The key parameters to be
verified.
What are the factors that set a
luxury project apart?
Floor-to-Ceiling Height :
This is one of the most
important parameters to evaluate a project’s true ‘luxury’ value. If the floor
to ceiling height is less than 12 feet, the luxury feel is severely
compromised. Moreover, apartments with low ceilings do not lend themselves
optionally for tasteful interior decoration.
Project Density :
This means the number of people
living in the project. It is generally understood that a one acre project
should not house more than 60 families. Anything more means that the project
does not qualify as ‘luxury’. This is because the available amenities are
shared by too many people, destroying the project’s ambience, exclusiveness,
convenience and charm.
Parking :
Again, there is no specific
yardstick. The commonly followed norm is that the number of bedrooms in a
project should equal the number of available car parks. A 3 bedroom apartment
should therefore have three parking spaces within the project. Though many
luxury projects in the larger cities now offer puzzle type mechanized parking,
the fact is that HN1 buyers and tenants actually prefer normal or stack
parking.
Elevators :
The mere provision of branded
elevators does not suffice in a luxury project. The project must also have
service elevators with separate entries, to ensure that domestic help and
external suppliers do not populate the elevators and lobby being used by
residents. Investors must also ensure that the elevators are spacious enough to
accommodate a stretcher.
Security :
Inhabitants of a luxury project
do not expect to have to install ugly security grilles over their front doors
and windows. They expect to have the assurance that their families and property
are safe in all respects. A genuine luxury project has uncompromising human
security as well as electronic surveillance and safety measures firmly in
place. As is evident, it takes more than a mere word like ‘luxury’ to place a
project head and shoulders above the rest and thereby make it a worthwhile
investment option.