10 Popular Trends That Have Emerged in Indian Real Estate Post The Pandemic?

During the duration of the outbreak, the economy as a whole had difficult times. The residential real estate market recovered rapidly due to low mortgage rates, stamp duty reductions by state governments, increased home affordability, and a shift in the public's attitude toward home ownership, whereas many other industries are still reeling from the aftermath and subsequent disruptions. In fact, residential real estate saw its highest yearly sales volume ever in 2021-22.

Since the advent of Covid-19, the real estate market and our perspectives have undergone significant adjustments. An increasing proportion of purchasers favour reputable developers who adhere to ethical practises. Modern homeowners want an integrated environment that contributes to a greater level of life, as their preferences have evolved. Important current trends include:

Despite the inescapable economic slump and the market's perceptible insecurity, the concept of house ownership has gained popularity. As a result of the pandemic, home ownership is more desirable than ever. Consumers who were previously content to rent are now interested in purchasing a property. Many individuals who spend the majority of their time inside at work have realised the advantages of owning a larger residence.

Fear of a pandemic drove consumers of all demographics to reconsider their demand for big residences. A rise in the market for luxury real estate implies that buyers are more interested in lavish dwellings. It is already evident that the trend toward remote work will continue, at least in the near future. For this reason, it is essential for working professionals to choose homes with adequate space for a separate office. The demand for apartments with private gardens, balconies, patios, and entertainment areas has grown. Luxury apartments that give inhabitants with first-rate services, carefully planned experiences, and cutting-edge amenities are in high demand.

Our typical new home buyer is youthful, well-educated, and health-conscious. They are searching for secure, beautiful, and self-sufficient communities that provide all the facilities they want, such as places to work, dine, shop, and rest. These communities are often big and provide an array of services. In order to rest and unwind without leaving the house, consumers are now looking for quiet spaces inside their houses.

Multi-level amenities, unique social, sports, and children's clubs, elevated skywalks, and thoughtfully planned wellness areas are the current trend in new building, and they're here to stay. To keep up with the trends and fulfil clients' shifting preferences, you must include an ecosystem into your project.

In the near future, virtual reality (VR) will be the norm for property tours, property management, transactions, capital allocation, and even consumer behaviour. Thanks in no little part to advancements in artificial intelligence (AI), virtual reality (VR), and augmented reality (AR), new opportunities are emerging and the consumer experience is being transformed (AR). This has led to builders adopting virtual reality technology to supply potential homeowners with 3D apps for online property tours. Through online open houses, virtual bookings, and augmented reality tours, high-tech interiors and amenities are becoming more accessible to the public.

Due to these new advancements, the real estate industry is ready to enter a phase of continuous expansion that might extend for many years. Thanks to a young population and the need for expansion, the sector is primed for significant growth in the next years.