Indian real estate is dynamic and evolving with the changing economic scenarios. The latest trends are being embraced by both developers and buyers. Developers are coming with innovative formats to attract buyers and making efforts to generate more and more demand. As buyers are more inclined towards owning a home than renting, the real estate market is witnessing some major trends that are shaping up the future of Indian Realty. Let’s take a look at the trends that are luring potential home buyers:
Technology
Technology is playing a pivotal role in attracting potential home buyers. Artificial intelligence has stormed the real estate industry from online home buying platforms, apps to smart home technologies. Millennial are not just buying houses; they are investing in smart homes. Buyers are targeting home compatibility with technology and smart home features. From high-end security to technologically advanced amenities and appliances, buyers are looking for every small detail that could increase the comfort and convenience level with better automation space. In addition to smart home interiors, technological trends like 3D mobile applications, online buying and selling platform, virtual property tours are appealing to the buyers’ interest.
Sustainability
Another trend catching buyers’ attention is sustainability and the rise of the green homes. Builders are becoming more environmentally conscious and incorporating sustainable features in their housing formats. Buyers are opting for houses that are designed sustainable and have green features. Sustainable housing is the latest trend following clean energy practices. Home buyers are opting for homes built with Eco-friendly construction material, green features like solar panels, rainwater harvesting systems, energy-efficient home appliances, and amenities to decrease their environmental impact. This trend is gradually catching attention and being catered by the builders in the upcoming projects. Eco-friendly concepts at home are a preferred choice of customers aiming for a healthy and active lifestyle.
Suburbs
Buyers are being attracted by the suburbs’ potential to provide an affordable and better quality of living. Customers are increasingly moving towards the suburbs outside the main cities for a better quality of living, serenity, green surroundings and luxurious amenities at affordable prices. The high price of houses in main cities is opening doors for secondary areas offering homes with unmatched values. This trend is likely to grow in 2020 and open more options for potential buyers.
Amenities
With high competition in the market, builders are coming with unique and luxurious amenities to attract buyers. The era where generation is comfort-driven, thoughtful amenities like swimming pool, movie theater, clubhouse, Meditation Park, laundry service, retail outlets, gym, sports area, etc are increasing the demand of homes with unique features. Buyers are not ready to comprise on the extra amenities that give their dream homes edge over the average home. This trend has been embraced by the builders with open arms and the luxurious amenities are now been considered as a necessity.
While the above trends are popular among the buyers and gradually securing their place in the real estate market, in-depth research could help you anticipate the shifts in the above trends.
