Real estate is and has always been about location. The location of a property acts as a crucial element in determining its value. Residential NA plots are excellent options for home buyers as they are developed in a planned manner. The road layout, public transportation, commute routes, greenways, walking trails, eateries, schools, parks, and scenic views are taken into account in residential NA plots.
A balanced approach toward the development of NA villa plots has significantly impacted the changing dynamics of the real estate market. Millennials have been experiencing many changes in their way of work since most companies have opted for a hybrid work culture in the post-COVID-19 era to ensure seamless deployment of tasks. Remote working, hybrid workstations, and carpooling are examples of modern workplace trends. This is also right up the alley of millennials as it directly impacts their life choices, the biggest of which has been property investment. At present, millennials look for the property and its location when planning to buy a home.
The need for stability and sustainability is another driving factor for millennials working remotely. As they no longer have to commute to their workplace, this has led to a shift in the traditional landscape of real estate investment in top tier cities.
Here is how remote work has impacted real estate preferences for the millennials:
- Better lifestyle opportunities
The remote work culture after the COVID-19 pandemic has reshuffled people’s lifestyles, especially the millennials. Technological advancements have helped conceive hybrid work models, rendering individuals to work from the comfort of their homes. Consequently, this has changed property preferences for millennials.
Now, the millennials are shifting towards buying properties rather than looking out for rented homes/apartments. The modern world prioritises living in affordable cities with better weather and a sustainable environment. As a result, prospective homebuyers opt for cities such as Pune that provide great lifestyle opportunities alongside growing infrastructure. That’s why millennials are currently clamouring for bungalow plots near Pune.
- Affordability and cost-effective living
Investments in developing areas and cities offer opportunities for affordable property acquisition. Furthermore, the growing inflation has pushed people to opt for lucrative and affordable places for rental and property purchases. Places in the peripheries of metropolitan cities and rural areas are more affordable.
- Gated community living
Millennials enjoy living in more spacious and affordable homes in places that suit their lifestyles. Gated community villa plots with spacious homes, luxurious amenities, and green landscaped open spaces draw millennial buyers and tenants alike. Gated community plots are under 24×7 surveillance, so they are considerably safer.
Moreover, they have premium amenities like swimming pools, community halls, clubhouses, multipurpose sports grounds, children’s play areas, fitness centres, recreational facilities, etc. Such facilities have made people invest in properties with a residential community setting. Also, millennials opt to live in gated communities to ensure security and access to all the necessary amenities and socialise with other residents.
The transformative hybrid remote work culture has influenced millennials to think creatively to maximise their property investment. For people working primarily in technological sectors, homes with improved amenities in better cities seem like a great investment opportunity. Pune and Bangalore are among the most popular cities among millennials for investing in property. There are numerous property investment options in Pune, including premium land for sale in Pune, encouraging millennials to invest in such locations.
Looking at it from a millennial’s perspective, Pune has many villa plots at affordable prices. 46 Banyan Tree is a great property investment option in Hinjewadi Annexe. These residential NA plots in Pune have been designed to encapsulate every aspect of a nature-friendly lifestyle. 46 Banyan Tree is also surrounded by the Western Ghats’ beautiful flora and fauna, which provide the residents with utmost peace and serenity. Take a deeper dive into the exclusive amenities available at this beautiful residential project. Book now and give yourself the liberty to live a sustainable and pristine life. For more information, visit our website right away!