The Influence of Lifestyle Changes on Home-Buying Trends in India
In 2024, luxury housing in India witnessed a 37.8% increase year-on-year. Bangalore and Hyderabad real estate are gaining momentum despite inflation.
Lifestyle choices evolve with every generation. People who were once reluctant to buy a property pre-covid turned out to be homeowners post-covid in search of bigger space, good ventilation, work-from-home space, lifestyle amenities and more.
From preferring larger living spaces to seeking smart and sustainable homes, let’s explore common questions on how lifestyle shifts are influencing the Indian real estate market.
Q1: How have lifestyle changes influenced the demand for luxury homes in India?
Once upon a time– multi-generational living; post-COVID– work-from-home culture and lately a desire for more personal space and related lifestyle changes have increased the demand for larger homes.
With families or young IT professionals now spending more time at home away from the urban encumbrance, the need for dedicated spaces for work, fitness, and relaxation has become essential. This has led to a significant rise in demand for 4 BHK villas in Sarjapur and 3 BHK apartments in Mokila. Buyers are moving away from small, cramped spaces in favour of spacious apartments or luxury villas.
Q2: Are more people opting for villas instead of apartments?
Yes, there has been a notable shift towards villas, especially in Bangalore. Homebuyers are increasingly looking for properties that offer outdoor spaces like Buildiko Spring Woods, private swimming pools and better security like Big Banyan Palm Meadow.
Villas in Sarjapur offer homebuyers more flexibility for personalisation and expansion, while apartments in Medchal and Mokila with more square footage.
Q3: How has the shift to remote work affected the real estate market in Bangalore and Hyderabad?
With the high demand for apartments in Hyderabad and Bangalore, developers are attracting homebuyers with 71 to 76% carpet area, larger floor plans, and even balconies as big as master bedrooms, and pergola sit-out spaces. Every card in the hand is being played to attract families seeking homes that accommodate their work-from-home needs.
CoEvolve FLorenza is a one-of-a-kind apartment project in Bangalore that has solar working pods and excellent sit-out spaces throughout the gated community where families can work, learn, and live comfortably under one roof.
Q4: What role does sustainability play in modern home-buying decisions?
Sustainability has become a crucial factor in home-buying decisions, especially in Bangalore with increasing drought and changes in rain patterns. Here is a quick list:
CoEvolve Florenza tops the list of sustainable living. These are water-engineered and thermal-efficient 3 BHK apartments in Sarjapur, Bangalore addressing the dry climate and tackling water scarcity. CoEvolve Florenza offers Earth-healing Homes with zero water discharge, zero topsoil loss, eco-STP and more. What’s more, CoEvolve Florenza is Bangalore’s only apartment with…
Nyra SunTerra offers 4 BHK villas for sale in Bangalore that are solar-powered. Reduce your electric consumption and electric bill significantly. Big Banyan Palm Meadow offers smart homes in a sophisticated and serene villa setting in Bangalore. Buildiko Spring Woods is an excellent villa community in Sarjapur that prioritises greenery.
With the rising inflation, a home without frills yet with finer detailing and excellent craftsmanship is offered at RK Celesta.
Q5: Is the demand for luxury homes still growing in India?
Yes, the demand for luxury homes is rising steadily in India. According to a report by CBRE South Asia, luxury housing in India witnessed a 37.8% increase year-on-year, with 12,625 units sold in the first nine months of 2024, compared to 9,160 units in 2023. The desire for luxury living is being driven by increasing disposable incomes, a preference for premium amenities, and the growing trend of gated communities.
Q6: How have homebuyers’ preferences changed concerning amenities?
With lifestyle changes, the demand for specific amenities has also evolved. Basic amenities no longer entice homebuyers. Villas in Bangalore are gaining popularity in the luxury segment, offering homeowners private pools, courtyard gardens, smart home systems and rooftop terraces.
Similarly, apartments in Hyderabad are attracting buyers with access to exclusive clubhouses, wellness centres, co-working spaces, and recreational facilities.
Q7: Are millennials influencing home-buying trends in Indian real estate?
As of 2024, millennials are a driving force behind the changing home-buying trends in India. This generation is more lenient towards convenience, smart technology, and privacy in community settings. They prefer homes that offer a balance of work-life convenience and social interaction.
Apartments in Hyderabad are particularly favoured by younger IT professionals due to the city’s booming tech industry and affordable housing options compared to Bangalore.
Q8: What are the key location factors influencing home-buying decisions in Bangalore and Hyderabad?
Location has always been a key factor influencing home-buying decisions. In Bangalore, seamless connectivity or proximity to tech hubs like Whitefield, Electronic City, and Outer Ring Road have a significant impact on the demand for both apartments in Attibele and villas in Sarjapur.
In Hyderabad, the growing IT sector in Gachibowli and Hitec City is making apartments in Mokila and villas in Medchal more desirable due to connectivity to major highways, public transport systems, and proximity to schools, hospitals, and shopping malls. For hot properties in prime locations with excellent investment opportunities, check out TheCeyone– browse through a selective range of villas, plots and apartments in Bangalore, Hyderabad, Mysuru and Hosur.
