Top 6 Trends In Real Estate Market
Top 6 trends in Real Estate Market in India are doing the round. There are many such projects, such as Mahindra Lifespaces Kanakapura Road, Mahindra Eden, SOBHA Victoria Park, SOBHA Royal Crest, Godrej Whitefield Bangalore, SOBHA Row Houses Bangalore, Birla Niyaara Worli, SOBHA Sentosa, Mahindra Alcove Chandivali, Mahindra Roots Kandivali, Shapoorji Pallonji Sensorium, Joyville Gurgaon , SOBHA Windsor Whitefield Bangalore , SOBHA Lake Gardens , Shapoorji Pallonji Oxford Bavdhan , Reliance Industrial Plots , Reliance MET City , Mahindra Happinest Kalyan , Godrej Connaught One, Godrej Splendour Whitefield, Mahindra Luminare, Godrej Woodsville Hinjewadi, Puri Sector 61, Godrej Pinnacle, TVS Emerald Jardin, Hero Homes Gurgaon Sector 104, Birla Shettigere Bangalore, Birla Niyaara Worli, Mahindra Tathawade Pune, and the list goes on. Real Estate Market in India has remained the most chosen asset classes. A shift in homebuyers preferences has been witnessed specially during the pandemic along with the work from home scenario. Homebuyers have become more observant and making informed decisions on their investments as the pandemic has stressed the importance of buying own home.
The Indian government’s effort towards fair housing policies and reduced home loan interest rates make it a perfect window for homebuyers to take advantage of. Homebuyers preference will now be on the lookout for townships on the outskirts of larger cities, ready to move in homes, co-working spaces, provision of a study room and comforts within the estate.
Prefer Ready To Move homes
The Real Estate Market in India and the development activities are getting back on track slowly and steadily, however, more investors will prefer residential apartments over under construction homes to eliminate the biggest risk of project delay.
Staying Away From Crowded Areas
Investing in properties in crowded areas will not be the preferred choice among prospective consumers anymore. The demand for townships on the outskirts of urban hubs, offering a much better quality of life will be more common. Builders are already offering amenities such as grocery stores, laundry, gym, pool, garden,etc. within the complex, which eliminate the need of making frequent trips to the market.
Office Space / Study Room
With work-from-home taking the front seat, developers are combining a designated study/office space in their design plans. That room will be an addition to the existing 2bhk or 3bhk floor plans. The study/office room will focus on providing good lighting and a good WIFI connection. Multi-use furniture will also allow for efficient space allotment.
Selection for Eco-Friendly Properties
Better surroundings offer a better quality of life. With homebuyers focusing on reducing water and energy consumption, the demand for green society is rising. Developers should incorporate rainwater harvesting, waste management, solar panels, etc. into their projects. With people spending most of their time indoors, providing larger balcony spaces with more greenery would also be beneficial and this would in turn help increase the green areas too.
Managing Co-Working Spaces
To take a break from the confined space within their 4 walls, homebuyers would like to work from different places within the society. Co-Working spaces in areas such as the clubhouse, cafe, parks will provide homeowners an opportunity to maintain social distancing also have an alternate location to work from.
Need for Automatic Technology
To put the homeowner’s mind at ease, automated doors and voice recognition elevators & lights are considered will eliminate the use of touch and will help maintain proper hygiene and social distancing also sanitation standards throughout the estate. The real estate market is expected to expand greatly and will continue to grow in the coming year including co-living spaces, student housing and senior living.
Are you searching a home from trusted Real Estate Developers? Check out Residential Properties such as : Joyville Gurgaon | SOBHA Windsor Whitefield Bangalore | Oxford Bavdhan | Shapoorji Pallonji Sensorium and Godrej Ashok Vihar.
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Noopur writes the content on real-estate from several years and she is one of the few writers who provide the thought-provoking content on best properties deals.