Construction Week: The ultra-luxurious homes UHNIs are demanding from real estate developers - MAIA Estates

Legal Disclaimer

The material contained in this website is provided for informational purposes only, and should not be construed as a prospectus or notice which is binding. By using or accessing this website, you hereby agree to be bound by the terms of this Disclaimer. MAIA Estates LLP (“MAIA LLP”) reserves all the right to add, alter or delete any material from the website at any time without notifying you. Nothing contained on this website constitutes a contract, booking, selling or an offer for sale or invitation to purchase a unit in any project of MAIA LLP and shall not be considered a legal offering under any law for the time being in force, under any circumstances. The contents herein comprises of general information and may not reflect current legal developments, verdicts or settlements. The contents on this website may not be definitive and can be modified in terms of the stipulations / recommendations under the Real Estate (Regulation and Development) Act 2016, and rules made thereunder (“RERA”). MAIA LLP is currently in the process of complying with RERA.

All plans, images, videos, soft furnishing/furniture, gadgets, equipment, product, building colours and technology displayed are representational only and do not form part of any agreement and are not legally binding on us. Photographs of interiors, views and the location are indicative only and may have been digitally enhanced or altered and do not represent actual views or surrounding views. The Developer reserves the right to change, delete or add any specification, amenity or plan mentioned herein based on site conditions and construction necessities without prior permission or notice. MAIA LLP makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, services, or related graphics contained on this website for any purpose.

Any action you take upon the information on this website is strictly at your own risk and neither MAIA LLP or any of its affiliates will be liable for any losses and damages occurred to you in any manner in connection with the use of this website or contents herein. In no event shall MAIA LLP be liable for any loss or damage including without limitation, indirect or consequential loss or damage arising from the use of this website. You are thus required to verify all the details of the project, with the sales team of MAIA LLP prior to buying any unit(s) in the project. You agree with this disclaimer without any qualification or limitation.


Construction Week: The ultra-luxurious homes UHNIs are demanding from real estate developers


Rishad Khergamwala, director, developments, MAIA Estates, on how developers are catering to this demand

Luxury real estate continues to soar as the demand for exclusive properties reach unprecedented heights. Whether it is a majestic mansion perched on a cliff, a sprawling estate surrounded by lush greenery, or a chic penthouse with breath-taking skyline views, these properties represent the pinnacle of high-end living. They offer an unparalleled lifestyle that goes beyond just the physical space, serving as an extension of the owner’s unique personality and preferences. With exclusive amenities and bespoke interiors, every element is designed to provide an experience that is both indulgent and aspirational. Moreover, the demand for luxury real estate is driven by a desire for security, privacy, comfort and convenience, especially in a world that is constantly changing.

The demand for luxury properties in India has experienced a notable upswing in recent years, driven by a variety of factors including expanding affluence, rapid urbanisation, and rising incomes. Additionally, the pandemic has underscored the vital importance of having a comfortable and secure home environment. Recent research reveals that roughly 18 percent of the total 3.65 lakh units sold in the top seven cities during 2022, consisted of high-end real estate units.

In the first quarter of 2023, at least 25% of the total 1.14 lakh units sold across these cities were priced at a minimum of Rs 1.5 crore. More than 60% of the UHNIs and HNIs surveyed in the study declared their intent to purchase a property, indicating that the demand for luxury real estate will continue.

Real estate developers cater to this demand by creating exceptional homes that embody the very essence of the residents’ lifestyle, and are constantly pushing the boundaries of what is possible. Below are a few ways of how we cater to this ever-growing demand:

Specifications: Premium brands and exquisite quality

To meet the discerning preferences of HNI’s and UHNI’s, developers dedicate efforts towards the various features of the properties they build. This entails using only reputed brands and ensuring that each residence conforms to the most elevated standards of excellence. Rather than simply prioritizing aesthetic charm, developers, like us, place a premium on substance by meticulously selecting materials to ensure that each property represents a sense of exclusivity, quality, and longevity.

Detailing: Functional, durable and beautiful designs

Real estate developers have raised the standards of architectural excellence by seamlessly blending practicality and beauty to create homes that are nothing short of spectacular. Every facet of these residences exemplifies meticulous attention to detail, encompassing both exceptional design and robust structural integrity. All homes are thoughtfully planned to optimise the utilisation of space, ensuring that they can withstand the relentless wear and tear of fast-paced lifestyles.

Progressive & versatile: Floor plans designed for customisation

Developers, including us, understand that discerning homebuyers seek more than just ordinary floor plans. This is why we offer high-end properties with flexible designs such as columnless living area and collapsible walls for greater flexibility and personalization of floor plans. Thoughtful space planning and tailored customization options ensure that homes are not only visually stunning but also highly functional, accommodating a wide range of lifestyles.

Inclusive amenities: Comfort for all

Inclusivity is paramount, with amenities thoughtfully designed to enhance the lives of all residents, including pets. Luxury developments feature cutting-edge technology that provide access to the latest facilities and features. A wide offering of amenities including rooftop infinity pools, spas, gyms, multipurpose courts, sprawling lawns amongst others showcase the developers’ unwavering commitment to building homes that symbolise luxury while prioritizing the overall well-being of everyone who calls them home.

Forward-thinking expansion: Future ready homes

As the technology landscape continues to evolve, real estate developers recognize the importance of staying at the forefront of innovation. To meet the needs of our clients, our properties are designed with an expandable services architecture that incorporates conduits allowing for seamless integration of new technology. Furthermore, ease of serviceability and retrofitting capability are considered during the planning phase to ensure that our homes remain technologically relevant for years to come. These forward-thinking properties are particularly attractive to UHNIs who value convenience and simplicity in their lifestyles.

Sustainable luxury: Designing for a greener future

Most real estate developers understand the significance of environmental sustainability in today’s world. To address this, homes are designed with a focus on eco-friendliness, utilizing materials like performance glass, implementing effective waste management plans, and ensuring proper water disposal to reduce carbon footprint. These homes also prioritize energy efficiency by maximizing natural light and ventilation. By embodying the buyer’s dedication to a greener future, these homes not only offer luxury but also provide a sense of environmental responsibility.

It is safe to say that luxury real estate developers have cemented their position at the forefront of the global real estate market by consistently raising the bar in their pursuit of excellence. From a strong focus on specifications, to the artful detailing and flexible floor plans, every aspect of their work is designed to cater to this audience.

Read more


Posted on

May 19, 2023