Tuesday, September 30, 2014

Is Luxury Resides in High Rise tower ? The changing definition of luxury in Real Estate Projects of Noida.

Mumbai the commercial capital of India having very old history of apartment culture. As Mumbai settled and grown in island and archipelago ,  so here always a predicament of land and which lead to development of high-rise towers. The structure of new millennium proved that luxury resides in high rise towers. There are many new concept came into existence in the field of real-estate and the concepts are related to elite livings and luxury, Duplex and high-rise villas are the part of these kinds of development to give new frame of luxury. In the following lines we are going to discuss the new concept of luxury in high-rise towers in Delhi-NCR.
As we have seen how Mumbai has changed the line of luxury in high rise towers due to lack of land for further development while the region of Delhi-NCR spreading all the directions. So got less opportunity to make high rise residential towers. But in last five years the region of Delhi-NCR also focused to develop high rise towers and the new concept of luxury is on the verge of shifting from low rise apartments to high rise apartment. People are showing more interest to buy these kinds of residential apartment. Recently there are some big companies of India have stated their high rise projects which have most modern options of luxury and incredible architecture. Brys Buzz has recently launched the tallest tower project in sector-150 Noida. It can be said that now luxury is shifting to high rise towers which resulted to this kinds of residential apartments.

Now we are going to discuss the relevance of this kinds of high rise towers in Delhi-NCR. In this regard development in Mumbai then we get that Mumbai has limited options of land while Delhi-NCR has huge land area for development. As we know Gurgaon is also an integral part of NCR and Gurgaon is spreading to Dharuveda which is more than 50 Kms from Gurgaon central region and this part also comes under Delhi-NcR region while if we focus the Noida region the Greater Noida Yamuna Expressway, Taj Expressway etc are part of NCR. So, there is huge land to spread and luxury still exits on the ground level. In Mumbai luxury shifted to high rise as we got it that due to lack of land. Now we are going to focus our attention that the region of Dehli-NCR has so much land area then why luxury is on the verge shifting to high rise towers. In this regard we have to understand CBD., the central Business Districts (CBDs ) are attracting these kinds of high rise residential apartments. People never want luxury at far distance, they want luxury at immediate vicinity of CBD. It takes huge time to develop any region as CBD. Many functional components play deep role to make any region CBD. It is time taking process to make any region as CBD. So, this kinds of aspects where economy and finances play major role to attract high rise towers.

In one way this is good news for countries like India that the high rise residential tower are result fo CBDs and this kinds of approach show that the growth of economy. It is expected that the region of Noida would get more high-rise towers with ultra-modern luxurious specifications. The kinds of approach and incarnation of high rise towers we are  seeing in Noida, the same was happened with Hong Kong & Singapore in past years, It is expected that the NCR will soon become the most developed economic landscape of world like Dubai, Singapore & Hong Kong.