What is a luxury apartment?

My best friend lives in a luxurious flat, so I've always heard about it from him. Whenever I asked him what does luxury apartment mean, he used to tell me that a luxury flat is a high-end residence with all the amenities one could require or desire. He continued by telling me that it meets all the preferences of wealthy people or families in addition to the necessities of life. 

These apartments are usually found in places that are easily accessible to the city's popular medical centers, educational institutions, venues, and other establishments. He also informed me of the different types of luxury apartments that I have shared below.

What are Luxury Apartments Called?

Vidha Shukla has described luxury apartments in detail. However, no one mentioned the multiple forms of luxury apartment above. Hence, I have shared the various types of luxury apartments. They can be referred to by any of the following names:

• Penthouse Apartments -

  The building's top floor is occupied by this opulent apartment. It offers stunning views of the surrounding countryside and skyline. One of a penthouse apartment's unique features is its rooftop deck and balcony.

• Studio Apartments -

  These are commonly referred to as efficiency apartments or bachelor apartments.

• Condominium -

  It is a home that belongs to an individual in which several people live together in the same building. 

• High Rise Apartments -

  Due to the compact layout of homes in major towns caused by high population density, high rise apartments are primarily found in metropolitan areas. These tall buildings contain 2BHK, 3BHK, and 4BHK apartments.

• Duplex or Triplex Apartment -

  A triplex has three stories and is distinguished from duplex apartments, which have two stories and a common entrance with a private staircase leading to the first floor. 

Moreover, Aakarshit has already mentioned what makes a luxury apartment. Ultimately, a luxury apartment is the pinnacle of opulent living, offering its affluent residents a haven of luxury and sophistication.

I hope you got an idea of what is a luxury apartment called.

The term luxury explains a lot about what is coming ahead. Personally, I feel there are 6 cornerstones to define what is a luxury apartment.

1. Higher Convenience

2. Higher Comfort

3. Higher Standards of Living

4. Higher Price

5. Higher Privacy

6. Higher Amenities

Luxury apartments offer classy, and high-end living conditions with spacious rooms, top-notch interiors, host of exclusive amenities, gourmet kitchen and dinings, prime security and sometimes valet and concierge services.

Since I am obsessed with beautiful interiors, I keep on browsing things like what do luxury apartments include and oh my, I was amazed to see what all it offers. Swimming pools, private theaters, air conditioned everything, yes even the toilets. Some luxury apartments include private forest areas, backwaters, panoramic views, private gyms, private spa, etc.

Luxury apartments are usually situated in premium localities, however, these days you may be surprised to see that luxury apartments are finding themselves away from cities in the serene and silent locations. People want to invest in these luxury apartments to ‘find themselves’ or to go on private vacations.  

I hope now you know what is a luxury apartments and what all facilities the luxury home owners can enjoy.

Who doesn't dream of a luxury apartment? We all crave for a lavish home with top-notch interiors and luxurious amenities. Well, there are many luxury apartments in the real estate industry that exude luxury in the very first glance. These days, builders prefer to develop  luxury apartments as the demand is increasing day by day. I will take you through what is a luxury apartment and why are people choosing them.

A luxury apartment is a large spacious apartment in a posh location with premium amenities which gives a lavish lifestyle.

In metropolitan cities the demand for luxury apartments is high. People want to have fun and want to lead a healthy life, they just don’t want to stick four walls of their house. Here comes a luxury apartment as a solution to this problem with  numinous perks such as

1. Safety 

2. Comfort

3. Modern lifestyle

4. Better environment

5. Lounge area

6. Walk-in closets

7. Bars and kitchenettes

Now that we have a fair idea of what is considered a luxury apartment, let us see what are the important things to analyze while conducting market research for your luxury apartment:

One of the most important factors to consider when you invest your money in a luxurious apartment is located. Never compromise on the location of the property where you are going to invest. It should not be too crowded and the property should be at a location where you can enjoy all the luxuries and amenities along with basic necessities such as ATMs, shopping malls, theater complexes, hospitals, schools, etc. Consider the view from your property in your checklist as it is going to give a positive feeling in your day-to-day life.

The direction and build of your house has an impact on your life, so it is important to appoint a Vastu consultant before finalizing the property.

Do check the RERA carpet area of the property and also the actual carpet area of the property. The RERA Carpet area should be in a range of 1800-3200 square feet.

Amenities should also be on your top priority list before investing your money. As amenities is another version of luxury. Checklist of amenities:

• 24/7 water supply

• Power backup

• CCTV cameras

• Clubhouse

• Parks

• Kids playing areas

• Gymnasium

• Running tracks

• Swimming pools

• Fire safety 

• Lifts

• Security

• Plus things you want the most.

Check whether the property falls under RERA guidelines and also the property is approved by the legal development authorities.

These are some important factors to consider before investing your money in a luxury apartment. I hope you have clarity on the luxury property and what is the basic checklist for a luxury property.