What millennials are actually looking for in their home?

The millennial life is fast. Made up of people born between the years 1980-1995, this generation (also referred to as “Gen Y”) is currently the largest generation in history. It is self-confident, technologically sound, aware, educated, and socially connected. However, never has a generation bewildered marketers and realtors with their habits.

What’s surprising, however, is that for a generation that has been deemed “entitled” constantly, millennials are astonishingly accommodative. They are ready to make sacrifices wherever necessary, as long as they have their convenience.

That said, how do the millennials prefer to live? What do they want in their home? How and where does the difference from Gen X strike? Gone are the days of expansive backyards, undulating lawns and gardens, and rustic features. It’s really simple – millennials want an easy blend of the following:

Affordability

Millennials save up for experiences, not assets. They’d rather spend money on travels than on a property or an automobile. So, one might wonder, how do you expect them to afford a home? That’s where the affordability factor comes in. Millennials are happy with mid-segment floor plans, as long as the property packs a bunch of modern features. This brings us to the next point.

Smart, contemporary features

Dedicated corners for “home offices”, large kitchens and hangout areas, fast internet services, remote security systems, and home automation are some of the many features that millennials prefer in their homes. So much so, that these features are often the deciding factors during assessment.

Tactical location

A home that’s closer to their workplace, and is replete with all conveniences of daily life, saves millennials ample time and gas. They want homes that are connected to the city, yet not within it. However, shopping malls, convenience stores, entertainment avenues, and an efficient road network tops their list of must-haves.

The millennial generation is smart enough to do their research, which is why, they take their time to zero in on a property that meets all their requirements. The real estate market is their new playground, and they’re no longer afraid to give it a go. After all, you can’t replace the feeling of owning a home, can you?

5 Reasons Why You Should Stay in the Heart of Pune

They call Pune the pensioners’ paradise; the Oxford of the East, a city that loves its naps & its weather. Like a doting parent, this city has a habit of spoiling you, and Punekars will agree. In spite of its rising skyline & diverse multicultural population, Pune fiercely safeguards its rich history, culture & language. Just one of the reasons why Punekars have a notoriously powerful command over their Marathi!

Pune is truly cosmopolitan - an economic, cultural & lifestyle hub. It is peaceful yet industrious; it is clean yet colourful. Several new neighbourhoods have grown and flourished in Pune thanks to a bustling IT sector & educational opportunities, but the city-centre is still the most-preferred residential address thanks to its old-world charm.

If you’re a homebuyer, looking for a new place in Pune, here’s why the Heart of Pune is the perfect place for you & your loved ones:

1. Time moves slowly here

As mentioned before, the centre of Pune is a separate universe, with its own sense of time, pace & inhabitants. The leafy, canopy-laden areas of Erandwane, Fergusson College Road, Deccan Gymkhana draw out a feeling of belongingness.

2. It’s got everything you need!

Ask any Punekar; the city centre has everything you need! Some of the best hospitals in the country, some of the most renowned educational institutes, gourmet restaurants and much more! Coupled with well-laid out arterial roads and sound civic amenities,  it is a complete residential destination. 

3. Getting anywhere from here is easy

Some of the most important roads & avenues of Pune branch out from the city centre. The area is well connected to all the other important destinations of the city.

4. It has incredible aspirational value! 

Where we stay or where we belong, or in this case – our address, can be the source of our pride. The city-centre is without a doubt THE place to live in Pune!

5. A dream location to start a family

The heart of Pune is the cleanest, safest and also one of its most family-friendly locations! It is a world of convenience & comfort and starting a family here is an amazing privilege.

So there you go - we hope you liked reading about the beauty of this city! If you’re in search of a home, then take a look at Vasant –  Compact Luxury Homes by B.U. Bhandari Landmarks located at Law College Road, the heart of Pune! 

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Investment in property

For social class Indians, investment in property has been the surest bang for the buck. On a median, property values have quadrupled within the last decade.

But currently there square measure increasing signs that the dream run that property has enjoyed over the last decade may be coming back to associate degree finish. Property practitioners purpose to swiftness sales and rising inventories. There's a glut of freelance homes in round the country, in separate micro-markets, the story isn't any completely different.
And so the question: might 2014 be the year once property begins to crack?

First, let’s begin by gazing the last amount of low economic process. The Indian economy chugged on at associate degree annual rates. Those who’ve been within the business long enough can tell you that property costs relieved by 2-3 % a year across massive cities. According survey in last 3 years of 5-6 % growth and also the scenario may be perennial.

The Second thing is that the increase of the skilled real estate capitalist. The last ten years have seen a growing range of social class Indians making an attempt their hand at the residential properties and Commercialproperties market. Throughout the go-go years bought homes solely to flip them a few of years later for a 15-20 % gain.

In India isn't any completely different. Dinner parties of real estate market stuffed with casual conversations on that flat or piece of land to take a position in. There’s this sweeping confidence in property giving a 20-25 % come each year.

This results in a scenario in massive metros wherever homes in under-construction comes square measure offered anyplace but what the builder is commerce them for. People who wish to sell homes square measure willing to require a little haircut. What happens once this becomes too acute isn't too onerous to visualize. The market would correct.

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