Real Estate In 2022: Is Real Estate Business Booming in Bangalore?

1. Rise of the millennial workforce:

The rise of the millennial workforce in Bangalore is one of the biggest trends in the real estate sector in India. This could also lead to increased demand for commercial spaces such as offices, coworking spaces, studios for startups, etc.

Suppose you are a person with purchasing power limited to 2BHK and 3BHK. In that case, looking for real estate projects in and around commercial areas such as White Field and Indiranagar is recommended. Not only are these areas popular and well developed, but an investment in them would add value due to an expected increase in demand.

2. Sustainable Housing:

As the millennial workforce seeks more career opportunities in India's Silicon Valley, there is a growing trend to look for sustainable housing in real estate listings. According to several studies, the behavioral pattern of millennial consumers is to seek eco-friendly options, whether for basic needs or to invest in assets. Millennials and the general public have started to follow the school of thought that promotes "collective empowerment." Therefore, increasing demand for Sustainable housing options can be seen in the Bangalore real estate market.

It is advisable to look at real estate offers that allow for conscious spending through energy saving, waste management, etc. For example, Assetz Property has started a sustainable project called Sun and Sanctum. Investing in an apartment that increases its value and protects the environment would be a fruitful choice.

3. College Residences and College Dormitories:

The third trend in Bangalore real estate market would be College Residences and College Residences. It is a lush, green city that blooms in spring and thrives with career and educational opportunities year-round. Students and young professionals are looking for real estate offer close to their educational institutions and workplaces.

For students, dorm accommodation may be limited and have restrictions. On the other hand, an apartment would give them security and help them feel "at home." Young adults want to return home after a long day but not be too far away from the city's lively events. Therefore, they would look for housing that welcomes single men and women. B. College dormitories and coliving. Investing in the affordable studio, 2BHK, and 3BHK homes would be a great option if you want to make rental money.

Prestige Group prelaunch apartment is Prestige Aston Park.