Whitefield is now a top residential area due to its presence being considered an important employment center in the area. Got an opportunity for new inhabitants to establish homes in the area, and the housing market in this area has been rising.
Real estate developers have started a number of new, opulent residential buildings in Whitefield, which has become a visible trend.
The pandemic made prospective homeowners aware of the importance of preserving privacy, open spaces, and a minimum of social distance.
This has started to manifest itself in the movement of buyers toward developments in low-density locations with vast open spaces.
Particularly among the younger, more contemporary, internet home buyers, smart, technologically enabled homes with the most recent technology are appreciated. Prestige Park Grove in Whitefield is one property that everyone has their eye on and will make a great investment opportunity.
Let’s take a look at some of the most recent developments in the Whitefield real estate market.
Rise of the millennial workforce
The growth of the generation of people in Bangalore is one of India’s most important real estate trends.
It may lead to a rise in the need for business spaces like co-working areas, start-up studios, and offices. However, not everyone has the financial means to invest in expensive huge commercial structures.
Long-term housing is required since the younger demographic is searching for additional employment prospects in India’s Silicon Valley.
Research shows that generational consumer behavior involves looking for ecologically sustainable solutions, whether they are purchasing ordinary items or real estate investments.
The general public and millennials are starting to adopt the “collective empowerment” school of thought.
As a result, there is a rise in demand for sustainable living options in the Bangalore real estate market.
Student housing and co-living
Co-living and student housing alternatives, which are overflowing with the year-round job and educational opportunities, are the third trend in the Whitefield real estate market.
Young professionals and college students look for real estate listings close to centers of employment and education.
There might be restrictions on and a cap on the amenities offered to schools in a university residence. An apartment, on the other hand, would be great and enable them to feel at home.
Young adults who want to unwind after a long day without being too far from the city’s exciting events. As a result, they would look for homes that welcomed bachelors and leading ladies, such as co-living and student housing.
Purchasing affordable studio homes, 2BHKs, and 3BHKs is a fantastic choice if people looking to earn rent money.
Housing for senior citizens
Senior housing is one of the most well-liked real estate trends in Whitefield. The majority of kids who have aging parents try to strike a balance between living nearby and having their own space.
The majority of the time, kids are afraid to send their parents to nursing homes and look for alternatives. Apartments in North Bangalore would be a great investment. Bangalore has the highest demand for real estate due to the city’s reputation for being ideal, peaceful, and airy.
The Whitefield apartments are furnished with features like 24-hour security, CCTV cameras, fire safety, and other elements that guarantee a secure environment for senior citizens.
Furthermore, because they make for the best retirement plans, luxury residences are in high demand in real estate listings.
Another important trend in the Whitefield real estate market is housing which is innovation-driven.
People now seek out apartments with cutting-edge features rather than just those with a pool or a gym. People are seeking features like spas, outdoor grilling areas, ice rinks, game rooms, and libraries.
These places are fantastic investment opportunities and have been strategically developed to provide the maximum value to homeowners.
For example, The Prestige Group’s Property is a wonderful and distinctive substitute that offers services like coffee shops, specialized locations for organic farming, a squash court, and more, and caters to individuals of all ages.