The view that the project’s residents have is also highly important. A project’s inside specs and amenities may be truly luxurious. However, if it faces a slum, a congested highway, a cemetery, or a hospital, its rental and selling value will suffer.
There is no universally accepted guideline for this criterion, however it is widely accepted that a one-acre project should not contain more than 60 families. Anything extra indicates that the project does not meet the definition of ‘luxury.’
In a high-end project, just having branded elevators isn’t enough. To ensure that domestic help and external suppliers do not crowd the elevators and lobby utilized by residents, the project must additionally have service elevators with distinct entrances. Investors should also make sure that the elevators are big enough to fit a stretcher in.
Residents of a high-end development do not anticipate having to place unsightly security grilles on their front doors and windows. They expect to be able to rest assured that their family and belongings are safe in every way. Human security, as well as technical surveillance and safety precautions, are all in place in a true luxury project.