The recent COVID-19 pandemic that struck has shown the importance of investing in houses and real Estate. According to Business Industry experts, humongous growth and opportunity in the real estate market are predicted to be worth $1 trillion by 2030. While there are massive opportunities that can be tapped, it is also important to make investments that increase in value over the years. This is why Assetz Property Group has made a list of the emerging trends in the Bangalore real estate market. As mentioned, investing in real estate listings that have the potential to grow can increase ROI, and bring a solid, secure asset for you and your future.
All the metropolitan cities have seen unprecedented growth in this industry. The Silicon Valley of India, Bangalore, has seen tremendous demand in the real estate market for its ever-bustling, lively ambience. Without further ado, let’s look at some of the trends in the Bangalore real estate market.
1. Increase in the millennial workforce:
The increase in the millennial workforce in Bangalore is one of the biggest trends in real estate in India. This could also lead to an increase in demand for commercial spaces such as offices, co-working spaces, studios for start-ups, etc. However, not everybody can invest in massive commercial spaces that require hefty investments.
If you are an individual with a purchasing power limited to 2BHKs and 3BHKs, it is recommended to look into real estate projects in and around commercial areas like White field, and Indiranagar. Not only are these areas popular and well-developed, investing in them would mean an increase in their value due to a predicted spike in demand.
2. Sustainable housing:
With the millennial workforce seeking more career opportunities in the Silicon Valley of India, there is an increasing trend of looking for sustainable housing in real estate listings. According to several studies, the millennial consumer behaviour pattern involves seeking environmental-friendly options, be it daily essentials or investing in assets. Millennials and the public in general, have started to follow the school of thought that encourages “collective empowerment”. Hence, a rise in demand for sustainable living options in the Bangalore real estate market is visible.
It is wise to look at real estate listings that enable conscious spending through amenities like energy conservation, solid waste management, etc. For example, Assetz Property has launched one such sustainable project called Sun & Sanctum, it would be a fruitful choice to invest in an apartment that not only increases in value but also protects the environment.
3. Student housing and co-living:
The third trend in the Bangalore real estate market would be co-living and student housing options. Apart from being a lush green city blooming with flowers in spring, it also blossoms year-round with career and educational opportunities. College students and young professionals look for real estate listings near their educational institutions and workplaces. For students, the amenities in the college dorm may be limited and would come with restrictions. On the other hand, an apartment would make them feel safe, and help them feel “at home”. As for young adults, they would like to rewind when they come home after a long day, but not be too far from the lively events of the city. Therefore, they would look for apartments that host bachelors and bachelorettes such as student housing and co-living. Investing in affordable studio houses, 2BHKs and 3BHKs would be a great option if you’re looking to earn rent money. You can check out Here & Now apartments launched by Assetz Property that offers a plethora of property options!
4. Housing for senior citizens:
Housing for senior citizens happens to be one of the biggest trends in real estate in India. Most children with elderly parents look to strike a balance between staying close to family and having their own privacy. Most often, children would feel reluctant to leave their parents at the senior homes and would look for apartments in gated communities and societies. Apartments in North Bangalore would be the perfect place to invest in. The Bangalore real estate market is touted to be the most sought-after market as the city is known to be cool, calm and breezy. With the apartments packed with amenities like 24/7 security personnel, CCTV cameras, fire safety, etc. they guarantee a safe environment for elders. Additionally, luxury houses are on-demand in real estate listings as they are the best plans after retirement.
5. Innovation-driven housing:
Another important trend in the Bangalore real estate market would be innovation-driven houses. People no longer look for apartments that just have a swimming pool or a gym, they also look for state-of-the-art amenities. They look for spas, barbeque spaces, skating rinks, game rooms, libraries, etc. and make a purchasing decision based on innovation. For example, Leaves & Lives by Assetz Property is a wonderful and innovative option that keeps the preferences of all age groups in mind and is loaded with resources like coffee shops, dedicated spaces for organic farming, squash court, etc. These spaces are carefully designed to provide the most for the house owners and make an excellent investment opportunity.
In a nutshell, trends in Bangalore real estate market show that investing in houses in commercial areas, houses that accommodate co-living, offer senior care, equipped with latest technology etc. are worth every penny. These properties will only increase in value as Bangalore is becoming one of the most important commercial hubs in the country. If you are looking for such lucrative investment opportunities, then check out the projects by Assetz Property Group. With a decade-long experience in building dream homes, Assetz offers diverse options to suit everyone’s needs.
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