Boutique homes, a popular residential layout among the high net worth individuals (HNIs) has fast gained popularity despite restricted supply. The unique business model hasattracted several builders to develop homes in this niche segment.
The concept of boutique homes in India is in its nascent stage, with the promise of growth in the coming future. Several developers have started foraying into the construction of such residential units equipped with personalised luxury and a posh ambience, including state-of-the-art design and architecture. However, the exorbitant cost involved in developing a boutique home has limited the number of players in this segment.
WHAT ARE BOUTIQUE HOMES?
Boutique homes are residential structures that come coupled with innovative designs, flaunting a sophisticated ambience and architectural styles. Such residential units are being developed to cater to the needs of people looking for custom-made luxurious properties.
Boutique luxury homes tend to have top-of-the-line amenities such as private lifts and pools, jacuzzis, and multi-car parking. These homes are generally not huge in terms of area but offer personalised accessories, and are built as per the requirements of the buyers. Generally, there would be a total of 4-10 boutique units in a housing project, each built with ultra-luxurious specifications.