Hyderabad, the capital of the newly formed Telangana state, is one of the biggest real estate markets in the country. In suburbs like Kokapet in particular, the city is witnessing high demand for premium commodities that promise top-class amenities, security, and lifestyle. Yet, misconceptions around ‘luxury real estate’ continue to exist among buyers and investors; let’s debunk five such false characteristics here.
Prime Location = Luxury
Prime locations like Jubilee Hills are often associated with luxurious homes. While this notion is partly true, it has turned into a stereotype in recent times. It’s crucial to understand that ‘luxury real estate’ primarily refers to the lifestyle it offers and not merely the address. A hot location surely helps but not exclusively.
In recent times, suburbs like Narsingi & Tellapur have been offering world-class infrastructure and larger spaces.
Luxury Properties—Always Overpriced
Of course high-end homes are expensive, but labeling the entire category as ‘overpriced’ is an exaggeration. Most luxury properties justify their price tag with imported furniture, curated interiors, and meticulous craftsmanship. This theory is particularly relevant in growing cities like Hyderabad, where cost per square foot is lower than that of Delhi or Mumbai.
Only the Ultra-Rich Can Afford Them
Not anymore! With flexible home loan plans and joint ownership options, these homes have become affordable to senior corporate executives, dual-income professionals, and even NRIs. If you think only the millionaires and celebrities can access them, you’re getting it wrong, my friend.
All Gated Communities Are Luxury Projects
If it’s gated and has a clubhouse, it’s a luxurious home. Not anymore! While gated communities were originally crafted for the well-off families exclusively, this notion is no longer true. Mid-range villas, designed for the upper middle class, often offer basic amenities such as play areas, parks, gymnasiums, and nothing more.
The Offer Poor Returns
Investing in high-end real estate projects is often termed ‘risky’ with the perception of poor returns. In growing areas like Puppalguda, the Financial District, and Neopolis, strategic investments in luxurious properties have shown strong capital appreciation and returns. This can be attributed to the ongoing projects like the Regional Ring Road and metro expansions.
To conclude, the definition of ‘luxury living’ is evolving. Gone are the days when a mere posh area or a high-rise apartment promised it. Today, luxury is centered around lifestyle, innovation, and future-ready living. Ready to explore Hyderabad’s trusted luxury living? Connect with our trusted advisor and take the first step in that direction.