Real estate sales have experienced many ups and downs due to the unpredictable nature of the real estate business. Many people think the real estate industry across the country is in a bit of a downturn, but some cities have been able to overcome adversity and post positive results.
India’s city of Kolkata saw an increase in home sales in the last quarter. Data collected by real estate research agencies showed that the city saw a 32% increase in sales compared to the second quarter of 2015.
According to another report, the real estate market saw a 17% increase in property sales across all eight metropolises. Researchers attributed the increase in sales last quarter to lower project prices.
Can a luxury Flat be a game changer?
Although real estate marketers have done their best to build projects that meet the needs of most people, there are a variety of projects that target only a handful of clients. Luxury Flats in Thrissur and complexes are being built by real estate developers and these projects are very expensive compared to others, but for good reason.
Real estate marketers bring in top designers and architects from around the world to help design and implement these projects. Most of the complexes in the luxury category have a variety of amenities, along with large flats and duplex flats.
Expensive and luxurious projects are considered jewels by real estate developers, but they can stand out from the competition and make a lot of money from sales.
Kolkata is also seeing its fair share of high-end projects under construction. This project has transformed the city landscape thanks to its artistic design. The luxury market isn’t the city’s best-selling sector yet, but there are high expectations for the project.
Most typical flats complexes have 2 BHK and 3 BHK flats, but luxury projects have larger apartments available to potential buyers for 4 BHK or more. These apartments cost between 2 million and 50 million or 600 billion won depending on the city and take longer to sell than non-luxury apartments. Selling an apartment is a huge sum of money for a real estate developer.
Residents get top-notch amenities and appreciate the splendor of these luxurious flats, but it’s still a risk for real estate developers. flats can remain unsold for a long time. In an industry with many upcoming projects, the need to have a project that gives developers a unique identity is very important. More projects will arise in the future because the rewards of building advanced projects outweigh the risks involved.
Thrissur Builder, also known as TBPL is one of the leading builders in Thrissur. TBPL is in fact one of the first builders in Thrissur with an experience of more than 32 years and one who have made homes for more than 1800 families in these years. The Flats and apartments from TBPL are of utmost quality and durability and are in proximity to all city comforts.