bhosale says the usual size is around 3000 sq ft though bigger apartments are also being planned why otherwise would anyone build houses spread over more than 5000 sq ft and with price tags of over rs 5 crore in the current real estate marketswapnali bhosale who runs a construction firm that specialises in luxury homes says that if the specification design and quality matches the customers aspirations the price doesnt matter according to the companys director vishwajeet jhawar the product availability in this highend segment is very limited though there are no validated data for sales of these apartments as the buyers identity is often kept secret observers say the slowdown has not affected this segment badly who lives in these apartments is also an important question for the developers agrees jhawar about 8 per cent of the total stock demanded is in the highend segment and the supply is hardly one per cent he says explaining his take on this segment of the market says aditi vijaykar executive director at real estate research company cushman wakefield highend apartments are those with a typical size of approximately 30006000 sq ft and set in prime residential locations of any city the buyers in this segment want houses built in a specific locality but cant because there is simply not enough land available for such a choice she points out adding that the price that the customer pays is much less when compared to the cost of buying land and building a house with these specifications also in the game are amar builders who are constructing a luxury project which will have apartments of 6500 sq ft each there are certain locations in each city which will always remain premium she says pointing out that koregaon park bund garden kalyaninagar or kharadi have witnessed less price correction of 6 to 8 per cent as against 2025 per cent in aundh or wanowrie the project offers just 24 apartments one on each floor with an area of 7000 sq ft nearly all our sales are through word of mouth or personal recommendations and we dont have to really promote a project says bhosale whose project is fully sold out and those who consider this the right place to live could be paying upwards of rs 8 crore an apartmentit elsewhere in town marvel realtors is building a rs 600crore luxury project that will offer homes with areas ranging between 4000 and 5000 sq ft each apartment will have four bedrooms a party area servants quarters a guest bedroom and a proper swimming pool approached by a shower corridor pune luxury knows no recession specifications and location are crucial factors that determine a buyers choice says bhosale bhosales firm is building a 24storey super luxury housing project in the plush koregaon park area size sure the forces of demand and supply are there at play but what matters most in the case of highend apartments is the customer who has a specific