The Covid-19 caused a pandemic and the following lockdown considerably changed our lifestyle. While the necessity of owning a shelter surfaced more than ever, the prerequisites following the usefulness registered a substantial shift. As we slowly adapt to the ‘new normal’, the changing preferences of present-day home buyers have significantly influenced their purchase and investment decisions. With a growing need for low-density living accompanied by the important social distancing measures, independent homes and apartments in Delhi are seeing rising demand.
A growing choice amongst new home buyers, independent homes, or villas provides the needed option to customize homes as per one’s choices along with larger multi-purpose usable spaces. On top of that, buyers also prioritize safety and security as an important element, along with easy access to essential services. Fulfilling such essentials, flats in Delhi within gated communities have earned a lot of attention from current home buyers.
To incorporate the choices about open spaces as well as exclusivity, completely-owned properties such as penthouses in Sonepat are emerging as the most sought-after category. The work from home trend has brought in entirely drifting demands. Homebuyers are now ready to move a little away from the city center to own properties that meet their needs. A property in the outskirts with superior connectivity ensures a cleaner, healthier lifestyle as well as the much-needed space to offer villas with private gardens.
A recent report also asserts that the need for plotted developments is on the rise since self-owned homes provide better social distancing. Another report mentions top developers attempting plotted developments – this further opens up roads for prospective homebuyers looking for well known and prominent developers. Also, from an investment point of view, plotted developments offer multiple benefits with potentially good returns on land investment, relative affordability as compared to built-up real estate, and especially the proposed infrastructure projects in city peripheries creating a strong rationale for investing in the land at present. This can be observed as the demand for the plot for sale in Panipat is on the rise.
Meeting a host of consumer requirements and having numerous benefits, villa living is the new way to go. A large autonomous home assuring maximum privacy and security, along with the availability of open spaces and essential conveniences nearby is a dream home that one aspires for. Keeping in line with this upcoming trend and potential in the segment, Parsvnath Developers is seeing growing interest in its luxurious villas and condominiums in Delhi.