Luxury housing is residences that offer a holistic approach to living. It usually shelters NRIs, and high-net-worth individuals and offers them an opportunity to elevate their lifestyles to extraordinary levels. This type of housing tends to provide a safe, healthy, and serene environment to its residents, which has also become the need of the hour as the new environment has created a demand for homes that prioritize well-being, and bring people closer to nature with ultra-modern amenities. This drive for luxury housing has led to the luxury real estate booming and the new age buyers have immensely contributed to this.
The luxury real estate market is dynamic, and a lot of new developments have emerged. The examples listed below showcase some of the most extravagant and luxurious residential properties around the world:
One Hyde Park, London
At the center of London resides an extensive residential and retail complex. It is among the world’s most exclusive and expensive constructions and has breathtaking views of Hyde Park. It has facilities that include a full-service spa, a 21-meter swimming pool, and a private movie theater. The development consists of 86 residential houses with initial prices starting at around 20 million and three retail units. With exceptional services in a great location, it epitomizes luxury living in London and continues to be one of the most-coveted destinations in the luxury real estate market.
Burj Khalifa, Dubai
It is the tallest man-made structure in the world and is situated in the United Arab Emirates. It stands as a remarkable representation of modern engineering and architecture and stands at a height of 828 meters. Luxurious residential apartments and penthouses with mesmerizing city views are positioned on the residential levels, which span from levels 9 to 108. The highest levels also have observation decks where visitors may take in stunning panoramas of Dubai and beyond. Valet parking, concierge services, indoor and outdoor sports facilities, jacuzzis, a fitness center, community gardens, and a leisure area for meetings and events are just a few of the primary features that the building provides to its inhabitants. Unquestionably, it is one of the most exclusive places to reside in.
The Peak, Hong Kong
It is situated at the highest point of Hong Kong Island and is also known as Victoria Peak. With their expansive floor plans, private gardens, swimming pools, and cutting-edge facilities, these rich homes, luxurious villas, and upscale apartments draw wealthy people and their families looking for a lavish lifestyle. Given that it offers its residents a tranquil and secure atmosphere and has become a symbol of prestige and success in terms of luxury housing in Hong Kong, and is a highly sought-after destination for people looking for solitude and luxury.
432 Park Avenue, New York
This skyscraper, one of the highest residential buildings in the world, offers 125 residences as well as a range of services for its inhabitants like as a private restaurant, a fitness center, and so on. With a height of 426 meters, it provides unparalleled views of Central Park, the Hudson River, and the skyline of the city. The apartments have massive windows and high ceilings, giving the residents a feeling of grandeur and space.
Factors including income inequality, growing urbanization, and globalization are blamed for the rise in luxury homes. Rich people look for unique, lavish homes that suit their lifestyle and social standing. The demand for luxury homes is increasing in large cities due to an abundance of wealth and economic activity brought on by rapid urbanization and globalization. Affluent purchasers looking for great real estate as a valuable asset are drawn to these cities’ cosmopolitan attractiveness and possibility for substantial returns on investment. In unstable economic times, luxury real estate has grown in popularity as an investment and a shelter for people seeking security and capital preservation.
As discerning buyers place an emphasis on holistic well-being and an elevated living experience, luxury housing and wellness have become inseparable components of upmarket real estate. Today’s high-end complexes seamlessly incorporate wellness-related features and services to meet the demands of its wealthy residents on a physical, mental, and emotional level. A focus on health-conscious amenities, including modern exercise centers, peaceful retreats, and eco-friendly building materials, has resulted from this paradigm change in luxury living. Additionally, luxurious houses provide meditation areas, rooftop terraces, and planted gardens to encourage rest and reflection. The incorporation of wellness in luxury housing is no longer a trend but rather an integral element of contemporary luxury living as the demand for well-being-oriented areas rises.
References:
- Parameswaran, S. (2023). Luxury Housing and Wellness. [online] RTF | Rethinking The Future. Available at: https://www.re-thinkingthefuture.com/architectural-community/a10375-luxury-housing-and-wellness/ [Accessed 20 Jul. 2023].
- Wikipedia. (2023). One Hyde Park. [online] Available at: https://en.wikipedia.org/wiki/One_Hyde_Park [Accessed 20 Jul. 2023].
- A blog about homes, trends, tips & life in the UAE | MyBayut. (n.d.). Living in Burj Khalifa: An Inside View – MyBayut. [online] Available at: https://www.bayut.com/mybayut/living-tallest-building-world-burj-khalifa-inside-view/ [Accessed 21 Jul. 2023].
- House, L. (2016). The Peak: Secluded Luxury High Above Hong Kong. [online] www.mansionglobal.com. Available at: https://www.mansionglobal.com/articles/the-peak-secluded-luxury-high-above-hong-kong-42153 [Accessed 21 Jul. 2023].
- Wikipedia Contributors (2019). 432 Park Avenue. [online] Wikipedia. Available at: https://en.wikipedia.org/wiki/432_Park_Avenue.
