Quality of life has become one of the essential criteria to base real estate decisions on today. This change in mindset has resulted in unprecedented growth in the luxury real estate. As per various reports, the luxury real estate segment in India grew by 21% in February 2021.

Equations

Most people equate with luxury with grandeur and space and thus it is not surprising to see the increase in demand in this segment. An emerging category that is increasingly gaining popularity is that of luxury service villas.

Maintaining the service villa

Service villas or service homes are the ones where you have an expert agency on board to help with the overall upkeep of the house or a villa. These are a bunch of professionals entrusted with the task of maintaining your villa for you and charge a fixed sum every month. Since these people are professionals, homeowners can trust them with the job and peacefully enjoy the extra space and luxurious lifestyle.

Remotely managed maintenance

The most significant advantage of outsourcing the housekeeping to experts is that one does not have to oversee while the experts do their thing. You could be in some other state or country, and the housekeeping staff will maintain the villa just as well, even in your absence. It also cuts down the time, and energy one would spend on finding the cleaning staff and then training them.

It is a common misconception that the cost of maintenance will go up if one opts for a serviced villa. However that is not necessarily true. There are many options available and people can opt for the package that suits them the best.

Long-term prospects

As service villas are maintained throughout the year by experts hence these fetch better resale value. In addition, if the owner wants to rent out these villas, they stand to gain a better rent from managed properties.

Rent it out

Another significant advantage of owning a serviced villa is that they are easier to rent out for commercial use if the homeowners want to rent it out. Villas are trending properties and homeowners can thus rent these out effortlessly when they are not occupied. So not only these villas fetch higher rent, but it is easier to find tenants for these properties, making them a smart choice for every savvy homebuyer.

CEO & Director Axis Ecorp, Aditya Kushwaha, has his fingers on the pulse of the real estate market in India. Axis Ecorp has continued to focus on quality of construction, timely delivery, and providing avenues for improving the standard of living for buyers.