Puravankara's Amanda Joy Unveils Persistent Real Estate Trends in Bengaluru
In a recent discussion, Amanda Joy, a key figure at Puravankara, a prominent real estate developer, shared valuable insights into the enduring trends that are defining Bengaluru's property market. Her analysis highlights how certain shifts in buyer preferences and technological advancements are becoming permanent fixtures in the city's real estate landscape.
Sustainability and Green Living Take Center Stage
One of the most significant trends identified by Amanda Joy is the growing emphasis on sustainability and eco-friendly living. She notes that homebuyers in Bengaluru are increasingly prioritizing properties that incorporate green building practices, such as energy-efficient designs, water conservation systems, and the use of sustainable materials. This shift is driven by a heightened awareness of environmental issues and a desire for healthier living spaces.
Developers like Puravankara are responding by integrating features like solar panels, rainwater harvesting, and green roofs into their projects. Amanda Joy emphasizes that this trend is not just a passing fad but a fundamental change in how real estate is conceived and constructed in the city.
Smart Homes and Technological Integration
Another trend that Amanda Joy highlights is the rise of smart homes and advanced technological integration. With Bengaluru being a hub for technology and innovation, homebuyers are demanding properties equipped with smart devices, automated systems, and high-speed internet connectivity. This includes everything from smart lighting and security systems to AI-powered home assistants.
She explains that this trend is here to stay because it enhances convenience, security, and energy efficiency. Real estate developers are now designing homes with built-in smart infrastructure to cater to this tech-savvy market, making it a standard feature in new developments.
Hybrid Workspaces and Flexible Living
The post-pandemic era has solidified the trend towards hybrid workspaces and flexible living arrangements. Amanda Joy points out that many professionals in Bengaluru now seek homes that can accommodate remote work, with dedicated office spaces, soundproof rooms, and ergonomic designs. This has led to a surge in demand for larger apartments and villas that offer versatility.
Additionally, she mentions that co-living and co-working spaces within residential complexes are gaining popularity, reflecting a broader shift towards community-oriented and adaptable living environments. This trend is expected to persist as work-from-home and flexible schedules become more normalized.
Affordable Luxury and Premium Amenities
Amanda Joy also discusses the trend of affordable luxury, where homebuyers in Bengaluru are looking for premium amenities at accessible price points. This includes features like swimming pools, fitness centers, landscaped gardens, and recreational facilities within residential projects.
She notes that developers are focusing on delivering value-added properties that offer a high quality of life without exorbitant costs. This trend is driven by the city's growing middle class and young professionals who seek comfort and convenience in their living spaces.
Infrastructure Development and Connectivity
Lastly, Amanda Joy underscores the importance of infrastructure development and connectivity in shaping real estate trends. Bengaluru's ongoing projects, such as metro expansions and road improvements, are making peripheral areas more attractive for homebuyers. This is leading to a decentralization of the property market, with growth spreading beyond the city center.
She concludes that these trends are interconnected and will continue to influence Bengaluru's real estate sector for years to come, offering opportunities for both developers and buyers to adapt and thrive in a dynamic market.
