Highlights of the report:
- 80% of homebuyers imagine proudly owning a house is vital to their well being and psychological well being.
- Greater than 80% of residence consumers need their properties to be surrounded by open areas and greenery, each inside and outdoors.
- Extra deal with residence setup for conveniences and work/on-line courses
- Hobbies and passions have turn out to be extra common because the COVID-19 pandemic
MUMBAI, India, August 8, 2022 /PRNewswire/ – Godrej Properties Ltd. (GPL) has launched a analysis report titled “Dwelling Affordability Components” that reveals the dramatic shift in homebuyer preferences with the onset of the Covid-19 pandemic and the numerous modifications it has led to. their desire for residential flats.
Earlier than the Covid-19 pandemic, Many individuals had been extra inclined in the direction of rental housing as homes had been seen as only a place to calm down and shelter. Nevertheless, there was a price shift on this mindset and homes have now turn out to be a haven that may cater to the various wants of residence consumers. The previous 12 months has seen a rise in millennial residence possession and areas positioned close to important companies. These days, persons are extra particular of their necessities and anticipate extra than simply dwelling area from their properties.
in response to “Components of Dwelling at Dwelling”, Almost 80% of homebuyers imagine proudly owning a house is vital to their well being and psychological well being. Sustaining well being and dwelling a wholesome way of life is a high concern for many homebuyers, thus growing the demand for multi-functional areas within the residence. Homebuyers are additionally in search of extra greenery of their properties. That is additionally confirmed in research the place greater than 80% of residence consumers say they need their residence to be surrounded by open areas and greenery each inside and outdoors.
The report additionally revealed that 70% of residence consumers take into account it vital to arrange an workplace of their residence, on condition that many firms are more likely to undertake a hybrid working mannequin. As well as, newfound time has allowed folks to pursue their hobbies, with 69% of respondents contemplating their residence as a spot to develop their hobbies and passions. From workstations, school rooms, gyms, playgrounds, higher lighting for video calls, higher ventilated rooms, and extra. persons are in search of larger and extra spacious homes that may accommodate the wants of each member of the family.
Rakesh Kumarchief designer Properties of Godrej, mentioned, “Homebuyers at the moment are shifting past the fundamental guidelines and never solely are they technologically superior, however security, safety and extra. in search of very particular, customized and sensible properties that provide state-of-the-art amenities. Life at house is now targeted on well being and well-being, which has led to higher worth for an open and protected dwelling atmosphere.“
About Godrej Properties Restricted
Godrej Properties brings the Godrej Group philosophy of innovation, sustainability and excellence to the actual property trade. Every of Godrej Properties’ developments combines a 125-year legacy of excellence and belief with a dedication to cutting-edge design, know-how and sustainability. In FY 2021, Godrej Properties grew to become the most important developer India by worth and quantity of residential gross sales achieved. Godrej Properties has a deep deal with sustainable growth. In 2010, GPL dedicated that each one developments could be third-party licensed inexperienced buildings. The World Actual Property Sustainability Benchmark 2020 and 2021 ranked GPL globally among the many #1 residential builders for sustainability and administration practices. In 2017, GPL grew to become one of many founding companions of the Sustainable Housing Management Consortium (SHLC), whose mission is to unfold sustainable growth practices within the Indian actual property sector. In recent times, Godrej Properties has acquired greater than 300 awards and accolades, together with Porter Award 2019, Most Trusted Actual Property Model in Model Belief Report 2019, CNBC-Awaaz Actual Property Awards Builder of the 12 months 2019 and The Financial Instances Finest Actual Property Model 2018.
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