Luxera and LuxaOne: Real estate truths and misconceptions

Real estate remains one of the most reliable and rewarding long-term investments. Yet, many prospective investors are discouraged by misconceptions surrounding the property market—especially when it comes to high-end developments.

As TATA Housing nears completion of its two flagship residential projects in Malé—Luxera and LuxaOne—it is worth exploring some common real estate myths and the realities behind them.

Renting is Cheaper than Buying – False

While renting may seem more affordable in the short term, it does not generate long-term financial value. Buying an apartment builds equity and creates wealth over time. Premium properties like Luxera and LuxaOne are assets that retain value and can generate rental income.

Located in prime areas—Luxera on Sosun Magu and LuxaOne on Majeedhee Magu—both projects are well-positioned for long-term value appreciation.

The Real Estate Market is Too Unpredictable – Misleading

Like all markets, real estate experiences fluctuations. However, in Malé, property values have remained resilient due to limited land availability and consistently high demand for housing. The city’s economic activity continues to grow, supporting the long-term stability of investments.

Luxera and LuxaOne are located in areas that consistently perform well in terms of property value and rental returns, making them strong choices for long-term investment.

You Need a Large Down Payment – Not Necessarily

It is a common misconception that buying property requires a substantial initial payment. Today, many banks and financial institutions offer flexible mortgage options, allowing buyers to purchase with manageable down payments.

Luxera and LuxaOne are both approved by major banks, including the Bank of Maldives (BML) and Housing Development Finance Corporation (HDFC), giving buyers access to multiple financing solutions. This is further enhanced by the fact that the Maldives Retirement Pension Scheme (MRPS) can be utilized to pay a down payment for housing, allowing prospective buyers to leverage their accumulated pension savings to secure a home in these developments. This policy provides a unique and valuable avenue for homeownership, expanding the financing options available beyond traditional bank loans.

It’s Not the Right Time to Buy – False

The best time to buy property is when you're financially ready and have clear long-term goals. Waiting for the ‘perfect’ time often results in missed opportunities.

Given the consistent demand for high-end housing in Malé, Luxera and LuxaOne offer investment potential regardless of timing.

Real Estate is Only for the Wealthy – False

While high-end properties like Luxera and LuxaOne offer premium features, real estate investment is accessible to a wide range of buyers. With flexible payment plans, financing options, and rental income potential, these developments are suitable for both seasoned investors and first-time buyers.

With the right planning, real estate can offer long-term financial security and stability. TATA Housing’s Luxera and LuxaOne developments combine quality, location, and investment value—making them ideal choices for anyone looking to secure a premium urban lifestyle in Malé.

For more information on available units and payment plans, contact TATA Housing or visit their official website and social media channels.