The work-from-home has become the new fulcrum for home-buying decisions.
A major transition to work from home due to pandemic has impacted home buyers’ choices. Post quarter June, it has been observed that larger and more spacious homes have increased demands among property seekers.
The report says that home buyers who wanted to benefit from low home loan rates and reduced properties have led to increasing the demands in the market.
However, a new wave for spacious homes with additional amenities like swimming pools, jogging areas, co-working spaces are in high demand due to the change in the work from home. Most of the service class are now investing in apartments as they have to spend more time at home than earlier.
Migration of people has also been observed due to pandemic that has given rise to residential properties in tier-II cities as remote working has taken over. Individuals working in the cities away from home town are now deciding to invest in a property in their hometown.
People living in the rented properties for a long duration due to ambiguity in their work location are now opting for ready to move in property.
It is now clear to say that the work from home has transformed the home buyers outlook quite a lot. Those looking forward to investment properties in Navi Mumbai are now looking for apartments that define their modern lifestyle than just settling for a reduced cost
Now, focus on searching for a better locality with an array of amenities, expansive rooms, and legitimate security facilities. Commute time is no longer an obstacle to own a dream house.
Work from home is the future. Investing in a real estate property will give you benefits in short term as well as long term.