Emerging Trends of the New Homebuyer

 

The pandemic saw a major shift in almost all segments of consumer habits. The real estate sector was not immune to these winds of change. While an initial wobble and a period of uncertainty definitely led to a dip in demand, a new direction and path was also shaping up. Below we specify four big learning’s for new home buyers.

The Need for Space

Space has always been an important factor in real estate purchase decisions. It has also always been looked upon as a premium factor. The greater the space available, the greater the price one has to pay. As COVID-19 forced people to live, work and play indoors, a newfound appreciation for the importance of space was born. What was once seen as a premium was now looked at as a necessity.

A parallel conversation was also happening with regards to topics such as using colors to give a greater impression of space or smarter utilization of nooks and corners for a better utilization of existing areas. What all of these indicated was that the world was in genuine need for space. 

Work from Home Necessities

As the WFH era came alive, it became necessary to address specific concerns including the need for office space along with furniture and related set up. This resulted in an increased demand for study rooms and/or conference call nooks to name just a few potential problems.

Health

The pandemic years brought health to the forefront of our consciousness. For homebuyers, this trend was reflected in a growing desire for holistic developments that meet 360 degree living needs – including the need for community, green spaces, and open areas to meet, socialize and exercise in. Nothing reinforced the importance of these factors better than the lockdowns of the past couple of years.

Less Commute

Another important lifestyle change in the making was from the realization that we spend far too much time travelling to and from work. As more people stayed indoors in the last couple years, the role of commuting was looked afresh by a fresh pair of lenses. Having a home close to work or at least close to transit points has become a primary factor for many potential homebuyers. Developers with an ability to meet these unique requirements come out ahead of the pack. At Oberoi Realty, we offer some stellar properties that can perfectly address these new age concerns of customers. Most of our properties are developed with ample space to offer inside and outside your home. Your options start with 3 and 4 BHK apartments which are well-equipped with most modern amenities, security features and more. For instance, take the Sky City by Oberoi Realty Borivali (E). Located in one of Mumbai’s greenest neighborhoods, it doubles up its green quotient by offering beautifully landscaped gardens among other offerings. With the Western Express Highway and the proposed Metro Station in close proximity, the project is well connected to business districts and leisure options like malls, theaters and other escapes. All of this makes commutes – for work or leisure – a less daunting task than before.

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