The allure of bigger homes has taken the Indian real estate by storm. It is a significant move up in the lifestyle ladder.

India’s luxury real estate market has undergone a metamorphosis ever since it witnessed a surge in the early 2000s. However, a significant shift has been seen since 2020 and factors like bigger homes and connectivity infrastructure are driving the demand for luxury homes. Demand for uber luxury homes from HNIs and UHNIS, NRIs, businessmen, industrialists, startup founders etc. have given a boost to this segment.

Developers across Delhi-NCR and particularly in Gurugram have been developing bigger homes to cater to this demand. 4S Developers have launched 3&4 BHK uber green residences 4S The Aurrum in sector 59, Golf Course Extension Road. The project will not just cater to the bigger home seekers but also provide homes that will have Nature as important components, namely 270-degree view of the Aravallis, 80% open and green space, low-density living, expansive balconies, 2 apartments on each floor etc. in one of the tallest high rises in the region.

According to CBRE’s ‘Voices from India: How will people live, work and shop in the future?’ report, 42% of the respondents cited bigger home as the reason for moving in the next two years.

We will explore here the advantages of owning a big home, its impact on capital value, lifestyle and privacy.

Advantages of bigger homes:

• Bigger homes provide more space for homeowners to indulge in hobbies and indulgences like creating an office, personal library, gym etc. They also help create space for guests and some part can also be used for storage purposes.
• They provide more privacy and cuts down on the noise from the outside and makes the home feel like a private sanctuary.
• Bigger homes help homeowners to stay closer to nature and pursue hobbies like gardening. Nature is man’s closest friend and it not just helps in revitalising but also teaches attributes like patience and perseverance. One gets to feel and breathe fresh and have a positive aura in the home.
• Humans love social gatherings and bigger homes allow for social gatherings to accompany live music and recreation among other things.
• Bigger homes help beat the clutter and create space for every individual to enjoy their own space and time without crowding.
• The appreciation potential and rental value in bigger homes are higher. Such homes enhance the premium living experiences.

Backed by Data:

The CBRE report further highlighted that 30% and 26% of the respondent cited outdoor space and space to accommodate remote working respectively as the reasons for moving in. Health and safety were important considerations, too.

An Anarock data recently revealed that Delhi NCR has seen the highest growth of 96% in average flat size in the last five years, growing from 1,250 sqft. in 2019 to 2,450 sqft. in the first half of 2024. In fact, flat sizes rose by 30%, from 1,890 sqft by 2023-end to 2,450 sqft in the first half of 2024, essentially due to the increased new supply in the luxury housing segment in this period.

Conclusion:

Bigger homes not just have the luxury quotient attached to it but it also significantly enhances the lifestyle and capital value of the property. It also impacts the happiness and satisfaction levels by allowing individuals to move away from shared activities and enjoy own interests.