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How Real Estate Is Prioritising Wellbeing In 2024

As we stride into 2024, the industry is embracing a holistic approach, prioritizing the well-being of its residents as a paramount concern. Such odds-shifting in the current "house-buying" process are setting a new standard what exactly the concept of "home" is.

Goodbye to that past era when a property's value was only appreciated under the physical attributes.Nowadays, more and more people , both homebuyers and renters alike, look for oases providing them with an expression of their emotional, mental, and physical well-being.They crave living spaces that seamlessly integrate elements of nature, promote healthy lifestyles, and foster a sense of community – all while providing a respite from the hustle and bustle of modern life.

Developers and Architects play a paramount role in making residential spaces more interactive with the biophilic design by introducing new ideas and strategies.Imagine living in a building where lush greenery adorns the walls, and natural light filters through strategically placed skylights, creating an atmosphere that feels like an extension of the outdoors. Apart from that, this modern way of design elevates the aesthetic appeal but also contributes to better air quality, lower stress levels, and a brief breathing-the-fresh-air space.

But the pursuit of well-being goes beyond mere aesthetics. The latest technologies are finding their way into residences applications which allow the residents to keep track and maximize utilisation of the living environment.Smart home systems now offer the ability to control lighting, temperature, and even air purification, ensuring that every aspect of the living space is tailored to promote optimal health and comfort.

Developers and architects are rising to the challenge, reimagining residential spaces with a focus on biophilic design principles. Let's say your building features green walls, inviting biophilic design, along with thoughtful skylight placement that brings the outside in and creates the sense of an added dose of green nature.Such innovative designs not only enhance the visual appeal but also contribute to improved air quality, reduced stress levels, and a heightened sense of tranquility.

However, the matter of well-being is not as simple as merely keeping up with the trends.Cutting-edge technologies are being seamlessly integrated into residential properties, enabling residents to monitor and optimize their living environments. Now Smart home systems, which allow one to control lighting, temperature and even air filtration, have the excellent functionality of bringing about such a living space that is perfect to ensure the best health and comfort without a doubt.

Moreover, the concept of community is taking on a newfound significance. Planners in architecture are thoughtfully planning the space in a manner that encourages social linkage, either by means of joint terrace or common gardens or integrated event spaces for community activities.After all, numerous studies have highlighted the profound impact of social support on overall well-being.

Certainly, the development of residential communities targeted on health, fitness and either physical or mental well-being, is one of the most significant breakthrough in this sphere.These meticulously planned neighborhoods are designed with the sole purpose of nurturing the mind, body, and soul of their residents. There are walk paths all winding their way through the sapling trees and grounds or parks with modern gym equipment and meditation gardens. Communities have developed this holistic approach to the people that go beyond the four walls of the individual apartments.

With each passing day, the real estate domain inevitably gets intertwined in the way the world progresses and life comes to be.By prioritizing well-being, developers and architects are creating living spaces that not only meet our physical needs but also nourish our emotional and psychological well-being. Year 2024 and the era of new measurement will be “most squared footage” but real value will be in properties that only lift up the depths of human experience and give opportunity to get a true balance with the nature of our existence.

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Dr. Maithili Tambe

Guest Author CEO of The Academy School (TAS)

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