The last two years have witnessed the deadliest pandemic crisis that is still going on. The pandemic had affected the whole economy of the nation as every industry was at its lowest, as was the real estate market also. But the crisis made people realize the need for their own residential property and many people have started considering investing in their own residential spaces. As we know Bangalore is the IT capital of the country, and with the dispersing of employers to work from their homes the need for residential spaces had increased. Thus, real estate in Bangalore has started flourishing once again, but with certain changes and new trends have its own space in the market nowadays. Here are the latest real estate trends in Bangalore that have taken their shape post-pandemic phase. Prestige Park Grove is trending now in the real estate sector of Whitefield, Bangalore.
Change in Marketing Sector
One of the greatest changes that occurred within the real estate market was the emergence of virtual marketing. People were readily accepting this, giving more importance to virtual reality, mixed reality, 3D movies, and many other ways through which the real estate companies marketed. This made the accessibility of anything from anywhere around the world. It benefitted the NRIs as they could also invest in Bangalore living elsewhere. This was indeed one of the most incredible trends that have fallen under the limelight. People accepted this form considering the situation and everyone remained safe.
Prefers Less Crowded Locality
As people understood the consequence of living in an extremely crowded area with a deadly pandemic going on, the new investors prefer a less crowded area that is away from a busy city. This will be very helpful for a healthier lifestyle as the least crowded areas would usually be suburbs or outskirts that is free from pollution and it will be great for the investor’s physical as well as mental health. Many properties from various reputed builders are available in the less crowded area in Bangalore. Thus, the new home buyers end up there.
Ready to move into Houses
People are afraid to invest in half-constructed properties or plots as they require more time the completion the home and sometimes that may cause trouble in a pandemic situation. Thus they, opt for ready-to-move-in homes which are available easily to avoid delays in the delivery of the property.
Spacious Properties with Working Spaces
People prefer spacious properties so they could have more usable space within their homes as many are working from home and many small businesses emerged during this phase, they need more room to take out their work properly. Many properties from reputed builders have emerged in this post-pandemic phase with extra work space within the property and co-working spaces, where one could work with other people. This helps them balance their personal and professional life easily, making it less stressful so they can focus on their work without interruption.
Eco-friendly Living Spaces
Post-pandemic people have started moving close to nature. They started utilizing natural energy in every form especially the great usage of solar energy. Rainwater harvesting places have been installed at every major building and proper water managing solutions have been used. Apart from these, many new ways of sustainable living and other options to reduce carbon footprint have been implemented by the people. People are adapting to this new phase with their full participation in everything to maintain an environmentally friendly sustainable living.
Installation of Various Automatic Services
This has been a trend post the pandemic crises. Installation of automatic doors and gates, voice recognition equipment, CCTV, and many others. People have installed many automatic services in their homes to have a more convenient living and to be away from every unwanted source and to maintain distance from everything that is alienated.
These are some of the major real estate trends that emerged in Bangalore, post the pandemic situation. A need for their own residential space has made many people invest in their own property. People became more reasonable and have adjusted to the things available and have made a safe choices.
