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Millennial Trends Re-defining Real Estate

3Homeownership has always been a major milestone for Indians and the millennials are no different though they have their own set of terms and conditions. Unlike the previous generation home ownership isn’t a goal of life for the Generation Y, but just a part of their high-tech, connected lifestyle as they value experiences over things.

Thus, this dynamic generation doesn’t want to fit into a limited space called home and rather prefer the idea of ‘home’ to accommodate and adapt into their lifestyle. From micro- homes to co-living to theme-based homes, here’s a look at some of the trends that are redefining the residential and working space in the Indian real estate market.

Ease of living
With the blurring boundaries between the workplace and home, desktop and PlayStation, 2millennials look at everything from a convenience point of view. When searching for a new home, millennials prefer an urban location with good infrastructure, which is also close to their workplace as it allows them the luxury to engage in social activities at large.

Ease of technology is also a crucial factor in this case as these digital natives prefer everything smart including their homes.

Value for money

Utility is as much a priority for the Generation Y as cost-effectiveness. Hence, the idea of micro-living or co-living spaces. While micro-homes make perfect sense in space- constrained Indian metros, co-living facilities offer millennials well-equipped accommodation without any botheration of maintenance.

For a young professional who spends 3/4th of their day outdoors, investing their hard earned money into something that they’ll hardly use is a big no.

Independent and well-researched

Millennials are a DIY generation who value transparency more than anything else. These new-age, high-tech buyers are doing their online research and entering the real estate market well-prepared. While searching for homes, 1they make an informed decision choosing quality over false promises. This is the reason why most millennials prefer ready-to-move homes from renowned builders than under- construction property.

Instagram generation

Self-expression and comfort are of utmost priority for millennials. This generation seeks living spaces that reflect their lifestyle and can add to their social profile, which is why they choose small, theme-based pads to big, luxurious bungalows.

Also, a robust online presence and reputation for real estate professionals is a must to appeal to this market.

The new age buyers are carefree but not careless. They are aware of the issues like climate change and want to live with a lower carbon footprint. So, they not only want energy-efficient homes but will also not shy away from paying extra for that.

The millennial population is not just increasing in size but also in its economic footprint and will be a dominant force in the real estate market in the next five years. This is both a challenge and an exciting opportunity for the developers to reach new prospects.

How do you think the aspirations and dreams of millennials will shape the future of real estate?

Plan a perfect escape to Rio De Goa

People living in metros, often crave for a peaceful getaway to a scenic destination, where they can relax and soak in the serene beauty of nature. After all, the constant hustle and bustle of a busy city life, is bound to slow one down and calls for an energy recharge.

While there are numerous places to plan the “perfect getaway”, Goa has been the country’s “go to destination”, for letting one’s hair down and living it up. Be it a long weekend or an extended seven-day vacation – Goa never disappoints and has something for everyone. Not just popular with revellers who want to have fun, the coastal state has long been attracting attention from personalities such as writers, academics, musicians, and filmmakers, for creative inspiration. And some of them have even gone on to make it their home.

What if a city dweller with a regular 9 to 5 job also had the choice of owning a home in a getaway hub? Though Goa has always been on top of everyone’s holiday list, has it ever crossed your mind that you could buy a house of your own here? Embrace it in a manner that the land of sun, sand and sea remains not just another getaway destination, but a place where you possess your very own second home. For those sold on the idea of buying their dream home to which they can escape to fulfil their need of unwinding from the “madness of the city”, Tata Housing has launched its Rio-De-Goa project in December 2016. With a slew of top-notch amenities and picturesque locale, this property is an ultimate destination for leisure homes. To know more about Rio-de-Goa click here www.tatahousing.in/goa/escape.

Spread across 5 acres, Rio-De-Goa is a premium resort themed residential project, which offers luxurious Duplex and 2BHK homes. For starters, it is strategically located near the Goa International Airport at Dabolim and only 4-5 km from the Bogmalo beach. Depicting, the 24/7 fun flavor of Goa, the property is equipped with unique lifestyle amenities. Imagine sipping a cold glass of wine or beer sitting at a roof top infinity pool, a sky café for that perfect vacation date and a centrally located active green zone to bust the stress of city life.

Designed to accommodate a lifestyle that’s grander and fuller than what most experience in Goa, this estate, is a testament to the company’s penchant for developing projects that strongly resonate with consumers. With bountiful sun, sea, and greenery, Goa is a nature lover’s delight. The air is clean, the food is great, and the crowds are sparse, except on festivals and occasions of revelry. Everyday essentials like food, drink, electricity, and petrol cost less than in the metros. What more? The property rates are quite lucrative with Duplex just being at Rs.76Lacs All-Inclusive and 2 BHK at 89Lacs All-Inclusive. Goa also offers ample facilities for sports, travel, outdoor excursions, and recreation.

While the laid back, slow-paced Goan lifestyle is not made for every living soul, especially the city folk, who are always charged up to seize the day. Buying a home in Rio-De-Goa will make for a sound long-term investment and of course the perfect plan, for the perfect escape.