Future Trends in Real Estate

The Residential Sector has seen an exponential growth post Covid. People who were confined to living in a single room in buildings without any compounds or common amenities realised that they wanted a better lifestyle. Keeping their budgets in mind, they moved to B & C grade locations but into bigger apartments with much better amenities.
Now that Covid is (hopefully) behind us, in the current scenario do you think this momentum is sustainable? According to me, it’s probably not. Taking a plunge from a rented house to your own, factoring in rent vs emi, is a fair call but what most buyers forget to factor in is taxes they pay for maintenance & property which is a substantial amount, depending on the amenities and facilities they opt for.
The likelihood of a slow down or saturation in residential rates in B & C locations is extremely likely. However, this may not apply to the Premium locations & Premium properties which have a separate section of buyers. Due to the spurt in demand in the mid and lower segment of residential properties, this segment has also slowly but surely risen. Certain industries like Healthcare, Pharmaceutical, Food, Delivery Services and their ancillaries had a dream run and all the top management moved into premium houses in prime locations, driving the prices northward. This segment may grow at a pace much lesser than what we all saw in the past 2 to 3 years.
Please feel free to share your feedback and opinions in the comments below.

    Topic for next week: Future prospects of commercial properties.

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    Description

    The heart of Mumbai at Shivaji Park, one of the most prestigious residential locations in Mumbai. a rooftop clubhouse with its own pool and a gym with splendid vistasof the city and sea, a panoramic view of Shivaji Park.

    ConfigurationCarpet Area in Sq.ft
    2 BHK650 / 690 / 790

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    Description

    Strategically situated in the vibrant heart of Dadar,
    Exclusively crafted bespoke residences offering a lifetime of sea views. With a selection of homes just steps away from the beach, complemented by its tranquil and picturesque surroundings.

    TypeCarpet Area in sq.ft
    2 BHK770/772

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    Description

    An ultra-luxurious residential tower
    located in the neighbourhood of the legendary Chhatrapati Shivaji Maharaj Park. Your victorious living experience begins here. Well-crafted collection of homes for those who seek the finest in life.

    TypeCarpet Area in sq.ft
    3 BHK1288/1295

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    Description

    Live a bright and luxurious lifestyle right at the Shivaji Park.

    TypeCarpet Area in sq.ft
    2 BHK667
    3 BHK1537

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    Description

    A gated community developed by Premium developer
    Situated close to nature, 5 mintues from 5 Gardens, well connected to all convienences.

    TypeCarpet Area in sq.ft
    2 BHK777/828
    3 BHK1001/1365/1447

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    Description

    In the most aspired location of Wadala
    At an integrated Township of 100 Acres by a premium developer , well connected to the eastern free way and bkc.

    TypeCarpet Area in sq.ft
    2 BHK525

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    Description

    In the most aspired location of Wadala
    At an integrated Township of 100 Acres by a premium developer , well connected to the eastern free way and bkc.

    TypeCarpet Area in sq.ft
    2 BHK750
    3 BHK977 /1122

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    Description

    A gated community developed by Premium developer
    A 22+ acre paradise with over 15-acres dedicated exclusively to open spaces and greens. A well-planned development offers a mix of nature & leisure, residential & commercial, and great connectivity to the city’s key leisure and business hubs.

    TypeCarpet Area in sq.ft
    2.5 BHK953
    3 BHK1109
    3.5 BHK1309
    4.5 BHK1768

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    Description

    Live in the Heritage of Matunga
    Grand entrance loby - Art decor design

    TypeCarpet Area in sq.ft
    2 BHK820
    3 BHK1109
    3.5 BHK1331
    4.5 BHK1727

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    Description

    Live in the heritage of Matunga, Live exceptional.
    Premium sky mansion with spacious sundecks

    TypeCarpet Area in sq.ft
    3 BHK1795
    4 BHK2198

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    Description

    A Premium residential tower located in the neighbourhood Shivaji Park.
    Close to Bombay Scottish School.

    TypeCarpet Area in sq.ft
    2 BHK575/620
    3 BHK880

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    Description

    A Premium residential tower located
    in the neighbourhood Siddhivinayak Temple

    TypeCarpet Area in sq.ft
    2.5 BHK905
    3 BHK1106/1466

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    Description

    In the verdant Shivaji Park neighbourhood,
    feel the breeze flow uninterrupted as you walk the lanes of heritage.

    TypeCarpet Area in sq.ft
    2 BHK525/549

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    Description

    Live connected to the city in one of Mumbai’s oldest and most loved locations At Mahim.
    Less time to travel, more time to live.

    TypeCarpet Area in sq.ft
    1 BHK442
    2 BHK652/692

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    Description

    Nestled in a quiet corner of Prabhadevi
    Each apartment offers endless views of the Arabian Sea and Worli Sea-Link

    TypeCarpet Area in sq.ft
    3 BHK1453/1578

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    Description

    Situated in quite bye lanes of Mahim , close proximity to railway station and upcoming metro station.

    TypeCarpet Area in sq.ft
    1 BHK427 /434
    2 BHK502/663

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    Description

    Luxury Residential Apartments in the Vicinity of Rajesh Khanna Garden Khar. With views of the Arabian Sea to it’s West as well as the diverse skyline of Mumbai on all sides.

    TypeCarpet Area in sq.ft
    3 BHK1135/1270/1352/1550

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    Description

    In Close Proximity to Chembur Station well connected to all
    basic convienence's.

    TypeCarpet Area in sq.ft
    2 BHK605

    PROJECT RERA APPROVED

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