The covid-19 epidemic has forever altered the way we work. Our offices, homes, outdoor spaces, and every place you may think of have been impacted by the virus, no sector of the economy has been spared. As new trends emerge, the real estate market is not going to be the same in a post-COVID world. The demand and supply dynamics will evolve and change. Covid-19 aftermath has also resulted in a shift in consumer behavior and new trends are emerging, allowing the industry to reinvent itself.
Let us have a look at 5 prominent trends in the real estate sector in 2021.
Top 5 Distinguishing Trends in Residential Real estate
- Developer’s Reputation
With small builders struggling with a financial crisis in these times, homebuyers are turning to reputed and reliable developers to book their houses with. This unprecedented crisis has provided an opportunity for corporate developers to expand their portfolios across locations. People are willing to invest their money with a good real estate company with a good track record.
- Biophilic designs
This pandemic has taught us how important it is to live beside nature. Locked up inside houses for weeks, there is anxiety, stress, and fear which is affecting their health, personal & professional relations.
To overcome the situation, many psychologists are suggesting that being closer to nature and the outdoors, achieves tranquility and calmness. In keeping with that, many home buyers are now opting for homes that offer natural, green views, open green spaces, and well-ventilated homes.
This emerging trend is known as ‘Biophilic design’, which uses natural materials, spatial design, and views or access points to nature. Homebuyers are queueing up to book their spaces in such eco-friendly homes.
Suggested Read: How to amp up your Home Interiors with Indoor Plants?
- Living in Townships
This pandemic has altered the way living was perceived previously. Buyers prefer to invest in properties that are safe, well-designed, and self-sufficient spaces. These projects offer you community living with a self-sufficient set-up. So, under one roof you get everything you need- co-working spaces, cafes, convenience stores, fitness centers, etc within the township.
- Home office
Work-from-home and online- education has given rise to a new need among home buyers. This need is to have a separate, quiet space within the home. With most offices running from home and almost all schools working online, there is a requirement to have a functional office at home. While most luxury homes offer that extra space, now even new flats are being designed to accommodate buyer’s work preferences and style, with efficient layouts.
- Real Estate E-tours and Safety measures
The most common and prevailing trend in the real estate sector is the concept of virtual real estate tours. Homebuyers visit the website first, fix a virtual meeting and take an e-tour, before opting for a site visit. The developers are also offering an end-to-end digital experience for homebuyers using AR (augmented reality) and VR (virtual reality) techniques to ensure almost the same experience as a physical site visit.
Since people are more cautious about hygiene measures and social distancing, they are engaging with developers who have strict safety norms. The developers these days have adopted the practice of asking customers to pre-book appointments for site visits and providing visitors with hand sanitizers, masks, and PPE kits at the site. Their employees are also given training, to ensure that social distancing is maintained.
Conclusion
If you are looking at buying a home in Pune, fulfilling all the above touch-points, you must check out projects from Parkons Group. This well-known developer from Pune has successfully delivered real estate projects for the last 3 decades. Their ambitious and upcoming luxurious project, Navkar Park, at Khed Shivapaur offers 1 and 2 BHK homes. This premium project is the perfect blend of local and international aesthetics. Offering world-class amenities and an excellent builder reputation, Navkar Park is sure to bring you excellent ROI. Parkons Group perfectly meets the expectations of today’s home buyers and changing buying trends. Book your space with them now!