These Emerging Real Estate Trends Drive More Return On Investment

The real estate sector has seen a lot of changes over the past few years with the help of RERA (Real Estate Regulatory Authority) and GST (Goods and Services Tax) initiatives.

And, it is clear by now that the pandemic has altered the way we live and work forever. Homebuyers will opt for more spacious and smart homes that can make their lives and overall household management easier and stress-free. Here are a few emerging real estate trends that are capable of driving more return on investment.

Virtual Reality

The real estate market in India is currently witnessing a steady rise with the integration of technology and tech-enabled innovations that can accelerate the growth of the overall real estate sector. One of the most prominent developments is that of virtual reality, the perfect mix of technology and real estate. Buying a home is much easier now and you can experience living in your new home before actually moving into it. This cutting-edge technology has attracted many potential homebuyers.

Open Living Spaces

IC: House Beautiful

Buyers now want a space opening up to the kitchen garden, living room or a bedroom. Segmented spaces are a turnoff now. Open spaces give you more existing spaces by creating more room and make you feel more connected to nature. It is ideal for promoting the flow of air within your home and diffusing natural light to your spaces.

Ample Space

Over the past few years, there has been a significant change in the buying behaviours of home buyers due to pandemic. They were more inclined towards co-living spaces with workplace set up that are more dynamic as compared to the usually rented space. This was in high demand in the Bangalore, Pune and Hyderabad real-estate markets. Now, in the post-Covid world, these spaces will have to reinvent themselves with social distancing norms set to continue forever.

Home Design and Layout

Flooring, colour palettes or false ceilings, these are easy fixes that can be done or undone without much effort. However, changing the layout of a home cannot be done or is easy enough, even if you want to. So, the builders today are crafting homes with more balconies and terraces that allow more natural light and has open spaces to connect to the outside world. Homes that characterize these features are preferred mostly by the buyers than the ones with dull lights.

IC: Home Stratosphere

Amenities

When searching for a property, the first thing that you filter is the location and check the properties you are looking for is either having a good neighbourhood or at a distance that needs less travel-time to your office. Yes, location is your priority. Equally important is your amenities that a builder provides you. Because with more amenities, attracts you to live a healthier life. Most importantly, you can experience a modern healthy lifestyle at your doorstep.

Smart Homes

Smart homes or home automation are not just other feathers in the emerging trends of real estate, instead, it stands to be a reality in the coming years if current trends are anything to go by. This technology-driven home feature can attract lots of investment opportunities as well as future-oriented eager buyers. With a home automation system, you can switch on or off your home electricals and appliances with the click of a button. It comes with high safety measures.

IC: Business Insider

Increased Property Value 

It is true that a smart home with an integrated automatic system has more value in the market as it saves time, increases efficiency, and reduces manual labour. It will be worth more than the standard property. According to the property consultant, Anarock, India is likely to have 100 new malls by 2022. Of this number, 69 malls will be built in the top seven metropolitan cities, of which Bangalore is one of them.

Bangalore city tops when it comes to high return on investment. As we know that the climate throughout the year is pleasant, which resulted in more demand for luxury villas around the city, attracting people from outside India to invest here. Localities like Whitefield, Sarjapur, Electronic City and Old Madras Road are now in high demand. Residents living here not only get to enjoy the green landscaped views, but also has good connectivity to the rest of the prime locations. In October 2020, the Ministry of Housing and Urban Affairs (MoHUA) launched an affordable rental housing complex portal. Therefore, this is the right time to invest in land or affordable homes.

Affordable Homes

For the last few years, there has been an increasing demand amongst the IT professionals and industrial workforces in real estate properties in Bangalore. One can own properties ranging from both affordable to ultra-luxury apartments and villas. Also, you will find a number of options for ready-to-move-in and under construction homes across the city.

Easier to Sell and Resell

One of the biggest worries of the homeowners lies in the fact that whether the location where the property is located is worth it or not. With a technology-driven feature like home automation system in the house, that will no longer be a problem as the demand for such spaces will only increase over the years. Be it selling or reselling your house, buyers purchasing a home integrated with smart and advanced technologies will have nothing to worry about in future.

Government Initiatives and Schemes

The Indian government along with the government of all states have taken several initiatives to encourage development in the sector. The introduction of RERA and GST reforms have made the real estate sector improve over the last few years. As a result, this has attracted a significant percentage of buyers in different parts of the country to purchase homes. Also, you will find PMAY (Pradhan Mantri Awaz Yojana) scheme.

IC: Piramal Capital and Housing Finance

Keeping all these trends in mind, it would seem that it would be a smart choice to invest in a residential property at the moment. With so many options for apartment and villa projects in the market today, the buyers are spoilt for choice. It is clear that not only does the future of Indian real estate look promising, but it also aims to offer benefits to both property developers and homebuyers with technological advancements.

If you’re looking for homes in Bangalore city, you can check our completed and ongoing projects located near Sarjapur and Whitefield.