In 2021, India’s residential market experienced a resurgence, with home sales and new launches both increasing significantly since the third quarter of the year. Now in 2022, the market has amplified to a great extent. In this post-pandemic world, people want prudent investment choices, and holiday homes yield better returns over time than any other commercial or residential property.
Developers have been quick to embrace digital technologies to launch new projects and market their properties, and they’ve had a lot of success doing so. As a plus, the pandemic has hastened the adoption of digital technologies in real estate, which will change the way properties are sold in the country in the future. Apart from connecting customers with the best sales deals, new-age real estate platforms will now offer virtual 3D tours, virtual site visits, flat management, digital payment integration, movers and packers, and other services.
According to surveys, homebuyers are increasingly seeing their homes as long-term investments. Homebuyers are looking for more spacious spaces because their home serves as their office, gym, and even recreational space. The virus’s impact has also paved the way for larger, well-ventilated homes and second homes. Instead of focusing on buying homes near their workplace for an easy commute, homebuyers are more interested in safe indoor environments, health and wellness services, and self-sufficient homes with open areas.
With the rise of the work-from-home culture, homebuyers are looking for picturesque locations. They’re looking for self-contained properties in relaxing and rustic neighbourhoods. Investors can purchase a fairly affordable property with a consistent rental stream generated by popular home-sharing platforms, and ride the wave of capital growth that is occurring right now.