Homebuyers’ Preferences and Product Metrics

The real estate market is likely to foresee certain defining new trends which will lead to quality living

The Covid-19 crisis has undoubtedly shaken up things and significantly changed the entire world for many generations to come. Globally, industries have been sorely affected by this crisis; however, for the realty sector, the pandemic has proven to be a blessing in disguise. The residential segment of real estate is picking up and experiencing demand beyond expectations. It is surprising that the last quarter of 2020 saw a sequential growth of 51 per cent in the residential sales despite the economic uncertainty (as per a report released by JLL).

In India, purchasing a home is a lifetime investment for a homeowner. It’s no wonder then that homebuyers tend to do extensive, in-depth research before they decide upon their dream residential space. There is a lot happening in residential real estate – evolving home buying trends among millennials, rising demand for luxury real estate, a preference for flats with in-built study (a preference which is an outcome of remote working) and so on.

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