The Changing Parameters & The New Norms in Real Estate

Since last March, we’ve embraced the significant evidence of adaptation. Each & every one of us adapted to the new normal culture that taught us the meaning and true importance of owning a home as the best asset. The recent surveys by different institutes and research centers indicate that the emerging needs of potential buyers have increased as they wish for a spacious home rather than small and congested homes. 

The rising demand for buying homes among Indian millennials has increased to a great extent compared with pre-pandemic levels. The age group of 24-40 who until now did not give much priority to buying a home as it gave them the flexibility to switch jobs and hop cities, is now more than ever serious about owning their own home. The pandemic has made serious realizations and brought everyone closer to realizing the importance of having a home.

Real Estate now continues to be the safest & best investment option -real estate is considered one of the safest sectors to invest in. It was rated the best long-term investment ahead of gold, stocks and mutual funds, savings accounts, etc. In India, where the emotional satisfaction of owning your own property is inherently very strong, real estate will continue to grow in the long term.

Spacious homes are on top preference– Spacious living is now becoming a part of every individual’s lifestyle. The aspiration to own a luxurious & spacious home is one of the most imperative necessities of today. Prior to the lockdown, only a few individuals preferred to own larger 2BHKs. But now the demand for larger 2BHK units has increased post-pandemic. Many buyers believe that buying a spacious home would give them the privilege to transform the extra room into a kid’s study area, hobby room ora workstation, where they get to carry out their activities without any interruptions. 

Huge demand for trusted and reputed developers – A survey states that home buyers now prefer the most trusted and reputed developers, for the concern of reliability, timely delivery, and the promise of quality construction. 

The real estate sector is now seeing a rapid demand for larger homes across India. Homeowners are looking at multifunctional spaces, which help their separate work and life for optimal productivity. In most cities, homebuyers are opting for 2 & 3 BHK units, wherever they can purchase them within their budgets.

Many home buyers are willing to make a smart move into a home that has everything they need, right from doorstep conveniences to prime connectivity, basic necessities in the vicinity, and a sense of community living.

The pandemic situation has given rise to a new style or necessity of working and that is Work-from-Home (WFH) and that is why people now spend a lot more time at home with the family. Therefore, having larger and comfortable spaces with an amenity-rich community is of the top preferences.  

We at Right Channel Construction have always strived to offer our customers super-spacious, comfortable & luxurious homes that are ideal in every way to fulfill their needs and desires for a perfect, safe, and opulent home.