Over the last decade Bangalore has clearly emerged as the startup capital of the country. And the real estate space in the city is now largely fueled by a new wave of startup energy. As an increasing number of the city’s working-class populace turn an entrepreneurial leaf, there is a renewed sense of aspirations that have come to define everyday basic needs.
Easy commute to work, availability of everyday necessities and few basic amenities – this was the making of a dream home of the yesteryears, today’s aspirational home buyer demands a whole lot more.
A lot of features and amenities that were once considered luxury have now come to be viewed as necessities, if not comforts. The aspiration for a good, luxurious lifestyle is now at the heart of the new-age home buyers.
Developers have certainly caught this wave and state-of-the-art designs, amenities and top-of-the-line features have now become commonplace. Not just the ambiance that is internal but an increasing number of residents want exciting, serene and pollution free external environment.
Greenery, wide-open spaces, recreational avenues, health benefits, club houses, pools & parks, libraries and even amphitheaters – the list of amenities that the aspirational class now demands is almost endless; and the developers are only too happy to play ball. This two-way confluence of demand & supply has elevated the real estate portfolio of Bangalore to a whole new level.
Just like the start-up culture continues to alter and enrich the city’s economic and technological landscape, it continues to define and improve the city’s real estate fabric.