The recent COVID-19 pandemic has highlighted the importance of investing in real estate and houses. According to Business Industry experts, the real estate market will be worth $1 trillion by 2030 due to massive growth and opportunity. While there are numerous opportunities available, it is also critical to make investments that will increase in value over time. This is why Assetz Property Group has compiled a list of the latest real estate trends in Bangalore. As previously stated, investing in real estate listings with growth potential can increase ROI and provide a solid, secure asset for you and your future.
This industry has grown at an unprecedented rate in all metropolitan areas. Bangalore, India's Silicon Valley, has seen tremendous demand in the real estate market for its ever-bustling, lively atmosphere. Let's take a look at some of the trends in the Bangalore real estate market without further ado.
let’s look at some of the trends in the Bangalore real estate market.
1. Increase in the millennial workforce:
Increase in the millennial workforce: One of the most significant trends in Indian real estate is the increase in the millennial workforce in Bangalore. This could lead to an increase in demand for commercial spaces such as offices, co-working spaces, start-up studios, and so on. However, not everyone can afford to invest in large commercial spaces that require large investments.
If your purchasing power is limited to 2BHKs and 3BHKs, it is recommended that you look into real estate projects in and around commercial areas such as Whitefield and Indiranagar. Not only are these areas popular and well-developed, but investing in them would result in an increase in value due to a predicted increase in demand.
2. Sustainable housing
Sustainable housing: As the millennial workforce seeks more career opportunities in India's Silicon Valley, there is an increasing trend in real estate listings to look for sustainable housing. Several studies have found that the millennial consumer behaviour pattern involves seeking environmentally friendly options, whether it is for daily necessities or investing in assets. Millennials and the general public have begun to embrace the school of thought that promotes "collective empowerment." As a result, there is an increase in demand for sustainable living options in the Bangalore real estate market.
It is prudent to look at real estate listings that promote responsible spending through amenities such as energy conservation, solid waste management, and so on. TATA HOUSING, for example, has launched one such sustainable project called Tata One Bangalore. Investing in an apartment that not only increases in value but also protects the environment would be a wise decision.
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3. Student housing and co-living:
Student housing and co-living: Co-living and student housing options are the third trend in the Bangalore real estate market. Apart from being a lush green city that blooms with flowers in the spring, it also blooms with career and educational opportunities all year. College students and young professionals search for real estate listings near their schools and workplaces. For students, amenities in college dorms may be limited and subject to restrictions. An apartment, on the other hand, would make them feel safe and "at home."
When it comes to young adults, they want to unwind after a long day, but they also want to be close to the city's lively events. As a result, they would look for bachelor and bachelorette apartments, such as student housing and co-living. If you want to earn rent, investing in affordable studio houses, 2BHKs, and 3BHKs is a great option.
4. Housing for senior citizens
Housing for senior citizens: Housing for senior citizens is one of the most important real estate trends in India. Most children with ageing parents strive to strike a balance between being close to family and having their own privacy. Most children are reluctant to leave their parents in nursing homes and prefer to live in apartments in gated communities and societies. Apartments in North Bangalore would be an excellent investment.Bangalore's real estate market is regarded as the most desirable because the city is known for being cool, calm, and breezy. With amenities such as 24/7 security personnel, CCTV cameras, fire safety, and so on, the apartments ensure a safe environment for the elderly. Furthermore, luxury homes are in high demand in real estate listings because they are the best post-retirement plans.
5. Housing driven by innovation
Housing driven by innovation: Another important trend in the Bangalore real estate market is housing driven by innovation. People no longer just look for apartments with a swimming pool or a gym; they also look for cutting-edge amenities. They look for spas, barbeque areas, skating rinks, game rooms, libraries, and so on, and base their purchasing decision on innovation. For example, Tata One Bangalore is a wonderful and innovative option that caters to the needs of all age groups and is equipped with amenities such as coffee shops, dedicated spaces for organic farming, a squash court, and so on. These spaces are carefully designed to provide the most benefit to the homeowners while also providing an excellent investment opportunity.
