Science and technology have been a great boon to humanity, continuing to simplify our day-to-day activities as time passes. Unlike in the stone age, humans no longer need to live in caves and hunt to survive. Known to be the most intelligent species, the evolution of humankind is one of the greatest blessings of the almighty.
The standard of living has only increased with time, whether it comes to what we wear, what we drive, where we live, or the electronic devices we use. The demand to live luxuriously has risen drastically, and one of the areas to witness this the most is the real estate sector.
With 2023 kicking off, the future for real estate seems bright, with an estimated 25% increase in property sales in metros like Mumbai, which tops other major cities in India, having 44% of the new project launches. Despite the average price per sq. ft set to cross ₹12,000, the real estate in Mumbai is not slowing down, especially in the premium sector.
As the country's financial capital expects a 3% growth in the luxury real estate sector, let's look at some of the reasons.
Speaking of real estate in Mumbai, especially the luxury category, it’s almost impossible to ignore the ever-growing availability of world-class amenities. Though many of the residential complexes offer the basic amenities, the consumer today is looking for something unique than the general facilities such as
We can expect developers to upgrade their game when buying properties with better amenities and features. Let's look at the top 5 apartment amenities residents can expect by 2024.
With EV vehicles gaining much traction as time passes, installing a car-charging station would be essential for residential apartments, as this is the way forward.
Though primarily present in many developed countries, this utility is making its way to India, with residents having access to washing machines and dryers.
Quality control checks through ventilation, smart thermostats, tobacco smoke control, and light sensors are some ways to adopt an environmentally friendly approach.
Smart access is the modern way of ensuring residents have complete privacy, with facilities like key lockers, smart locks, and keyless access control. These help you seamlessly welcome your guests, deliveries, etc.
Many traditional or old societies aren’t the most welcoming when welcoming owners with pets. Nevertheless, this seems to be changing with modern properties, with developers ensuring designated areas for residents with pets, providing the following facilities.
The COVID-19 pandemic has changed lives forever, with working from home becoming the new norm. Ensuring residents have a secluded place where they can work or study, real estate developers today have set up co-working spaces with the necessary furniture, expresso machines, and interiors required.
One of the fanciest amenities in the offering from top developers, a rooftop deck is a great space for scenic lovers apart from hosting guests. Late-night walks, bonfires, drinks and barbeque sessions could be fun activities on the rooftop.
It will be interesting to see how far the imagination of real estate developers can stretch in the coming years, as there is no stopping the ever-growing needs of mankind.
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In the real estate dynamic, picking between a 2 BHK and a 3 BHK home is similar to organising an ensemble of ventures. Every choice presents its own unique advantages and disadvantages thereby making the choice between them a confusing task. To make your task easier, we have curated this detailed blog to help you choose between 2 BHK to 3 BHK as per your requirements. So, without further ado, let’s dive straight into the blog.
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Kicking off 2024 on a high, Mumbai’s real estate market is set to experience a reported 5% increase in its residential sector. Nevertheless, Premium properties continue to be a huge draw among homebuyers, courtesy of an increased standard of living among Mumbaikars. Flats in the commercial capital come in all shapes and sizes, from studios to affluent penthouses.