Work from home has become the norm after the COVID-19 pandemic struck. And, with such a working model, they are required to sit within their own comfortable zones, without having to commute to their workplace. Such remote working models has led to a shift in the traditional landscape of real estate investment in top tier cities!
While buying a property, there are some basic aspects that homebuyers are concerned about, such as the location, layout, commute routes, public transportation, and vicinity to essential amenities like schools, colleges, office, hospitals, banks, etc. But now, after the COVID-19 pandemic, the approach towards property buying has significantly been impacted. Millennials have been experiencing a lot of changes in their way of work and working culture after the pandemic, which has ultimately impacted their life choices too. This holds true significantly for property investment. Let’s help you know how remote work has impacted real estate preferences for millennials post the pandemic.
Millennials can now pick their choicest city
Today, hybrid work models are being employed, rendering individuals to work from the comfort of their homes. This is the reason millennials are shifting towards buying their own properties, rather than looking out for rented homes. Working from home also allows them to choose their own choicest location, which is why properties that are set up in cities that host better weather and sustainable environment conditions are better preferred. As a result, homebuyers are opting for cities like Bangalore that provide great lifestyle opportunities alongside growing infrastructure.
Millennials are looking for affordable and cost-effective living
Although homebuyers are looking to live in cities that are high profile and offer great lifestyle opportunities, at the same time, they’re also looking for affordable and cost-effective living. While the two almost contradict each other, some builders are adept at offering such affordable living to homebuyers in top tier cities too! For instance, MJR Builders are offering amazingly affordable residential villas for sale in Sarjapur Road, Bangalore, under the name MJR Divine Meadows. Located in the high-tech city of Bangalore, the project is strategically setup in the suburbs, while offering the convenience of living, ease of commute, and every important facility in the vicinity. Hence, homebuyers can live within the city of Bangalore at such an affordable price!
Millennials want an all-inclusive living
Along with high-end location and affordable living, millennials are also looking for spacious and all-inclusive homes. This is the reason they’re shifting towards living in communities that can offer them more than just a house to live in. They’re looking to live in communities that offer spacious villas, along with premium amenities like swimming pool, clubhouse, amphitheatre, gym, lawn, and more.
The altered hybrid remote work culture has influenced millennials to shift their property choice to better locations that offer the best of amenities, all at a budget-friendly price. And, thanks to the residential villas for sale in Sarjapur Road, the dreams of today’s millennials are sure to become true!