Points To Consider While Looking For A Luxury Home

Buying a home is an emotional experience. While you are busy finalizing the financial details; at the base lies the emotional connect you have a house. This is all the more applicable in the case of luxury house. When it comes to luxury house, there are several parameters that need to be checked and worked upon. This article takes you through some of these parameters that need to be looked into before taking the plunge of buying a luxury flat.

Furnishing/Amenities Offered –

While a luxury home will have an escalated cost, it is essential to do due diligence of the furnishings (if any) offered. Also a buyer many a times expects some extra set of amenities to be available for the extra price that he/she is paying. Hence, it is crucial to find out the amenities that the house will/will not have and the same goes for furnishing.

Rate Offered v/s Resale Value –

While a luxury home comes at a higher cost, one has to also keep in mind the resale value the house will get in the future. A buyer may not have decided to sell the house in the future, however it is always better to understand the options available to a buyer before shelling out the steep cost of a luxury flat.

Financing Options –

A luxury home buyer has the required amount for purchasing the long cherished luxury dream home, however, he should still consider the finance options available to him to avoid going overboard. There could be sudden expenditures which can put a dent on the budget of a luxury homebuyer. In such a scenario, its best to get an additional amount of home loan sanctioned to have some cash handy in case of any exigencies.

Know Your Neighbourhood –

It is better to get to know the locality a luxury home is situated in along with the connectivity options. Most of the time a luxury house is in a prominent location with good connectivity, however, without generalizing it is best to do ones homework to understand better what the neighbourhood has to offer.

Qualifying all of the above requisites is Kharadi’s Tuscan Parkland from Kolte-Patil Developers Ltd in Kharadi which has good connectivity with EON IT Park, International airport. Tuscan Estate Signature Meadows has unique T-shaped towers with only 3 apartments on each floor. The towers are placed in such a way that they do not intrude into each other’s view, thus giving a good view and also good ventilation.

Tuscan Parkland is registered with RERA under Registration No. P52100018996 available at website: http://maharera.mahaonline.gov.in

Frequently Asked Questions

What amenities should I check before buying a luxury home?

Before buying a luxury home, verify the furnishings and amenities offered by the developer. Since luxury homes come at a premium price, buyers often expect additional amenities like clubhouse access, premium landscaping, and concierge services. Do due diligence on what is included versus extra-cost add-ons to avoid surprises.

Why should resale value matter when buying a luxury home?

Even if you do not plan to sell, understanding the potential resale value of a luxury home is crucial before investing. Location, developer reputation, amenities, and neighbourhood growth all affect resale potential. Knowing the resale options gives you flexibility and protects your investment against future market changes.

Should luxury home buyers still consider home loan options?

Yes, even luxury home buyers with available funds should consider home loan options. Sanctioning an additional home loan amount keeps cash handy for unexpected expenses or exigencies. It helps avoid going overboard on a single asset and preserves liquidity for other financial needs and emergencies.

How important is the neighbourhood when buying a luxury home?

The neighbourhood is critical when purchasing a luxury home. Research connectivity, nearby amenities, safety, schools, hospitals, and future development plans. While luxury homes are usually in prominent locations, doing your own homework on the locality ensures it matches your lifestyle needs and long-term comfort.

What makes Tuscan Parkland in Kharadi a good luxury home choice?

Tuscan Parkland by Kolte-Patil in Kharadi offers excellent connectivity to EON IT Park and Pune International Airport. Tuscan Estate Signature Meadows features unique T-shaped towers with only 3 apartments per floor, designed so towers do not intrude into each other’s view, ensuring privacy and ventilation.

Is Tuscan Parkland a RERA-registered project?

Yes, Tuscan Parkland by Kolte-Patil Developers is registered under MahaRERA with Registration No. P52100018996. Buyers can verify the registration and project details on the official MahaRERA website at http://maharera.mahaonline.gov.in before finalising their luxury home purchase.