In 2021, the Indian residential sector made a solid comeback, with house sales in the top seven cities returning to pre-COVID-19 levels and new launches nearing 2019 levels. Buying a house is a huge decision for everyone, especially first-time home buyers and potential purchasers, who like to examine the advantages and disadvantages of the property carefully. Many first time home buyers are unwilling to compromise on their preferred amenities, exacerbated by the builders all-inclusive offerings. So, what are these essential house amenities that purchasers want in their property? Here are some of the most desired property features that home buyers are looking for in 2022.
Spacious homes: The pandemic-induced changes have increased demand for flexible office space and hybrid models not only in urban areas but in tier 2 cities also. The work-from- home culture and e-learning practices during Covid-19 have significantly affected homeowner choices. Current trends indicate a growing tendency for bigger 3BHK apartments even in expanding peripheral locations. Buyers are searching for larger balconies, an extra bedroom, or even a half-room that can be transformed into a study, a fitness area, a pooja room, or perhaps a bit more seating space inside a bedroom where people can set up their interim workstations. The emphasis is also on multi-purpose spaces like laundry rooms which will also see great demand in 2022.
Amenities: Prospective house buyers desires for larger homes, luxury amenities, and more attractive prices will keep them engaged in closing transactions. As a result, demand for luxury homes is predicted to be strong in 2022. Due to Covid-19, luxury homebuyers are increasingly concentrating on enhancing their quality of life, with a particular emphasis on health and comfort. As a result, India's luxury real estate market has emerged to fill the void by offering a healthy lifestyle and luxury amenities, with distinctive architecture to support the customers notion of modern and peaceful living.
Basic yet essential services: Retail shops, medical shops, ATMs, banks, schools, hospitals are all essential services that homebuyers look for when selecting a property. With safety and security as their top priorities, homebuyers prefer to acquire a property in an integrated township where they do not need to leave the neighbourhood. A gated community offers spacious homes and a complete living experience. As a result, developers provide luxury amenities such as a drive-in theatre, health care facilities, assisted living for older folks, supermarkets, retail centres, hotels, and schools, all within walking distance of residents.
Smart designs: Consumers are opting for smart layout that provides appropriate space usage. Vital features include utility spaces adjacent to the kitchen, deck, high-end bathrooms with anti-slip tiles, high-quality completed floorings, enough room from ventilation and sunlight, and a magnificent balcony to enjoy your morning tea in a tranquil and lovely setting.
Open spaces: When most buyers see a home with a lovely backyard, they imagine themselves relaxing outside and their children playing in safe and secure surroundings. People pick apartments with more open space because they want to live in a dust-free and pollution-free setting. It not only raises the living standard of people but also makes them more active for recreational purposes while also improving their mental health by reducing stress. Gardens and balconies create a dynamic environment in the home, and homebuyers are concerned with their open spaces because it is their go-to location when they need some fresh air.
Strategic location: One of the essential factors has always been location. It's no surprise that the most significant attribute for purchasers is a home's neighbourhood location. That's the only thing they can't change. Buyers have the option of updating the kitchen, or installing all new flooring. But what about the houses location? That will always be the most important characteristic for customers.
Sustainability: Sustainability is driving the future of homes, emphasising softer characteristics, such as emotional ties and the satisfaction of doing good for the environment. Buyers with a conscientious mindset expect more facilities that emphasise holistic wellness and environmental responsibility. It essentially encompasses energy efficiency, fresh air, water conservation, and buildings with the greatest degree of eco- friendly certifications. Customers are becoming more concerned about their environmental impact. They seek ways to lower their carbon footprint through low-impact buildings, renewable energy, and wastewater recycling.
A reputed developer: One of the most vital considerations is the brand you purchase a home from. When you start looking for homes, you may first check what these well-known businesses have to offer. A reputable real estate developer can also serve as a gauge of the property's worth. This developer has all the necessary qualifications and building permits, and builds properties according to the law. A reputed company will be RERA-registered and ensures that purchasers know this. Before deciding on a developer, consider its reputation. Another advantage of buying from a reputed builder is that you will receive a high-quality product, fast project delivery, quick financing approval, state-of-the-art facilities, security, and your hard-earned money will be invested wisely.
The Goods and Services Tax Council has proposed a reduction of the taxes levied on under-construc
Real estate as the name alludes to is “real”. A tangible asset, it provides a sense of stabil
The real estate market saw a fantastic 2021. Rising knowledge about the need for more space, heal
Buying a home is akin to fulfilling a lifelong dream for most people. Since it’s a huge investm
The process of home buying has undergone a sea of change for the better. Today, you will find the
Having an own home is a dream of many. It is often considered as a sign of stability. Buying a ho
One of the most common dilemma you face when buying a house is whether to invest in a ready-to-mo
The Indian real estate industry is expected to grow to a $650 billion business by 2025. This also
World over, there are several cities that are transforming themselves and providing better lives
Working abroad usually means a great paycheck. A large portion of the paycheck is usually left fo
From an asset allocation perspective, experts advise that one should spread out their investments
Mumbai is the capital city of Maharashtra and a city that is the land of dreams. It is known for
Once you have zeroed in on the property that matches with your preferences of a developer, budget
Owning a house is a dream for almost everyone. And to help people realise this dream, the state a
Thanks to several government initiatives like reduction in stamp duty and other tax benefits, the
Indians always preferred investing in real estate, and with the sector in India reclaiming its po
Usually located within couple of hours drive from the city, weekend homes are set amidst nature a
For many, the idea of buying a flat in the heart of Mumbai is the ultimate fulfilment, but most h
COVID-19 has undeniably made us realise the value of having a home for our own. On the other hand
We have stringent anti-corruption, anti-bribery and anti-money laundering polices at Lodha.
Home loan is by far the most common type of loan that’s availed by individual
The COVID pandemic has brought about sweeping changes in our lives. It has compelled us to view t
A well-developed township offers a plethora of advantages – a great community, better quality o
Despite the recent reduction of interest rates on home loans by most banks and NBFCs, the burden
The 2020 coronavirus pandemic has made nations across the world execute lockdowns and social dist
Owning a home continues to be a priority for most Indians. However, this is step is generally tak