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For RentFor Sale
$135 000 000$600 000/Per Month Rent
Beverly House, luxury real estate in Beverly Hills, CA | Hilton & Hyland | Finest Residences

The Beverly House in Beverly Hills, CA

1011 N Beverly Dr, Beverly Hills, CA 90210, USA

Beds: 21Baths: 27SqFt: 70000

Single Family

Details

Jeff Hyland | Hilton & Hyland

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For RentFor Sale
Price On Request
Tour Odeon of Monaco | Finest International | FINEST RESIDENCES

Tour Odeon of Monaco

30 Avenue de l'Annonciade, 98000 Monaco

Beds: 4SqFt: 65089

Apartment, Multi Family

Details

Bernard Corcos

Featured
For SaleLeasehold
Approx.$46 697 000/£ 35 000 000
Carlton House Terrace, St James, London UK | Shereen Malik, United Kingdom Sotheby's International Realty | FINEST RESIDENCES

Carlton House Terrace, St James, London, United Kindom

St. James's, London SW1Y, UK

Beds: 4Baths: 5SqFt: 9268

Multi Family, Penthouse

Details

Shereen Malik | UK Sotheby’s International Realty

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For Sale
Price On Request
Luxury Waterfront Property in Geneva Left Bank, Switzerland for sale | John Taylor Switzerland | FINEST RESIDENCES

Luxury Waterfront Property in Geneva

Anières, Geneva Left Bank, Switzerland

Beds: 5SqFt: 4305

Single Family, Waterfront

Details

John Taylor Switzerland

Featured
For Sale
$30 000 000
Hacienda Palancar, Tulum Mexico | Luxury Real Estate Mexico | Trista Rullan • Hilton & Hyland | Finest Residences

Hacienda Palancar, Tulum, Mexico

Tulum, Quintana Roo, Mexico

Beds: 13Baths: 17SqFt: 19000

Hacienda, Single Family, Waterfront

Details

Trista Rullan | Hilton & Hyland

For SaleNew Development
Price On Request
Capitol Grand Penthouse in Melbourne, Australia | LK Property Group | Finest Residences

Capitol Grand Penthouse in Melbourne

South Yarra, Melbourne, Australia

Beds: 3Baths: 3SqFt: 5770

Penthouse

Details

LK Property Group

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For Sale
$75 000 000
Burnt Point, Waterfront Estate in the Hamptons, NY | Frank E. Newbold • Sotheby's International Realty | Finest Residences

Burnt Point, Hamptons NY, USA

38 Mathews Rd, Wainscott, NY 11975, USA

Beds: 8Baths: 12SqFt: 18000

Waterfront

Details

Franck E. Newbold | Sotheby’s International Realty East Hampton

Featured
For SaleNew Development
$50 000 000
Zaha Hadid Triplex Penthouse, Chelsea, New York | Finest Residences

Zaha Hadid Penthouse, Chelsea, NY

520 W 28th St, New York, NY 10001, USA

Beds: 5Baths: 7SqFt: 6853

Condo, Penthouse

Details

Corcoran Sunshine Marketing Group

Featured
DevelopmentFor Sale
$100 000 000
Islas Cayonetas, Las Perlas, Panama | Private island | Hilton & Hyland • Finest Residences

Islas Cayonetas, Las Perlas, Panama

Pearl Islands, Panama

Private Island, Waterfront Land

Details

Mia Trudeau | Hilton & Hyland

For Sale
$50 000 000
Casa Bahia, Waterfront home in Miami | Luxury Real Estate Miami | Pablo Alfar • Douglas Elliman | Finest Residences

Casa Bahia, Waterfront home in Miami, FL

3085 Munroe Dr, Miami, FL 33133, USA

Beds: 7Baths: 8SqFt: 13483

Single Family, Waterfront

Details

Pablo Alfaro | Douglas Elliman Real Estate NY

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For Sale
Price On Request
Villa Minangkabau, Bali luxury property, Indonesia | Finest Residences

Villa Minangkabau, Bali Beachfront

Candidasa Beach, Bali, Indonesia

Beds: 6Baths: 6SqFt: 6265

Single Family, Waterfront

Details

Elite Havens | Knight Frank

Featured
For Sale
$81 500 000
Luxury Real Estate in Malibu | 6962 Wildlife Road Malibu, California | Finest Residences

Iconic Luxury Property, Malibu CA

6962 Wildlife Rd, Malibu, CA 90265, USA

Beds: 3Baths: 5SqFt: 7083

Single Family, Waterfront

Details

Finest International

Sold
$21 000 000
Equestrian farm in Greenwich Connecticut | Sally-Slater • Douglas Elliman | Finest Residences

Horse farm, Greenwich CT, USA

429 Taconic Rd, Greenwich, CT 06831, USA

Beds: 6Baths: 7/3SqFt: 10000

Equestrian, Single Family

Details

Sally Slater | Douglas Elliman Real Estate

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For Sale
$80 000 000
Elke Mountain Lodge | Aspen Luxury Real Estate | Joshua Saslove • Douglas Elliman | Finest Residences

Elke Mountain Lodge, Aspen CO, USA

Aspen, Colorado, USA

Beds: 26Baths: 24SqFt: 41318

Ranch, Waterfront Land

Details

Joshua Saslove | Douglas Elliman Aspen/Snowmass

Featured
For Sale
$12 000 000
Lote Punta Negra | Waterfront land for sale, Punta Negra, Puerto Vallarta | Guadalajara Sotheby's International Realty | Finest Residences

Lote Punta Negra, Puerto Vallarta, Mexico

Puerto Vallarta, Jalisco, Mexico

Waterfront Land

Details

Bernard Corcos

Featured
For Sale
$11 950 000
Luxury property for sale in Vail, Colorado, USA | LIV | Sotheby's International Realty | Finest Residences

Sumptuous Estate in Vail, Colorado, USA

1119 Ptarmigan Rd, Vail, CO 81657, USA

Beds: 9Baths: 11SqFt: 11652

Chalet, Single Family

Details

Joni White Taylor | LIV Sotheby’s International Realty , Malia Cox Nobrega

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Amazon is betting on prefab homes | Finest Residences

Amazon is betting on prefab homes

The tech giant is investing in startup Plant Prefab Amazon putting its money behind pre-fabricated...

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Monaco Yacht Show 2018 | Finest Residences

The Monaco Yacht Show, from 26 to 29 September 2018

The world leading event in superyachting starts in a few days Set in September in the iconic Port...

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Hong Kong surpasses New York as home to the largest cluster of UHNWIs

Hong Kong surpasses New York as home to the largest number of UHNWIs

Hong Kong has officially surpassed New York City as the place with the highest concentration of...

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Cannes Yachting Festival 2018 | Finest Residences

The Cannes Yachting Festival Opens Today

The Cannes Yachting Festival Opens Today From 10 am, sea lovers, yachting enthusiasts,...

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Mumbai: Real estate developers in Mumbai have shifted focus from selling ultra-luxury projects to either completing them or building mid-income or smaller homes. The change in strategy comes following subdued demand for luxury homes in the country’s financial hub amid an oversupply. Launches of homes costing more than ₹ 10 crore have fallen in the past two years in the key areas of central and south Mumbai. Launches in the uber-luxury segment fell 1% to 194 units in the first half of this year, according to property consultant JLL India. In comparison, total launches in the Mumbai realty market jumped 44% during the period. In the first half of 2016, 280 luxury realty projects were launched in south Mumbai. Mumbai-based Omkar Realtors and Developers Ltd, which is building its largest luxury project '1973' for the past five years, has halted sales to customers. Located in the posh Worli neighbourhood of south Mumbai, the project comprises three towers with more than 300 apartments, of which nearly 100 are yet to be sold. Omkar has closed bookings for ‘1973’ for the last four to five months and will resume sales only by the end of this year when two towers are near completion, said Babulal Varma, managing director. "People are more enthusiastic to buy completed projects now. We took a call to complete the project first and then open up for sale again when the market is better. We hope to fetch a good rate by then," Varma said. He said Omkar’s will focus on building smaller apartments. The company is selling homes for around ₹1 crore each at its newly launched 65 acre mixed-used development Omkar International District (OID) at Andheri. According to real estate brokers and consultants, sales of large-sized luxury homes costing above ₹10 crore have been extremely slow in the last three years. While consumer demand has increasingly shifted to mid-sized and compact homes, the imposition of a 12% good and services tax (GST) has also dampened luxury homebuyers. This has also made consumers prefer completed apartments where GST is not levied. "Luxury homes are a lesser priority at the moment. The focus for most builders right now is to build smaller homes and make it affordable for homebuyers. Sizes have come down to the tune of 25-30% in the last five years," said Samantak Das, chief economist and head of research at JLL India. HBS Realtors Ltd has deferred plans to sell two of its ongoing sea-facing luxury projects in south Mumbai. Two years ago, the company announced grand plans to build ultra-luxury projects around Marine Lines, Worli and Haji Ali area with each apartment costing above ₹14.5 crore. Sandeep Shah, managing director of HBS Realtors, said the company aims to raise funds to complete the projects instead of actively selling the apartments. "People want to come in when they see much lesser risk of delivery especially for high-end homes. Plus buying completed homes end up saving a lot of money in terms of taxation due to the current norms of GST," Shah said. Some builders have blamed an oversupply of premium homes particularly in prime locations like Worli and Lower Parel. The last four-to-five years have seen launches of several ultra-projects around these areas. For instance, Worli currently houses some of the largest ultra-luxury projects in Mumbai such as Oberoi Realty's 360 West, K Raheja Corp.'s Vivarea and Artesia and Ahuja Towers among others. In Lower Parel, real estate firms such as Lodha Group and Indiabulls Real Estate are building luxury residential projects. "Demand for luxury homes is still there but at the right location. Worli and other central locations of Mumbai have become very crowded. The problem is far more intense where there is oversupply," said Kamal Khetan, chairman, Sunteck Realty Ltd. The company, which built uber luxury homes like Signature Island and Signia Isles at Bandra Kurla Complex, is currently focussed on launching mid-sized and affordable homes in the city. "In the next six months, more of our launches will come in the mid-income group and aspirational luxury segments," he said.

Luxury residential projects fall out of favour in Mumbai

Launches of residential projects with homes costing more than ₹ 10 crore have fallen in the past...

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Finest Residences | Luxury Real Estate Investments

Luxury Real Estate Investments: higher yeld and less volatility than stocks

Luxury real estate investments provide higher yields and less volatility than the stock...

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Graff Diamond, The House, Singapore | Finest Residences

Graff celebrate 1st Anniversary in Singapore with “The Exhibition of Rare Jewels”

Graff lives up to its reputation as the King of Diamonds with an exquisite display of extraordinary...

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Rolls-Royce Phantom EWB Limousine Chengdu | Finest Residences

Rolls-Royce Motor Cars takes the luxury of privacy to a new level

As the world’s leading luxury brand, Rolls-Royce Motor Cars is best placed to understand and...

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