Demand for luxury biz service apartments zooms

The housing sector has maintained its upward trajectory in 2024 especially in luxury & ultra-luxury segment, building upon the success of the previous years - Aman Sarin, Chief Executive Officer, Anant Raj

Mumbai: Luxury business service apartments are witnessing unprecedented demand as professionals seek high-quality, flexible living spaces that cater to both their personal and work needs. In today's dynamic work environment, the convenience and premium amenities offered by these apartments are proving essential for productivity and comfort.

Talking to Bizz Buzz, Nikhil Sikri, Co-Founder & CEO of Zolostays says, “We've seen a significant uptick in interest and bookings for our luxury co-living spaces, reflecting a clear shift towards more sophisticated and adaptable living solutions among business travellers and remote workers.”

Zolostays aims to deliver a premium living experience by leveraging superior services, advanced technology, and robust community engagement. This approach sets it apart from unregistered PG accommodations that cannot match these features. Their strategy prioritises cleanliness, maintenance, and a seamless tenant experience through their app, which efficiently, he said.

Aman Sarin, Chief Executive Officer, Anant Raj, says, “The housing sector has maintained its upward trajectory in 2024 especially in luxury & ultra-luxury segment, building upon the success of the previous years.”

This continued growth can be attributed to several key factors, including the stability of interest rates, a favorable economic environment, and the rapid expansion of Infrastructure, particularly in major urban centers like the National Capital Region (NCR) and the Mumbai Metropolitan Region (MMR).

Anantraj has seen a superb presales in its high end township located in Gurugram including in our recent launch of ultra-luxury high rise group housing project called “The Estate Residences”. We plan to launch multiple projects in this category over next 12-18 months.

Given these favorable economic condition, supply scenario of luxury & ultra-luxury housing, we anticipate that the housing sector will continue to thrive, with strong demand persisting in the foreseeable future. Developers with excellent track records will benefit. This positive outlook reflects the resilience and potential of the real estate market, highlighting opportunities for investors, developers and homebuyers alike”.

Mohit Jain, Managing Director, Krisumi Corporation, says, “The robust sales growth observed in the housing sector, particularly in the high-end and luxury segments, underscores the enduring demand for quality residences that provide desired amenities and prime locations for homebuyers.”

As homebuyers increasingly seek properties that offer state-of-the-art facilities and a superior quality of life, developers who cater to these evolving demands stand to benefit significantly. The willingness of homebuyers to pay a premium for such housing projects reflects their recognition of the value proposition presented by these offerings.

Besides, the surge in demand for upscale residences is indicative of a broader societal trend towards prioritizing comfort, convenience, and lifestyle enhancement. In response to this evolving landscape, developers are leveraging innovative designs, cutting-edge technologies, and premium services to create residential developments that exceed traditional expectations.