Millennials are the most important demographic for the real estate industry. They have the financial power, and knowledge and are technologically savvy. They are the greatest benefactors of India’s economic growth making them aspirational with high expectations. With the fast-evolving real estate landscape, millennials look for projects in Pune that are an ideal blend of convenience, luxury, tech-savviness, and sustainability. These are reflective of their values as they plunge into homebuying and property investments.
Some of the important items in their checklist for luxury apartments in Pune are discussed below that will shape the future of real estate.
1. Spacious Homes and Interior Design
Although most of them have grown up in simple homes that had the basic amenities and a secured gate, millennials are exposed to luxury living. They have a high aesthetic sense but expect functionality at the same time. With the trend of remote and hybrid working models, the home can no longer be a place where they come to rest. The homes need to be spacious with a scope of blending an office and a home in the same space.
2. Connectivity and Freedom
Even if the location is far from the heart of the city, millennials expect the project to be well-connected and convenient with a robust social infrastructure in place. It should be easy to access major hubs of the city and have recreational avenues like malls, supermarkets, and cineplexes in close vicinity. The project should also have enough options for socializing during free time like restaurants, cafes, and bars.
3. Lifestyle Amenities
As the real estate market is evolving fast, millennials too are evolving with it. They have access to information about the best amenities that various players in the market are offering. Millennials have a choice of comparing these and choosing the ones that suit them and their loved ones the most. The more enticing the amenities the greater the chances are of them choosing the project. Amenities like a swimming pool, clubhouse, and gardens are expected in gated community plots in Pune. Millennials will prefer the best amenities that their pockets can fetch.
4. Sustainability
Sustainability and environmentally friendly are concepts that are fast catching up as everyone is experiencing the effects of environmental degradation. With a vision to leave a better future for their kids, millennials look for projects that have made provisions to save energy and build a green projects. Incorporating solar panels, energy-efficient windows, and eco-friendly construction materials score brownie points with them.
These are the few important items that millennials want to check when they are looking for their dream homes.