The population that was born between 1981 and 1996 comprises the millennials. Most of the millennials come from basically a middle-class background but with good education in a growing economy. Today they have the financial power to buy homes in the residential projects in Mumbai. They also have the financial power to invest in the best properties for maximum returns in the real estate sector across year on year. Like any investment real estate investment also requires a proper strategy and thinking.
Let us look at some of these:
1. Spacious homes and interior design
Millennials today should look for homes that have large rooms with good ventilation and sunlight. The interiors of the homes should be in look and feel the specifications, fixtures, fittings, et cetera, should be of the highest quality. Millennium should invest in properties with a long-term vision, the designs of the room and the placement should look modern so that their homes don’t look outdated.
2. Connectivity and accessibility
Millennials in Mumbai have had to travel using local trains and public transport for education and work. It becomes essential for millennials to look for properties that are located close to major highways and public transport. This will reduce the commute time and give them a good work-life balance. Social amenities like hospitals, schools, and colleges should be close by. Malls are one of the favorite places for millennials and one situated close by is important.
3. Lifestyle
Millennials should look for real estate builders and developers in Mumbai who provide them with a complete experience of an urban lifestyle. Amenities like swimming pools, sports facilities, and gymnasiums are common these days they must look for projects with these amenities but also try and get open green spaces within the project. This will ensure their mental well-being and physical strength. Projects should also have the best facilities for socializing so that they have a healthy lifestyle within their premises. Children should be able to experience a complete lifestyle with the best activities for personal growth and rejuvenation.
4. Sustainability
Millennials are well-connected to the world and are aware of environmental degradation. Changes in climatic conditions and extreme weather are becoming severe every year. It does become important for millions to look for projects that save natural resources and reduce their carbon footprint. This will ensure that they leave a healthy legacy for their children.
Original article published at https://www.ezeebiz.in/real-estate-investment-strategies-for-millennials-in-mumbai/