How COVID-19 has transformed home buyers’ choices in real estate?

COVID-19 effect on home buyers

A microscopic organism has taken over the world while we are advised to stay home for our own safety and to help stop the spread. This pandemic has changed our daily lives in many ways. Man, who was a social animal has now become dependent on social media for socialisation. Stepping outside of the safety of our home is now as risky as it is frightening. For those who have recently bought a new home are also facing trouble being locked in for several weeks and now wish they had looked up some more options instead of rushing and settling for what they have now. Our work lives have also seen a drastic change and we have now realised that there are many jobs that can be done from the convenience of our home. Probably, this shall become the new normal post the pandemic. Talking about the new normal, let’s have a look at what home buyers are looking for before investing on a property in the present situation.

The need to live healthier and better.

Housing complexes with more open area and greens are now the primary interest of a new home buyer. With rising demands for greenery and natural light, developers are now investing on making lush green gardens, open spaces, pools and play areas while building high rise housing complexes. Apart from the 16 sq ft balconies, apartments in Kolkata have now more to offer with high rise projects. With increased family time due to work from home, people are now able to go for a walk in the evenings or a jog at daybreak and all this without exposing themselves to killer virus. More people are rediscovering their old hobbies and sports, staying fit and breathing fresh air as a result of these amenities. Residents also seek an easy access to a health centre near their apartment to reduce the commute time during any kind of health emergencies.

Space utilisation and amenities.

With one of the rooms turned into office spaces during the work from home period, home buyers are now realising the need for small but separate spaces to cater to such needs. The need for a small space that can be used as working space or study has become the new need for those looking for new 2/3 BHK apartments in Kolkata. Hence, 2.5 BHK apartments are trending among home buyers. The lock-down has been a driving force in helping families spend their time together for the longest duration. This has however led them to feel shortage of space. Housing complexes are coming up with latest amenities like play areas, gym, library and club houses where residents can enjoy them and keep themselves safe at the same time. Although common amenities can be unsafe if proper sanitization and safety are not maintained. This questions the high maintenance costs that one has to pay even if they are not using these facilities out of their choice during such critical times.

Importance of doorstep facilities.

The lock down period has led to increased demand for doorstep services. Home deliveries help save the trouble of shopping groceries and other essentials from stores on one’s own. The local or neighbourhood grocery store has been undisputed as the greatest help by offering doorstep delivery. Home buyers who are especially senior citizens now prefer housing complexes with grocery and pharmacies nearby. Many housing societies provide grocery outlets and pharmacy within the complex to help the residents with a better living experience.

Need for well managed society.

The lock-down has triggered the need for communal harmony and mutual understanding among neighbours. Perhaps, crucial times show us unprecedented ways that we resort to in order to stay safe and healthy. People have realised the importance of lending a helping hand and how that can keep them at lower risk of getting into trouble and higher probabilities of making situations easier to face. Senior citizens and single parents are known to have received help from strangers who have turned into friends during difficult times. Both physical and mental health can be well maintained if one lives in a well-managed society.

Realtech Nirman have always stressed on the well being of the residents and felt the need for consumption of natural resources at the same time. Rain water harvesting and planting trees at the projects have been done keeping in mind the residents’ need for healthy living. Latest amenities and facilities have been an imminent a part of all housing projects by the developer.

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