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Till about a decade ago, it was quite common for professionals and office goers in Mumbai to spend an hour or more commuting to work. Stress, fatigue, exhaustion and a lack of a life outside work took its natural toll on mental health and wellbeing. These past few years, however, have put much emphasis on work-life balance. Professionals now look forward to climbing the career ladder to dizzying heights, just as much as they love their family time and vibrant social lives. This is one of the central themes that is driving demand for residential projects with excellent commercial accessibility.
The Luxury of Time
Time has truly become the new currency. The era of lengthy, tedious journeys from the suburbs to the business districts is over. This is an age of driven individuals who dedicate themselves to their careers but equally cherish their family and social moments. Residential developments located at the heart of commercial areas and business hubs are the holy grail for achieving work-life balance. Some of the best real estate developers in this country are developing premium projects to meet these needs. Premium residences such as the BKC 28 by the Shapoorji Paloonji Real Estate Group, located near the dynamic and vibrant Central Business District – BKC of Mumbai, are highly sought after by entrepreneurs and professionals seeking to enrich their lives with an elevated lifestyle.
Convenience is King
With urban planners adopting convenience as a core guiding principle, residential projects that focus on short commutes to medical centres, schools, shopping and recreational centres are among the most coveted in most major cities. We live in an age when convenience is delivered to our doorsteps within minutes. This also makes it necessary to reach the nearest bank, café, mall, or school within minutes and to reclaim the time spent on tedious chores. When most of these businesses are integrated into the residential projects or available in the neighbourhood, it also encourages healthy habits like walking and biking. This is precisely the lifestyle contemporary homebuyers are looking for.
Community Cohesion
Building residential projects with flawless commercial connectivity also has unexpected advantages. One of the greatest advantages of living in or around commercial hubs or IT Parks is the sense of community they offer. The residents of real estate projects near business districts often find that their neighbours and community members nurture similar values and attitudes, and sometimes even work in the same sectors. This creates a shared lifestyle for families that work and celebrate together.
Investing in Location
Residential projects in and around commercial centres are also attractive because they are excellent investment options. In cities like Mumbai, Pune, and Bengaluru, the real estate market experiences indefatigable demand. Properties in some locations, however, see substantial value appreciation. These are inevitably neighbourhoods that are well-connected to business centres and upcoming economic zones. Not only can homebuyers expect their real estate investment to grow in value quickly, but they can also expect to find a steady demand if they choose to resell or rent their property at a later time.
Best of Both Worlds
Residential real estate projects in close proximity to commercial centres offer the benefits of living in secure and safe environments as well. These are usually lively, active neighbourhoods with robust security infrastructure, making them a natural choice for young professionals, children, senior citizens, and families.
From an urban planning perspective, mixed-use neighbourhoods offer untold advantages. They break the monotony of purely commercial or solely residential locations and offer the advantage of adding green spaces and spectacular views, creating a more sustainable urban zone.
Planning residential projects in or near commercial centres, financial hubs, and economic zones offers significant benefits to developers and homebuyers alike. This is why some of the best real estate builders in major cities are keen to offer premium residences with sophisticated community amenities and a plethora of amenities in these areas.
