Home Elevators redefining the landscape of Luxurious Living in India

Manish with over 18 years of experience, his expertise spans verticals like finance, operations, sales, marketing, amongst others. He possess strong conviction and desire to drive action and change. He is a visionary- who is constantly working towards a smarter, sustainable, and innovative future to take the company to the next level.

While elevating the essence of modern living, home elevators stand as a symbol of modernity, seamlessly integrating with a home’s design. These customised solutions are not only practical but also align with the visual appeal of a property, enhancing its value in the competitive real estate market. Premium housing including private homes and luxury villa segment in India has witnessed an unprecedented rise in both size and significance in recent years.

Increase in dispensable income and affluent lifestyle desired by young professionals, has led to massive growth in demand for villas in recent years. There are young UHNIs and HNIs professionals who are buying weekend retreats to escape the madding city crowds. Developers are lining up various formats of housing like penthouses, villas, bungalows within an integrated township as well to tap this burgeoning market.

A report from Mordor Intelligence highlights the surge in luxury real estate in India during 2023, fuelled by the increasing demand from affluent buyers. The market size is projected to be USD 38.02 billion in 2024, with an anticipated growth to USD 101.92 billion by 2029, boasting a remarkable CAGR of 21.81% within the forecast period (2024-2029).

The trend is gaining boom in major metro cities like Mumbai, Delhi-NCR, and Bangalore. A recent report from NoBroker reveals a substantial increase in villa demand, with Bangalore leading the way with a 32% surge compared to pre-Covid years, followed by Delhi NCR at 25%, Mumbai at 30%, and Hyderabad at 27%.

"Intelligent and efficient home elevators are poised to become an essential component of contemporary architecture, ensuring that the journey is just as noteworthy as the destination."

This evolving lifestyle not only defines new standards but also establishes a unique connection between home elevators which complements the home interior design along with luxurious homes and villas to emphasize the commitment to elegance. Through smart technology, these elevators distinguish themselves as established providers of innovation and connectivity. Moreover, passengers experience a sense of security through features like ARD (Automatic Rescue Device), which activates in the event of a power cut, swiftly transporting the elevator to the nearest floor to release passengers stress-free.

This surge in luxury trends pave the way for the alliance of smart IoT technologies in home elevators. This transformative integration reshapes the conventional understanding of vertical mobility, ushering in a new era of elevated living experiences.

"Modern home elevators prioritize visual appeal, introducing a sense of luxury and sophistication to the interior design"

Advancing Accessibility & Mobility Solutions in Homes:

Home e­levators enhance acce­ssibility and mobility in homes. The­y cater to different style­s and needs of modern home­s with eye-catching designs, various options, and a promise­ towards environmental sustainability. Moreover, the­y provide an unhindered living e­xperience for individuals of various age­ groups and abilities, guaranteeing e­asy reach to all floors within a home. Here are some of the features which shows the enhanced experience while installing home elevator in a home:

• Efficiency & Time Saving: The presence of a home elevator seamlessly integrates convenience and time savings into daily life. These elevators operate efficiently thanks to advanced lift mechanisms, reducing the time and effort required for tasks. Home elevators transform the dynamics of home interiors, allowing for creative design expressions. Consequently, daily chores become more efficient and manageable with the assistance of a home elevator.
   
• Energy Efficiency: Elevators made from renewable resources are on the rise, aiming to be friendly to the planet and reduce future energy costs. Low-power elevator motors are gaining traction, as well as requiring less chilling, resulting in reduced energy consumption.
   
• Property Value Enhancement: Incorporating a home elevator into a property can greatly enhance its overall market value. A positive return on investment is achieved because of both improving its market appeal and ensuring a faster sale. Moreover, homes or villas with elevators tend to command higher prices, as such amenities are taken as premium offerings. Elevators are often viewed as attractive features by prospective homebuyers, particularly in larger homes with multiple levels.
   
• Low Maintenance: Residential elevators demand minimal maintenance to ensure optimal functionality. Modern technology has demonstrated proficiency in designing durable lift mechanisms, resulting in cost savings for homeowners. Additionally, these lifts utilize energy-efficient methods, further contributing to reduced operational costs.
   
• Modern Interior Design: Elevators transform from simple functional features into essential components that significantly influence the character of the living environment. Modern home elevators prioritize visual appeal, introducing a sense of luxury and sophistication to the interior design. They effortlessly blend with the architectural layout of the house, elevating its overall contemporary allure. Users have the flexibility to select from a variety of elevator styles that complement their home design, seamlessly integrating these elevators as organic extensions that enhance the overall aesthetic coherence.

Conclusion

From improving accessibility and mobility to boosting property value and emphasizing safety, a home elevator presents a range of benefits. It becomes increasingly important to select an elevator that is aligned with one's budget, fits the available space in the home, and meets all size-related requirements. By integrating a home elevator into the renovation of the house, one will make a strategic investment in both the home and the future. Intelligent and efficient home elevators are poised to become an essential component of contemporary architecture, ensuring that the journey is just as noteworthy as the destination. Initiating global design trends, they are also a benchmark for the integration of smart features that prioritize efficiency and seamlessly fit into any modern home’s overall appearance.