We found 0 results.
View results
Buying a house is a decision of a lifetime. Many put in their life’s savings to buy a house while some others plan in advance to take a housing loan to finance their dream home. The last couple of years have turned certain best-laid plans on its head. Nevertheless, it has also put some new trends under the spotlight. Here are 6 interesting ones.
1. Preference for the peripheries
Till a few years back, home-seekers were scouting for a house in established neighbourhoods in the city centre. Since most of the premier schools, colleges and offices were located around Residency Road, Brigade Road, Koramangala, Malleswaram, Bannerghatta Road, Whitefield, etc, homebuyers preferred to choose to live in close proximity to them for convenience and easy access for their children. As more numbers of renowned educational institutions and tech parks set up their campuses away from the congested central part of the city, and these outskirts began stepping up the social infrastructure, a new set of homebuyers changed their preference to the peripheral areas such as Kanakapura Road, Doddaballapur Road, Sarjapur Road, Rajankunte, Devanahalli and even as far as Nandi Hills.
2. Upgrading to bigger homes
There is a rising need for functional and flexible homes with the ability to convert rooms into workspaces. The WFH trend that emerged in the wake of the pandemic has propelled new homebuyers to rethink their previous house plan and change their options to bigger homes with an extra room or ideal space to turn it into a secluded work area or a study room for the children to participate in their online classes undisturbed. Developers too are going back to the drawing board to redesign their projects to cater to this new trend among homebuyers.
3. Priority for balconies, gardens and open spaces
With health and wellness topmost priority, 2021 is witnessing a rising demand for open spaces among new homebuyers. The well-heeled, especially the HNWIs and NRIs who have experienced living in villas and condominiums abroad, are scouting for premium apartments with circular balconies, private gardens and large terraces attached to the house. The need for well-ventilated and airy living spaces with the natural breeze and sunlight streaming has been influenced by the necessity of living in healthy surroundings, primarily prodded by the pandemic.
4. Digital home purchase
Who ever imagined in their wildest dreams that people would buy a house online? The closest we got to the digital househunting platform was to take a virtual tour of the property. Following this bit of research we would usually visit the apartments for a physical tour to experience the real thing. Now, with even banks and home finance companies disbursing housing loans online with minimum physical interaction, the home purchase has moved from the physical and phygital to completely digital.
5. Demand for townships
The perpetual lockdowns, fuel hikes and WFH trend has propelled a large section of homebuyers to purchase their dream home in a self-contained township fitted out with all the latest sophisticated amenities for a lifetime of comfortable living. Townships that are appointed with in-house recreational facilities, facility management, concierge service, dedicated piped gas line, rainwater harvesting units, etc are now on the priority list of homebuyers who do not want to step out of their comfort zone to purchase goods and services. And if these townships are located in neighbourhoods with improved transport and road connectivity as well as to excellent social infrastructure like restaurants, recreational spots, educational campuses and healthcare facilities, it’s all homebuyers can wish for and obtain.
6. Rise in choice of branded projects
With more homebuyers, especially NRIS, purchasing their dream home online, they need a developer who they can trust. This has driven up the demand for credible and established developers with a great market presence and reputation. The rise in trust for branded developments will continue as consolidation of sales happens, says an Anarock survey. Financially strong and organized players are likely to occupy 75%-80% market share in the coming years, states the survey report.
Leading developers like HM Constructions https://www.hmconstructions.com/ are conforming to the rise in these trends to cater to every discerning homebuyer with a taste for the best.
- HM World City, a sweeping luxury township and the HM Indigo tower housed within its campus http://hmindigo.co.in/ on Kanakapura Road, HM Symphony with its spectacular HM Concord Tower in serene Kasavanahalli off Sarjapur Road
- HM Tropical Tree https://hmconstructions.com/index.php/projects/details/hm-tropical-tree in RT Nagar, HM Grandeur https://www.hmconstructions.com/projects/details/hm-grandeur in Frazer Town, HM
Contact us on 8880225555 to know more.