The real estate market has changed its strategy on how to reach out to buyers after the pandemic. It is with the recent supply of projects with better facilities. When the pandemic started planning for the future took hold. People just wanted to be safe and healthy. Many people had pay cuts or lost their jobs during the pandemic. Nobody felt the need to invest in real estate then. Also, as people kept to their homes, it acted as a time where they realized their way of living and reconsideration improved it. Major lifestyle changes were demanded and now as the situation is more settling the real estate sector highlighted the significance of more space and a safer and cleaner environment.
The communication of the buyers was met by many industrialists in the city of Gurugram when people came out for property hunting. The market began to pick up momentum after May 2021, and 2022 appears to be even more promising. The traditionally investor-driven real estate market is being taken over by end-users and their requirements with homes. In the residential sector, the transition from investor to end-user began a few years ago, and with COVID, the scale has tipped even more towards end-users.
Following the pandemic, the residential market is booming again in the form of in-demand locales and preferred configurations. Larger apartments were in the highest demand during the April-June quarter of 2021, followed by affordable units for nuclear families. During COVID-19, people realized the importance of homes and their way of life rather than features that attracted them before like accessibility to workplaces or affordability in determining where a homeowner wants to live, and places that met people’s fundamental infrastructural needs. People paid most attention to space and liveability conditions.
The residential sector saw the most increment as homeowners noticed price stability, availability of well-managed facilities, and easy accessibility in Gurugram. The buyer’s focus is on the project’s overall outlook as the customer wants an assurance of a healthy lifestyle. People are even prepared to pay a little extra for conveniences that help them get the lifestyle upgrade and make their lives easier and better. People have increased their standard of living and these choices must be met in the future with these great properties in Gurugram.
Also, Gurugram is the hub of various MNCs and posts a great job opportunity therefore many joint and nuclear families like to settle in Gurugram. There are various other establishments like great schools and malls which are necessary for a good life. It is a perfect place to move to have a good lifestyle.