This is a time of change. The pandemic has brought a lot of changes not only in our lifestyles but also in the world. The house we live also needs a change. New projects and ongoing ventures are also expected to be planned as per the need of the hour. Therefore, developers of real estate are all set to embrace change.
- Trend of Buyer’s Market
Real estate has become the buyers’ market after the pandemic. Prominent changes are being noticed in consume behaviour and giving rise to new trends. Home buyers are now looking at various prospects in their new homes and with an evolved sense of buying preferences, developers are expected to create designs as per their need and now the developers are all set to embrace the change. So, to remain in the market, developers have to create designs that could satisfy their customers.
- Gated Communities / Integrated Townships in Demand
Potential homebuyers want to have open spaces inside and outside their houses. Areas like balcony or terrace that ensure proper ventilation and light has become a parameter of today’s homebuyer preferences. Mental health in addition to physical health has gained significance and these two could be better provided in gated communities with the availability of gym, walking and jogging trails, swimming pools and rejuvenating corners for yoga and meditation. Gated communities and integrated townships are becoming the top choice of today as it offers a number of amenities within the compound radius.
- Branded Developers Preferred
Today’s potential buyers now prefer to go for properties created by branded developers. They research the history of their ventures, their quality of construction, the standards they maintain and the schedule of delivery. Availability of amenities as well as the location of the ventures is also checked. Financially stable developers with a good track record are in demand in this era. One can witness that there is more demand for ready to move-in projects or those that are nearing completion. Developers are working on designs so as to come up to the expectations of the home buyers.
- New Designs with Additions Expected
We all had a tough time when someone in the family had to go for home quarantine. With limited space in the house and with the entire family within the four walls round the clock, quarantine and social distancing was a real challenge. That is the reason; potential buyers expect some designs with added space to facilitate life in future years. If some exclusive space could be allotted for quarantine in the gated community, then the spread of the disease may be controlled. Open plan home will be a better option in today’s lifestyle where all the common areas of the house can be accumulated in a single space and the residents can use it as multifunctional space. Moreover some area in front of the house or a room at the entrance of the house, where people coming from outside can wash their hands and feet before entering the house is also appreciated. A germ-free and clean home is the need of the hour.
- Developers- All Set to Embrace Change
In this consumers’ market of today, the developers of real estate are all set to embrace the change that has entered in our lives after the pandemic. The needs and preferences of potential buyers have also taken a turn and with new normal, we all are living a protective life with all precautionary measures. We now require our houses to have hassle – free access to green spaces and daily necessities due to which gated communities and township are on the rise. The developers of real estate are all set to embrace the change. These changes reflect in their new ventures and some modifications have also been done in the ventures which are in pipeline. With all these new trends, realty sector is entering a new growth phase and reassuring that the investments will yield robust returns. This new phase is based on the new normal which is the need of the hour and the developers are all set to embrace this change.
Written By
Kishore Reddy
0
