India has been seeing a constant rise in Real estate investments since the late 90s. Real estate sector in India is expected to reach a market size of US$ 1 trillion by 2030 from US$ 120 billion in 2017 and contribute 13 per cent of the country’s GDP by 2025. Thus, the statistics point to the fact that the market has never been healthier. The personal investments in the age demographic of 40 – 60 were constantly noticed to opt out real estate investments in preference to other investments such as Stocks and Bonds. This could directly attribute to the rising trends of elevator market in India
Rapid urbanization and globalization and the high demand has led to the fact that personal real estate’s such as Homes, Villas, Bungalows and Penthouses be constructed in the stringent amount of land available and the need to embellish the house and modernized solutions for the elderly in the house have taken a path that has skyrocketed in the recent years, noticeable from the year 2011.
An elevator in a personal home has been viewed as a luxury for years. However, more buyers, ranging from families with young children to those with temporary or permanent disabilities, now want a platform that can move people and things from one level of a home to another. In the earlier days, these private home elevators were impractical.
However, with the advent of modern solutions from elevator solutions like TKE, Home elevators are now investments that propel the value of the house. The cost of a standard elevator will depend on whether you are including it in new construction plans or if you are retrofitting an existing space. The latter could be half the cost of the whole bill for retrofitting an existing home for mobility concerns
With such a growth in interest of Home Lifts, People have started looking for a certified Home Elevator owing to the reason that India is 2nd highest in Home Elevator and Elevator accidents. This is due to the fact that there are no proper home elevator standards in India which allows for anyone to build a lift. Choices have heavily leaned towards prominent brands with Home Elevator Expertise. Such choices have always pointed towards TKE home lifts as the lifts are completely imported with very strong safety certifications to comply by.
TKE home lifts are the World’s safest Home lifts with TUV and SIL-3 certifications and they are the only safety certified home lifts in India. With plenty of customization and retro fitting sizes, TKE Home lifts would be the investment that guarantees you a peace of mind.