International
Nannies on call, spas; India witnessing ‘mad rush’ for luxury housing
Published
3 months agoon
India’s DLF sold a $1 billion upmarket residential project in 72 hours while rival Godrej Properties is offering $3 million apartments to clients selected by invitation, two off-plan sales that are signalling a revival in luxury housing.
Property developers say spacey high-price apartments that come with add-ons like concierge services, spas, multi-level parking, large green open spaces and a heated pool have become the rage. There are no such amenities in the individual houses and old apartment blocks that dominate India’s cramped and crowded cities.
Many people want to upgrade their homes after the COVID-19 pandemic confined them indoors, industry executives say. Working from home has also led to a demand for larger apartments, supported by rising incomes and India’s growing number of nouveau riche.
DLF’s Arbour project in Gurugram near New Delhi attracted more than 3,000 applications for 1,137 apartments priced at $869,000 each, extremely high prices for the area. The booking centre was besieged by people queuing to buy homes during the project launch weekend in February.
“I haven’t seen such a mad rush in a decade,” said Prashant Thakur, head of research at real estate consultant Anarock. “The luxury residential market is on the path to revival.”
|
Workers install power lines inside a luxury residential project by Indian property developer DLF in Gurugram, India, February 28, 2023. Photo: Reuters |
Varun Arora, a 37-year-old investment professional, said he is looking to upgrade from his current rented apartment to the DLF development which he said he likes for its grand reception area, high-speed elevators and enough area to jog without having to leave the complex.
“Having a green, open, clean space with restricted access (to outsiders) is of supreme importance. You don’t want to run on the road. From a lifestyle standpoint that is paramount,” he said.
Supply of new luxury homes in India has been constrained in recent years, hit by an economic slowdown in 2019 and then the pandemic, which dampened sentiment in 2020 and forced developers to put brakes on new project launches.
Anarock data shows that luxury condominiums, defined as those selling above 15 million rupees ($183,000), accounted for 17% of all housing launches in 2022, touching an at least five-year high. And launches of once-popular affordable homes – those priced below 4 million rupees (around $50,000) – halved to 20% of the total in the period.
In all, a record 65,700 luxury units were sold in 2022, three times the previous year, with Mumbai, New Delhi and Hyderabad leading sales. In 2019, before the pandemic, 18,150 units were sold.
In Mumbai, Sugee Developers last week published front-page advertisements offering sea-view residences starting at $1.7 million in a development that will have an amphitheatre, landscape gardens and a sky deck lobby.
Godrej’s GODR.NS “Connaught One” project near central Delhi’s premier shopping district is offering apartments for $2-$3.3 million, on par with a good class bungalow in parts of the city.
“We are seeing more desire for larger spaces, lifestyle upgrade from founders of listed firms, startups, lawyers. We are getting more calls and as the available inventory is low, luxury properties are being sold quickly nowadays,” said Amit Goyal, India CEO at Sotheby’s International Realty.
Sotheby’s, whose most expensive India property listing currently is a $20 million bungalow in New Delhi, says 61% of surveyed high-net-worth Indians plan to buy luxury real estate this year, slightly lower than 67% last year.
Heated pool
India’s 1.4 billion people have a per capita income of just $2,300, but the country has more than 800,000 dollar millionaires. Knight Frank estimates India will have 1.4 million millionaires by 2026, 77% higher than in 2021.
What has also changed is the propensity of the wealthy to spend, after decades of hiding away riches in a country that was socialist and frowned on ostentatious living.
Mercedes sold a record number of high-end cars in India last year and luxury goods are in high demand too. Knight Frank data for 2022 shows 53% of ultra-wealthy individuals splurged on both luxury watches and handbags, compared with an average 41% and 9% in 2020, respectively.
At the DLF site on a recent Sunday afternoon, buyers and brokers finalised paperwork as waiters served meals that included quesadillas, pastries and Indian curries – unusual scenes in a city where most homes are sold by local brokers or by developers in no-frills offices.
Godrej meanwhile has pushed exclusivity for its development.
It set up space in New Delhi’s colonial-era Imperial Hotel where invited guests were shown 3D models of the project and videos that highlighted amenities such as a heated pool and nanny-on-call services.
So far, around 160 people were invited for a viewing and 17 of 46 flats sold in the eight-storey project.
“We don’t want to only sell this property but create a society of the most influential,” said Godrej sales manager Yuvraj Manchanda. “Millionaires and billionaires will buy this.”
India’s DLF sold a $1 billion upmarket residential project in 72 hours while rival Godrej Properties is offering $3 million apartments to clients selected by invitation, two off-plan sales that are signalling a revival in luxury housing.
Property developers say spacey high-price apartments that come with add-ons like concierge services, spas, multi-level parking, large green open spaces and a heated pool have become the rage. There are no such amenities in the individual houses and old apartment blocks that dominate India’s cramped and crowded cities.
Many people want to upgrade their homes after the COVID-19 pandemic confined them indoors, industry executives say. Working from home has also led to a demand for larger apartments, supported by rising incomes and India’s growing number of nouveau riche.
DLF’s Arbour project in Gurugram near New Delhi attracted more than 3,000 applications for 1,137 apartments priced at $869,000 each, extremely high prices for the area. The booking centre was besieged by people queuing to buy homes during the project launch weekend in February.
“I haven’t seen such a mad rush in a decade,” said Prashant Thakur, head of research at real estate consultant Anarock. “The luxury residential market is on the path to revival.”
|
Workers install power lines inside a luxury residential project by Indian property developer DLF in Gurugram, India, February 28, 2023. Photo: Reuters |
Varun Arora, a 37-year-old investment professional, said he is looking to upgrade from his current rented apartment to the DLF development which he said he likes for its grand reception area, high-speed elevators and enough area to jog without having to leave the complex.
“Having a green, open, clean space with restricted access (to outsiders) is of supreme importance. You don’t want to run on the road. From a lifestyle standpoint that is paramount,” he said.
Supply of new luxury homes in India has been constrained in recent years, hit by an economic slowdown in 2019 and then the pandemic, which dampened sentiment in 2020 and forced developers to put brakes on new project launches.
Anarock data shows that luxury condominiums, defined as those selling above 15 million rupees ($183,000), accounted for 17% of all housing launches in 2022, touching an at least five-year high. And launches of once-popular affordable homes – those priced below 4 million rupees (around $50,000) – halved to 20% of the total in the period.
In all, a record 65,700 luxury units were sold in 2022, three times the previous year, with Mumbai, New Delhi and Hyderabad leading sales. In 2019, before the pandemic, 18,150 units were sold.
In Mumbai, Sugee Developers last week published front-page advertisements offering sea-view residences starting at $1.7 million in a development that will have an amphitheatre, landscape gardens and a sky deck lobby.
Godrej’s GODR.NS “Connaught One” project near central Delhi’s premier shopping district is offering apartments for $2-$3.3 million, on par with a good class bungalow in parts of the city.
“We are seeing more desire for larger spaces, lifestyle upgrade from founders of listed firms, startups, lawyers. We are getting more calls and as the available inventory is low, luxury properties are being sold quickly nowadays,” said Amit Goyal, India CEO at Sotheby’s International Realty.
Sotheby’s, whose most expensive India property listing currently is a $20 million bungalow in New Delhi, says 61% of surveyed high-net-worth Indians plan to buy luxury real estate this year, slightly lower than 67% last year.
Heated pool
India’s 1.4 billion people have a per capita income of just $2,300, but the country has more than 800,000 dollar millionaires. Knight Frank estimates India will have 1.4 million millionaires by 2026, 77% higher than in 2021.
What has also changed is the propensity of the wealthy to spend, after decades of hiding away riches in a country that was socialist and frowned on ostentatious living.
Mercedes sold a record number of high-end cars in India last year and luxury goods are in high demand too. Knight Frank data for 2022 shows 53% of ultra-wealthy individuals splurged on both luxury watches and handbags, compared with an average 41% and 9% in 2020, respectively.
At the DLF site on a recent Sunday afternoon, buyers and brokers finalised paperwork as waiters served meals that included quesadillas, pastries and Indian curries – unusual scenes in a city where most homes are sold by local brokers or by developers in no-frills offices.
Godrej meanwhile has pushed exclusivity for its development.
It set up space in New Delhi’s colonial-era Imperial Hotel where invited guests were shown 3D models of the project and videos that highlighted amenities such as a heated pool and nanny-on-call services.
So far, around 160 people were invited for a viewing and 17 of 46 flats sold in the eight-storey project.
“We don’t want to only sell this property but create a society of the most influential,” said Godrej sales manager Yuvraj Manchanda. “Millionaires and billionaires will buy this.”
Source: https://tuoitrenews.vn/news/international/20230306/nannies-on-call-spas-india-witnessing-mad-rush-for-luxury-housing/71995.html
You may like
International
Japan PM Kishida evacuated unhurt after explosion at speech – media
Published
1 month agoon
May 1, 2023TOKYO – Japanese Prime Minister Fumio Kishida was evacuated unhurt after a suspect threw what appeared to be a smoke bomb at an outdoor speech in western Japan on Saturday, domestic media reported.
A loud explosion was heard, but the premier took cover and was unharmed while police subdued a man at the scene, public broadcaster NHK said. There were no injuries, NHK said, citing police.
“Police are investigating the details of the loud explosive sound at the previous speech venue,” Kishida said when he resumed his campaign speeches, in video broadcast by NHK. “I am sorry for causing many people to be concerned. We are in the middle of an important election for our country. We must carry this on together.”
Former Prime Minister Shinzo Abe, the longest-serving leader of modern Japan, was assassinated with a homemade gun last July while campaigning for a parliamentary election, shocking the nation and prompting a review of security for politicians, who routinely press the flesh with the public.
![]() |
Japanese Prime Minister Fumio Kishida attends his outdoor speech at Saikazaki fishing port in Wakayama,Wakayama Prefecture, south-western Japan April 15, 2023, in this photo released by Kyodo. Photo: Reuters |
By-elections in various regions for the lower house of Japan’s parliament are to be held on April 23.
The incident late on Saturday morning incident occurred at the Saikazaki fishing harbour in Wakayama prefecture, some 65 km (40 miles) southwest of Osaka city.
Kishida was being served local speciality seafood just before the explosion, media reported. News video showed Kishida looking behind him in surprise as shouts filled the area.
![]() |
A man, believed to be a suspect who threw a pipe-like object near Japanese Prime Minister Fumio Kishida during his outdoor speech, is held by police officers at Saikazaki fishing port in Wakayama, Wakayama Prefecture, south-western Japan April 15, 2023, in this photo released by Kyodo. Photo: Reuters |
A man identified by the Asahi newspaper as a staffer of the fishery cooperative grabbed a young man in a headlock as police swarmed the suspect and dragged him to the ground. Moments later, an explosion and cloud of smoke could be seen near where Kishida had been standing.
NHK video showed the thrown object, which appeared to be a metal cylinder.
NHK footage showed crowds running away as several police officers appeared to pin a man to the ground before removing him from the scene. The man appeared to be in his 20s or 30s, media said.
A representative of Wakayama’s prefectural police headquarters told Reuters he could not answer questions about the incident. Police arrested a 24-year old male suspect from Kawanishi city, Kyodo reported.
A woman on the scene told NHK that she saw an object flying overhead and “it gave me a bad feeling, so we ran away unbelievably fast. Then we heard a really loud noise. It made my daughter cry.”
Kishida is to host a Group of Seven (G7) summit in Hiroshima next month. Japan’s foreign ministry said after the incident there would be no change to the security plan for a G7 foreign ministers’ meeting starting on Sunday in the resort city of Karuizawa.
![]() |
A man, believed to be a suspect who threw a pipe-like object near Japanese Prime Minister Fumio Kishida during his outdoor speech, is held by police officers at Saikazaki fishing port in Wakayama, Wakayama Prefecture, south-western Japan April 15, 2023, in this photo released by Kyodo. Photo: Reuters |
![]() |
A man, believed to be a suspect who threw a pipe-like object near Japanese Prime Minister Fumio Kishida during his outdoor speech, is held by police officers at Saikazaki fishing port in Wakayama, Wakayama Prefecture, south-western Japan April 15, 2023, in this photo released by Kyodo. Photo: Reuters |
TOKYO – Japanese Prime Minister Fumio Kishida was evacuated unhurt after a suspect threw what appeared to be a smoke bomb at an outdoor speech in western Japan on Saturday, domestic media reported.
A loud explosion was heard, but the premier took cover and was unharmed while police subdued a man at the scene, public broadcaster NHK said. There were no injuries, NHK said, citing police.
“Police are investigating the details of the loud explosive sound at the previous speech venue,” Kishida said when he resumed his campaign speeches, in video broadcast by NHK. “I am sorry for causing many people to be concerned. We are in the middle of an important election for our country. We must carry this on together.”
Former Prime Minister Shinzo Abe, the longest-serving leader of modern Japan, was assassinated with a homemade gun last July while campaigning for a parliamentary election, shocking the nation and prompting a review of security for politicians, who routinely press the flesh with the public.
![]() |
Japanese Prime Minister Fumio Kishida attends his outdoor speech at Saikazaki fishing port in Wakayama,Wakayama Prefecture, south-western Japan April 15, 2023, in this photo released by Kyodo. Photo: Reuters |
By-elections in various regions for the lower house of Japan’s parliament are to be held on April 23.
The incident late on Saturday morning incident occurred at the Saikazaki fishing harbour in Wakayama prefecture, some 65 km (40 miles) southwest of Osaka city.
Kishida was being served local speciality seafood just before the explosion, media reported. News video showed Kishida looking behind him in surprise as shouts filled the area.
![]() |
A man, believed to be a suspect who threw a pipe-like object near Japanese Prime Minister Fumio Kishida during his outdoor speech, is held by police officers at Saikazaki fishing port in Wakayama, Wakayama Prefecture, south-western Japan April 15, 2023, in this photo released by Kyodo. Photo: Reuters |
A man identified by the Asahi newspaper as a staffer of the fishery cooperative grabbed a young man in a headlock as police swarmed the suspect and dragged him to the ground. Moments later, an explosion and cloud of smoke could be seen near where Kishida had been standing.
NHK video showed the thrown object, which appeared to be a metal cylinder.
NHK footage showed crowds running away as several police officers appeared to pin a man to the ground before removing him from the scene. The man appeared to be in his 20s or 30s, media said.
A representative of Wakayama’s prefectural police headquarters told Reuters he could not answer questions about the incident. Police arrested a 24-year old male suspect from Kawanishi city, Kyodo reported.
A woman on the scene told NHK that she saw an object flying overhead and “it gave me a bad feeling, so we ran away unbelievably fast. Then we heard a really loud noise. It made my daughter cry.”
Kishida is to host a Group of Seven (G7) summit in Hiroshima next month. Japan’s foreign ministry said after the incident there would be no change to the security plan for a G7 foreign ministers’ meeting starting on Sunday in the resort city of Karuizawa.
![]() |
A man, believed to be a suspect who threw a pipe-like object near Japanese Prime Minister Fumio Kishida during his outdoor speech, is held by police officers at Saikazaki fishing port in Wakayama, Wakayama Prefecture, south-western Japan April 15, 2023, in this photo released by Kyodo. Photo: Reuters |
![]() |
A man, believed to be a suspect who threw a pipe-like object near Japanese Prime Minister Fumio Kishida during his outdoor speech, is held by police officers at Saikazaki fishing port in Wakayama, Wakayama Prefecture, south-western Japan April 15, 2023, in this photo released by Kyodo. Photo: Reuters |
Source: https://tuoitrenews.vn/news/international/20230415/japan-pm-kishida-evacuated-unhurt-after-explosion-at-speech-media/72648.html
International
Fire in a children’s shelter in Brazil leaves at least 4 dead, 13 injured
Published
1 month agoon
April 30, 2023At least four people died and 13 were injured in a fire at a shelter for children and adolescents in Northeastern Brazil on Friday, the local fire department said.
Firemen were called to fight a fire at the Lar Paulo de Tarso charity institution in Recife, capital of the Pernambuco state, at around 4:20 a.m.
![]() |
A mattress is seen behind a civil defence tape outside Lar Paulo de Tarso shelter for children, after a deadly fire in Recife, Pernambuco state, Brazil April 14, 2023. Photo: Reuters |
A boy and a woman died at the site of the fire, the firemen said, while the other two victims died on the way to the hospital.
Recife Mayor Joao Campos offered his condolences on social media.
![]() |
Lar Paulo de Tarso shelter for children is seen with civil defence tape after a deadly fire in Recife, Pernambuco state, Brazil April 14, 2023. Photo: Reuters |
“The moment is one of pain and solidarity. … The NGO has been providing shelter to children and adolescents in situations of social risk for more than 30 years. We remain mobilized to provide full support in this very difficult time,” he said on Twitter.
![]() |
A burned area is seen after a deadly fire at Lar Paulo de Tarso shelter for children in Recife, Pernambuco state, Brazil April 14, 2023. Photo: Reuters |
Governor of Pernambuco Raquel Lyra also took to Twitter to mourn the tragedy.
![]() |
A burned area is seen after a deadly fire at Lar Paulo de Tarso shelter for children in Recife, Pernambuco state, Brazil April 14, 2023. Photo: Reuters |
“Pernambuco is in mourning with what happened this early morning in Recife. … Firefighters and police are already working, as well as our health teams. I leave here my condolences to the families of the victims in this moment of pain,” Lyra said.
At least four people died and 13 were injured in a fire at a shelter for children and adolescents in Northeastern Brazil on Friday, the local fire department said.
Firemen were called to fight a fire at the Lar Paulo de Tarso charity institution in Recife, capital of the Pernambuco state, at around 4:20 a.m.
![]() |
A mattress is seen behind a civil defence tape outside Lar Paulo de Tarso shelter for children, after a deadly fire in Recife, Pernambuco state, Brazil April 14, 2023. Photo: Reuters |
A boy and a woman died at the site of the fire, the firemen said, while the other two victims died on the way to the hospital.
Recife Mayor Joao Campos offered his condolences on social media.
![]() |
Lar Paulo de Tarso shelter for children is seen with civil defence tape after a deadly fire in Recife, Pernambuco state, Brazil April 14, 2023. Photo: Reuters |
“The moment is one of pain and solidarity. … The NGO has been providing shelter to children and adolescents in situations of social risk for more than 30 years. We remain mobilized to provide full support in this very difficult time,” he said on Twitter.
![]() |
A burned area is seen after a deadly fire at Lar Paulo de Tarso shelter for children in Recife, Pernambuco state, Brazil April 14, 2023. Photo: Reuters |
Governor of Pernambuco Raquel Lyra also took to Twitter to mourn the tragedy.
![]() |
A burned area is seen after a deadly fire at Lar Paulo de Tarso shelter for children in Recife, Pernambuco state, Brazil April 14, 2023. Photo: Reuters |
“Pernambuco is in mourning with what happened this early morning in Recife. … Firefighters and police are already working, as well as our health teams. I leave here my condolences to the families of the victims in this moment of pain,” Lyra said.
Source: https://tuoitrenews.vn/news/international/20230415/fire-in-a-children-s-shelter-in-brazil-leaves-at-least-4-dead-13-injured/72646.html
International
Peruvian archaeologists unearth 500-year-old Inca ceremonial bath
Published
1 month agoon
April 30, 2023LIMA — Archaeologists in the Peruvian Andes have discovered an Inca bathing complex built half a millennia ago, which they believe may have served the elite of the sprawling empire that once dominated large swathes of South America.
Found near the “House of the Inca” in the Huanuco Pampa archaeological zone in central Peru, local archaeologists believe that the bath may have served a religious purpose for high-ranking members of the Inca empire, which 500 years ago extended from southern Ecuador to the center of Chile.
![]() |
The remains of an ancient ceremonial Inca bathroom, discovered in a sector known as Inkawasi (House of the Inca), at the archaeological site Huanuco Pampa, are pictured in Huanuco, Peru April 5, 2023. Peru Culture Ministry/Handout via Reuters |
Luis Paredes Sanchez, project manager at Huanuco Pampa, said the structure was similar to “more hierarchical, restricted and sacred spaces within the Inca administrative centers, because rather than having a utilitarian or hygienic function, they also served for religious functions and worshiping ancestors.”
The “finely carved” bath averages some two-meters in depth, with independent pools and spillways and a central passage taking water into a drainage duct that divides the room into two small platforms, or “benches” for the Inca, Peru’s culture ministry said in a statement.
![]() |
Archaeologists work in the remains of an ancient ceremonial Inca bathroom, discovered in a sector known as Inkawasi (House of the Inca), at the archaeological site Huanuco Pampa, in Huanuco, Peru March 20, 2023. Peru Culture Ministry/Handout via Reuters |
The Huanuco Pampa archaeological site is part of the Qhapaq Nan project, a complex 25,000-kilometer-long road network that linked Ecuador, Colombia, Peru, Bolivia and Argentina. The road system was declared a World Heritage Site in 2014.
Peru is home to hundreds of archaeological sites across the country, including the Machu Picchu citadel in the Inca capital of Cusco, and the Nasca lines, massive designs drawn in Ica’s coastal desert region over 1,500 years ago.
LIMA — Archaeologists in the Peruvian Andes have discovered an Inca bathing complex built half a millennia ago, which they believe may have served the elite of the sprawling empire that once dominated large swathes of South America.
Found near the “House of the Inca” in the Huanuco Pampa archaeological zone in central Peru, local archaeologists believe that the bath may have served a religious purpose for high-ranking members of the Inca empire, which 500 years ago extended from southern Ecuador to the center of Chile.
![]() |
The remains of an ancient ceremonial Inca bathroom, discovered in a sector known as Inkawasi (House of the Inca), at the archaeological site Huanuco Pampa, are pictured in Huanuco, Peru April 5, 2023. Peru Culture Ministry/Handout via Reuters |
Luis Paredes Sanchez, project manager at Huanuco Pampa, said the structure was similar to “more hierarchical, restricted and sacred spaces within the Inca administrative centers, because rather than having a utilitarian or hygienic function, they also served for religious functions and worshiping ancestors.”
The “finely carved” bath averages some two-meters in depth, with independent pools and spillways and a central passage taking water into a drainage duct that divides the room into two small platforms, or “benches” for the Inca, Peru’s culture ministry said in a statement.
![]() |
Archaeologists work in the remains of an ancient ceremonial Inca bathroom, discovered in a sector known as Inkawasi (House of the Inca), at the archaeological site Huanuco Pampa, in Huanuco, Peru March 20, 2023. Peru Culture Ministry/Handout via Reuters |
The Huanuco Pampa archaeological site is part of the Qhapaq Nan project, a complex 25,000-kilometer-long road network that linked Ecuador, Colombia, Peru, Bolivia and Argentina. The road system was declared a World Heritage Site in 2014.
Peru is home to hundreds of archaeological sites across the country, including the Machu Picchu citadel in the Inca capital of Cusco, and the Nasca lines, massive designs drawn in Ica’s coastal desert region over 1,500 years ago.
Source: https://tuoitrenews.vn/news/international/20230415/peruvian-archaeologists-unearth-500yearold-inca-ceremonial-bath/72645.html

Europa League kings Sevilla beat Roma on penalties to win seventh crown

Yoga Song Khoe partners with Kamal Mana Academy to train yoga teachers

Stock market sees signs of rallies in second half

Vietnam among top three attractive destinations for RoK visitors

Firms hesitate to access loans due to weak consumption demand

Vietnam expected to become Asia’s electronics production hub: director

Major pharma firms report mixed Q1 profit results

Frasers Property records $6.8 mln revenue in Vietnam in 6 months

Foxconn acquires more land in Vietnam to add $100 mln

Standard Chartered lowers Vietnam’s 2023 growth forecast to 6.5%

First Vietnamese representative at a Winter Olympic

Da Nang museums attracting domestic visitors with free entry policy

Nom, nom, Việt Nam – Episode 76: Fried cheese sticks

In Sa Pa, ethnic children forced to peddle on streets in bitterly cold night
Nom, nom, Việt Nam – Episode 74: Huế beef noodle soup
Trending
-
Sci-tech-environment2 weeks ago
GIC-backed Vietnamese internet company VNG seeks $100mln in funding round
-
Sci-tech-environment1 week ago
Facebook, Zalo, and YouTube the most popular social media platforms
-
Sci-tech-environment1 week ago
Vietnam shrimp sector adopts tech in quest for clean supply chain
-
Business5 days ago
Vietnam will stick to 6.5% GDP target despite headwinds: deputy PM
-
Sci-tech-environment5 days ago
Vietnam EV startup powers Grab, Lazada delivery via battery ‘ATMs’
-
Your Vietnam3 days ago
Bát Tràng ancient pottery exhibited at Việt Nam National Museum of History
-
Sci-tech-environment2 days ago
Vietnam among world’s earliest in banking digital transformation: forum
-
Business3 days ago
Canada’s British Columbia opens new trade and investment office in Vietnam