The COVID pandemic caught humans unawares and confined us to our homes for extended periods of time at a stretch. The lockdowns, social distancing, and resultant culture of working from home brought attention to the need have own our homes. Now with the pandemic easing off and people venturing out of homes, the real estate sector is seeing a resurgence.
Post-COVID, real estate development companies, optimistic about a revival in the sector, are going ahead with their numerous residential projects. Builders have recognized that the world today has changed from what it was and have adapted to this change effortlessly. The new normal of current times has induced the Indian real estate industry to emerge stronger and even more vibrant.
Inquiries for sales of residential units from homebuyers have been steadily increasing and are soon expected to touch pre-COVID levels. Real estate developers are cautious but optimistic about the recovery of the industry and are expecting a surge in sales. The sector is witnessing increasing investment by NRIs in luxury residential real estate, especially in developing cities such as Bangalore.
The pandemic gave birth to the culture of working from home, and today, there is increased demand for multifunctional spaces. Modern homebuyers are looking for residences with home offices, space for exercise, as well as ample space for every member. Developers are today designing and constructing large and luxurious housing units that meet every need of the contemporary home investor.
In keeping with the new normal, today’s residential developments are being developed to have an abundance of open, green areas. There has been an increase in the number of home loans due to the reduction in home loan interest rates. Today’s home investors are choosing to invest in lavish residential projects being carefully developed by reputed real estate development companies.
The Prestige City new launch township at Sarjapur Road, East Bangalore.
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