In January 2023, it was reported that India surpassed China to become the most populous nation worldwide. As per the World Population Review, India’s population stands at approximately 1.4 billion. With half of this population being under the 30s, India is set to become the fastest-growing economy globally in the next few years.
With the rising population, the cities evolve, and the preferences of individuals change. According to the real estate agents in Mumbai, one of the significant lifestyle changes they have witnessed in recent years is the demand for luxurious residential properties in gated communities. It is expected that by 2025, approximately 24 million families will be residing in the gated communities of India.
So what exactly is a gated community?
Constructed over massive plots of land and within enclosed spaces, gated communities give their inhabitants a sense of exclusivity. They provide a strong sense of community and have all the essential features like hospitals, educational institutions, and entertainment centres. Therefore, gated communities can be considered mini-cities.
With the availability of premium amenities at walkable distances, gated communities are becoming the next big phenomenon in real estate. Even though the best residential buildings in Mumbai are still in demand, the surge for luxury apartments and villas in gated communities is quite significant.
So what is causing this surge for such communities in India? Increased disposable incomes, improved standard of living, and the demand for a greener ecosystem are primary causes for the popularity of such communities. Furthermore, in recent years, among different sorts of residences, investing in luxury villas or apartments in a gated community is regarded as a wise financial decision.
Let us look into a few advantages of investing in a gated community-
High return on investments/ ROIs
When it comes to investing in real estate, gated communities are a great option because it delivers a high return on investment. Residential properties in gated communities have high resale value. The demand for such real estate properties keeps increasing, and their market prices are high. Whether you rent or sell, luxury homes in gated communities will fetch you increased returns, especially if they are in prime locations of metropolitan cities and are built by a reputable developer. Thus despite the exorbitant prices, such real estate properties are perceived as rewarding investments by high net-worth individuals/HNIs and non-resident Indians/NRIs because of the assurance of steady returns.
Safety, Security and Privacy
Tenants of housing societies often become victims of vandalism, theft and heinous crimes because the management was frivolous about security. However, when it comes to gated communities, the safety of the residents is given the topmost priority by the developers. Numerous safety protocols are implemented to improve the security of its residents. Denial of entry to non-residents is beneficial particularly if the gated communities are in high-traffic areas. For instance, you won’t have random salespeople coming to pitch their sales and put you in a tough spot because there is an entry restriction. Furthermore, it also improves the privacy of its residents. 24/7 surveillance, digitalised keypads, and vehicle-based access mechanisms are a few other strict safety protocols implemented to make you feel safe and secure in gated communities.
Modern and Superior-quality Amenities
In gated communities, you have access to premium-quality utilities. Such utilities elevate your lifestyle holistically. Gated housing communities have provisions for engaging their residents in recreational activities. For example, gated communities have parks specifically designed for children’s entertainment. These parks are built within a walled perimeter, thereby ensuring children’s safety. The health of adults is also given equal importance in gated communities. Hence, there are facilities like fitness centres, healthcare centres, heated pools, spas, and yoga and meditation halls. Besides these, additional facilities like shopping malls, entertainment centres, commercial establishments, cafeterias, elite educational institutions etc. are available at walkable distances. Thus, residents can save their precious time.
Social Surroundings
In recent years, gated communities have become the ultimate choice for living among young homebuyers. These communities are seen as ideal for family life. Besides safeguarding the security and privacy of its residents, gated communities provide a strong sense of community. For instance, attending events in the clubhouse and meeting neighbours in yoga halls or spas can lead to the development of trust and belongingness among the residents. A sense of belonging is necessary for improving the overall health of individuals. You can enjoy solitude as well as share your experiences with fellow residents when you desire it. Social gatherings like picnics and charity drives are often organised in gated communities to improve personal relationships among their inhabitants.
Sustainable Living and Exposure to Nature
Rising pollution in metropolitan cities is causing severe health problems among young individuals. Children are also often constrained to their homes to avoid the risk of diseases. However, when it comes to gated communities, they are mostly built on the city outskirts. Pocket parks inside such spaces enable children to have exposure to nature without the risk of being sick. Since there is less traffic in gated communities, its residents are less exposed to pollutants like fuel exhaust. Moreover, they are often located near water bodies and have the provision for rainwater harvesting. Hence water scarcity is not a problem for these exclusive communities. Thus, villas and apartments in gated communities are an excellent choice of investment for those individuals who prefer to live sustainably and want to avoid hustling at all costs.
In comparison with independent residential properties of Mumbai, gated communities are perceived as stable assets in the long run. Most of the necessary amenities are available within a walking distance. There are strict safety protocols to ensure the safety and privacy of the residents. Community activities are organised and residents belong to similar social backgrounds.
However, buying a home in a gated community can be expensive, and its maintenance costs will be higher than stand-alone residences. Hence, you must be cautious while investing in gated housing communities and seek the assistance of the best real estate agents in Mumbai before making a decision. With their help, you can choose the best-gated community for an elevated lifestyle.
Planning to invest in gated communities? Contact Dream City Properties today! We offer comprehensive real estate services, including buying, selling, and renting properties with assistance for stamp duty, registration, and housing loans.