The residential real estate market in Kolkata has changed immensely post-2020, especially in the luxury apartments segment. The homebuyers have reached a different phase of maturity due to lifestyle changes in Kolkata, resulting in a rapid growth in the market for modern living standards. For people buying flats in Kolkata, it is extremely necessary to understand these shifts to make informed decisions in this competitive market.
In this blog, we further discover the main factors that affect the luxury living in Kolkata after 2020.
The world pandemic transformed the attitude toward residential space. Several factors support this change:
Demand for Space and Connectivity
There has been a significant rise in the demand for space efficiency of flats because of the rise in the work-from-home work models after 2020. The homeowners seeking flats in Kolkata currently want homes with the support system of home offices with an overall adaptable living area.
Focus on Health and Wellness
The new luxury living flats in Kolkata have been incorporated with wellness provisions- green spaces, exclusive fitness centres, jogging, and gardens. Blended developments are those of aesthetic excellence but with health-sensitive infrastructure, which attract the top interest.
Technology Integration
Smart home functionalities such as automated access, energy-efficient systems, and high-speed internet infrastructure are no longer optional but expected features in luxury apartments in Kolkata.
Importance of Premium Location in Kolkata
Buyers are willing to prioritise developments in a premium location in Kolkata that offer both an upscale lifestyle as well as connectivity. There is also a great need for access to the business hubs, educational facilities, health care facilities, and shopping destinations.
The shift in buyer expectations for buying flats in Kolkata is measurable and multifaceted:
Spatial Priorities
New owners are now emphasising bigger square area, open space and a multi-purpose room which can accommodate both dwelling and working facilities. The idea of luxury has grown beyond the aesthetic finishes to imply the space utility, which favours the modern lifestyle.
Community and Lifestyle Facilities
The modern-day discriminating consumer desires some lifestyle facilities which would help them become a part of the community, like clubhouse amenities, outdoor seats, kids’ playing grounds, fitness centres and sporting facilities. Such facilities are mainly high in the services of the long-standing developers.
Safety and Security Features
Increased levels of security, such as surveillance, controlled access and touchless points of entry, have become necessities. These characteristics build on the sense of security, comfort, and exclusiveness that characterise luxury life.
Green and Sustainable Design
Buyers are more aware of sustainable practices of living. Energy saving projects, water saving systems, landscaped gardens and environmentally friendly construction standards are more and more popular.
Having a long history of residential development, Oswal Group has strategically aligned its projects towards the current demands of the luxury lifestyle in Kolkata. The example of three of its best-selling developments, Orchard Amritaya, Orchard Avaasa, and Orchard Ananta, is the development of upscale residential options after 2020.
Orchard Amritaya is transforming the definition of luxury in the city by combining expansive space with considerate luxury. The site of this project is on one of the best-connected parts of Kolkata, and thus perfect for buying flats in Kolkata that want to be conveniently located in a refined area.
The main attractions of Orchard Amritaya:
Orchard Avaasa is a direct reaction to the shift in lifestyle preferences. The trend reveals the characteristics of contemporary luxury apartment living, of space optimisation and abundance of amenities, in Kolkata.
Standout features:
Orchard Ananta is the epitome of luxury apartments among the residential properties of Kolkata. Placed as a dream statement, this project represents what buyers want to see: high-quality finishes and whole-of-life experiences.
Distinctive elements:
Premium locations have gone beyond the city cores of Kolkata to encompass well-planned corridors which provide strategic connectivity and a better living environment. The places surrounding new business centres, good educational facilities, and other efficient means of transport are experiencing an increase in demand for luxurious homes.
Residents and investors seeking flats in Kolkata now prioritise:
The site selection and positioning of Oswal Group projects showcase these criteria, which makes buyers have not only lifestyle value but also the ability to appreciate the project over time.
Future Prospects of Luxury Living in Kolkata
The trend of luxurious living in Kolkata is not going into a downward spiral. The market and analysts observe that aspirational home buyers are still driving the market where high-quality residential offerings are concerned. Key projections include the continued preference for spacious, well-connected developments and the incorporation of smart and sustainable designs in features. There is also a significant growth in demand for lifestyle-related facilities.
These trends align closely with the offerings in Oswal Group’s premier projects- positioning them as preferred choices for those buying flats in Kolkata in the years ahead.
While buying flats in Kolkata, consider factors like the project’s location, connectivity, layout, safety features, and amenities. In addition to that, consider future infrastructure development, the neighbourhood, and future value increase and then decide.
The ideal places where the best luxury apartments in Kolkata are located are mostly well-connected and premium neighbourhoods. You can find apartments from the Oswal group with modern infrastructure with lifestyle conveniences. Their projects are in the high-end areas with high standards of living and ensure better long-term returns.
Oswal Group has Orchard Amritaya, Orchard Avaasa and Orchard Ananta, which are both suited to luxury living. Such projects will provide generous space plans, high-end facilities, well-placed positions, and a carefully considered environment that is congruent with contemporary living standards.