Top Real-Estate Trends to Prevail and Watch Out for in 2021

Top Real-Estate Trends

If you intend to take the decision of shifting into your new nest, the time is now; the time is 2021. 2021 is the right time to move into your new home. The adage, ‘Do not wait to buy real-estate. Buy real-estate and wait’ can’t have been any truer than this. Considering the times of today, real-estate developers are increasing their outreach initiatives to welcome you to your new abode. So if you are looking forward to signing the dotted line this year, keep in mind some top and emerging trends that you should put into action.

Buying home for self-consumption

The changing millennium mindset over the last few years had started favouring rental homes, thus challenging the established Indian mindset of “being settled” only with home purchases. The pandemic is driving back that desire to own a home, especially since the need to stay close to the office has reduced for many. There is an increasing tendency to move away from the populated and polluted city-centric areas to more affordable suburban locations.

Flexible home prices

With the Coronavirus pandemic earlier bringing life to a complete standstill, and now the opening up of the economy in stages has sparked a positive potential in the real estate market, with business activity on the rise. Towards this extent, real-estate developers have made their pricing propositions more flexible to ensure that buying a new home is not a pocket-pinch, especially in times like these. But note that there are no cutting corners in terms of the offerings, and the facilities and amenities so provided are of the best standards. A large number of ongoing projects have also opened up variety for the home buyer. So now is a great time for home buyers to sit up and take note.

Move in your resort home

A lot of reputed developers today are adding chic to the housing market by developing theme-based apartment complexes. While some are offering expansive lifestyle amenities, including spa, gym, jogging tracks, etc., others are still elevating the experience to take it to the cloud by which I mean that they are developing these at the top of their properties as the ultimate crowning glory. Some developers are also coming up with projects that encourage a resort-like lifestyle, where residents can live by say, the presence of natural water bodies and can get energized by the soothing calmness of this element.

Modern Family

Gone are the days of the glorious mansions. Today’s families are nuclear ones with an average of 3 to 5 members. They are looking for homes that are both compact and comfortable. 2 BHK flats fit perfectly in this demand like a jigsaw puzzle. They are affordable, comfortable, and compact. In Kolkata, over 51% of home buyers said that they are more likely to buy a 2 BHK. With respect to demand, close at the heels of 2 BHKs are the 3 BHKs with a 43% demand. With the impact of the COVID-19 on the job market, it is expected that the demand for modest, affordable homes will dominate over their luxurious counterparts.

So those were some of the trends that will dominate the real-estate sector in Kolkata in 2021.

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