Mumbai’s Real Estate: The Trend of Building Community-Centric Spaces

Mumbai, the bustling city of dreams, has witnessed a paradigm shift in its real estate industry in recent years. Gone are the days when a flat with four walls and a roof was enough for homebuyers. Today, people are looking beyond the basic amenities and seeking more from their living spaces. As a result, community-centric spaces have become the new trend.

With Mumbai’s real estate soaring this year, developers have turned to creating integrated townships that offer all facilities under one roof. From entertainment zones, swimming pools, parks, and gardens to concierge services, gyms, and clubs, these constructions offer a variety of options. These townships are essentially gated communities with amenities catered to families and people looking for a luxurious lifestyle.

The idea behind these communities is not just to provide a luxurious lifestyle but to build communities and create social interactions. Thus, the designs of these townships are centred around the concept of community living. Several developers have started to build townships with lush green spaces, walkways, and common areas to foster social bonding.

One such project is Hiranandani Estate in Thane, which covers 350 acres and is home to over 5,000 families. The project boasts of amenities like a swimming pool, clubhouses, a cricket ground, a skating rink, and a meditation garden. It also has a retail complex that includes supermarkets, restaurants, and cafes.

Another township in the city gaining popularity is the Runwal Gardens in Dombivli. Spread over 115 acres, Runwal Gardens offers a grand clubhouse, a library, a pharmacy, a day-care centre, and a mini-theatre for its residents. The township also has several sports facilities like a swimming pool, a tennis court, and a basketball court. It has a plethora of open spaces like gardens, jogging tracks, and kids' play areas.

This trend of community-centric spaces is not only limited to townships but has also seeped into standalone residential complexes. Developers are building high-rise buildings with a plethora of amenities like a rooftop infinity pool, a gym with a trainer, a game room, and more. Builders are also incorporating open spaces like lawns, jogging tracks, and barbeque terraces in their designs.

One such project is Kalpataru’s Avana in Parel, which includes apartments ranging from 3-5 BHK. It has an exclusive clubhouse with a mini-theatre, a squash court, a gym, and a pool. The building also has a green terrace garden.

The demand for community-centric spaces in Mumbai’s real estate is not just limited to affluent families. The younger generation and single professionals are also seeking these spaces. Developers have started to cater to them by offering co-living spaces with amenities like laundry services, housekeeping services, and a shared kitchen.

The demand for community-centric spaces has been on the rise in Mumbai. Builders have recognized the changing needs of consumers and are incorporating community living in their designs. With Mumbai’s population growing every year, the need for such spaces will continue to rise. As a result, we can expect developers to create more community-centric spaces in the years to come.