The Times of India: What is the possible future of luxury housing in India with respect to the changing demand of people in terms of luxury and smart spaces? - MAIA Estates

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UNDERSTOOD

The Times of India: What is the possible future of luxury housing in India with respect to the changing demand of people in terms of luxury and smart spaces?

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Over the last few years we have seen an astronomical shift in India’s economy. With industries across the spectrum recovering from the loss that came with the lockdowns, real-estate on the other hand has been on an upward trajectory as investments in the housing market are at an all-time peak. Metro cities like Bengaluru have seen a shift in consumer behaviour when purchasing new homes, with design & sustainability being at the forefront of their decisions.

With rising demand for residential real-estate, developers are seeing this as an opportunity to invest in the architectural design and façade of their projects. This not only helps add immense value to their brand, but also to the building as a whole, the city skyline, and all surrounding areas in the vicinity.

There has been a significant shift in the mindset of residential real estate buyers. People now want to invest in primary homes that they can call their sanctuary, with amenities and facilities for a comfortable life. This has been a hard lesson most of us had to learn through the pandemic. Owning a well-designed home is now the norm because not only do families want to safeguard themselves from uncertainties that the future may bring, but also because Work-From-Home has become such a massive phenomenon, post the pandemic. Builders are now paying special heed to the nature of demands and expectations that today’s buyers have, and providing for it through various design implementations in the overall design of the building. 

The luxury housing market is on an upward trajectory, with locals, NRI’s and International consumers seeing this as an ideal space for investment. There is a sense of increased confidence with buyers, trusting real-estate to stand the test of time and unexpected circumstances. This has encouraged new-age developers to take it up a notch, rethink the Indian residential real estate market and provide world-class architecture and design, not just for the world today, but also for the future generations to come. 

For us, community, wellness & sustainability has always been at the forefront of our endeavours and we aim to leave no stone unturned, be it the façade, the amenities, or the overall lifestyle we stand for – there is something for everyone.

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Posted on

January 23, 2023