is that an economic slowdown in 2019 halted the development of luxury residential properties, and the pandemic further fueled the decline in the housing sector in 2020.
Read More: The Astounding World of ACE Parkway
However, it seems that the industry is finally recovering rapidly with several renowned real estate builders in Noida indulging in the development of lavish luxury residential apartments with equally impressive amenities and designs.
Luxury Housing Market In 2022
Research by Anarock shows that 17% of all houses launched in 2022 had a selling price of more than Rs 1.5 crore. On the other hand, the development of affordable homes with a selling price of less than Rs 40 lakh declined significantly.
The demand for luxury residential real estate is driven by people having better affordability and wanting bigger spaces with equally helpful and entertaining facilities. Considering last year’s stats, there was a drop of 21% in the supply of affordable housing in the top 7 cities in the first three quarters of 2022.
In contrast, the total housing sales of apartments priced over Rs 1.5 crore doubled in the first half of 2022. It is safe to say that developers are noticing drastic changes since all their under-construction units of spacious and luxurious apartments are getting sold before launching.
Needless to say, the market for luxury housing will be the primary driving force in taking India’s real estate sector to its peak in 2023.
What this means is that investing in a modern and luxurious apartment in Noida will prove beneficial in the short and long run. Mainly because things are looking up for the country’s luxury housing market.
A Look Inside The Best Luxury Residential Apartments In Noida
A good thing about looking for Noida’s luxury property is that you’ll find so many of them across different sectors of the city. Plus, every property is equally grand and magnificent, spacious rooms, convenient parking facilities, clubhouses, and more.
ACE Parkway is one example of a lavish residential property in sector 150 Noida. It offers apartments and penthouses with all the amenities you want in your next home. Apart from providing 51 sports facilities, it also has a temperature-controlled indoor swimming pool to help you stay in the best shape of your life.
Another project that can make your investments worthwhile is ACE Divino. Now, this is a completely unique residential project in Greater Noida West. It has state-of-the-art security, modernised design, and all the amenities you expect from today’s luxurious apartment projects.
The quality of work that’s been done in the development of ACE Divino is commendable. Especially since the developers left no stone unturned in making this one of the best apartments in Greater Noida West.
In case you want to look at more options, consider adding ACE Starlit to your list. It is among the most exclusive residential properties in Noida Sector 152, with expansive homes, exquisite flooring, and a highly convenient location.
Think of a facility you believe a luxurious apartment must have, and ACE Starlit will already have it. This project is designed to meet the specific demands of today’s customers looking for the ultimate place to start their new lives.
So, don’t let the opportunity of investing in luxury residences slip through your fingers. Invest today in the hottest residential developments in Noida’s luxury property market.
For more information on ACE Group’s latest residential apartments in Noida, contact us.