New Essentials of Real Estate 2022

The COVID-19 pandemic saw a surge in the demand for spacious homes that could also double up as home offices. The ensuing economic slowdown, however, had impacted the real estate sector, putting luxury living on the back burner. In 2022, however, we have seen a revival in the market as prospective homeowners have now started looking at buying projects that offer much more than just generic utilities and amenities.

Comfort, aesthetics, green spaces, and lifestyle have now become buzzwords for prospective homeowners. Getting away from crowded and boisterous neighbourhoods is on the top of the mind, with the urge to find sanctuary in greenery amidst the lap of nature. The new real estate projects that are coming up are now focused on balancing this demand with the advantages of living in a metro. 

Sustainable Living 

Homeowners are now looking for lush residences that can boast of being a cosy and beautiful, green haven. The core sensibilities revolve around large, flowing spaces that optimise sustainable living. Enhancing natural lighting, installing solar panels, setting up environment-friendly waste management & recycling systems, and rainwater harvesting are now essential features for sustainable living in luxurious homes. Another feature that is becoming increasingly attractive is the practice of cultivating vertical gardens, nurturing green spaces, designing outdoor patios, and gathering spaces.

Smart Homes

Smart homes are residential projects with energy optimisation systems, intelligent water and waste management, remote security systems and home automation built into the projects. The use of innovative technology like IoT creates smart systems, which can be controlled remotely by homeowners. According to a recent report, the smart home market in India is set to grow from USD 3.1 billion in 2020 to about USD 5.5 billion in 2022. Therefore, the demand for automated homes, perfect for ultimate comfort, is on the rise.

Fitness and Lifestyle 

With health, fitness, and an active lifestyle taking priority, it has become pivotal that developers concentrate on meeting this need to facilitate living within a clean and green project. Jogging tracks, sports courts, parks, gardens, and pools are now essential amenities in most residential projects. Swimming pools and yoga spaces have indeed become indispensable and are in most cases seen as essential. Upscale projects have combined community spaces with intriguing themes to enhance the emphasis on health and happiness. 

Focus on Aesthetics

Residential living is no longer about the mundane, the ordinary or the expected. Luxury living aims to elevate your lifestyle to encompass the sublime, the soulful, and the divine. Homes today are designed to balance simplicity with functionality. 

Art, design, colours, and concepts are at the very heart of tasteful living, and these are what homeowners are looking for in the context of luxe living. 

Urban Living

A bird’s-eye view of real estate trends in 2022 also emphasises a high focus on convenience and connectivity. Cities like Bangalore are emerging as hotspots for people that seek proximity to commercial shopping & wellness centres, schools & healthcare facilities, along with multiple entertainment options. Prospective homeowners are looking for a suburban feel with oasis-like seclusion while being in the heart of a metro. 

Phoenix Kessaku is an amalgamation of tasteful design, a rendition of premium materials and opulent decor with a harmonious yet vibrant spirit. The homes here reflect natural elements and are designed to exceed expectations in terms of luxury living. It is an inspired attempt to redefine modern living through nature’s bounty. A cosmopolitan culture, pleasant climate, and sophisticated lifestyle are now essentials, and Phoenix Kessaku has been designed to meet these very needs.