By Shravan Gupta.
Real estate as we know has undergone a complete overhaul. The advent of the pandemic has made its impact felt on real estate. It has changed the way real estate functions making it a more feasible option for the future. Shravan Gupta feels this change will make way for a positive change and boost its sales. Since 2022, there have been some noticeable yet vital changes in this sector are:
According to industry experts, real estate is bound for a real shake-up. And is bound for high sales in the coming year.
- New Asset class.
Real estate is valued very high in terms of investment. Most first time and second home time buyers have realized the value of having one’s own home. By 2022, driving factors which make real estate the most sought after sector are Decentralization, Redistribution and Restructuring. These changes have played an essential role in changing the way a house is sold now. Before one had to visit a builder’s office physically to enquire. This is not the case now as restructuring has paved the way for digitization and online query.
Shravan Gupta feels this will turn out to be the essential factor in making real estate boom again.
2. Home as a focal point.
Today more than ever everyone is looking to invest in new homes. This change has been brought about due to the emergence of WFH. Most companies offer the choice of working from home or Hybrid work culture. It has restructured the thought process of first-time home buyers. When one buys a home it’s an optimum way to boost your income and live easily in a metropolitan city. Home buying is back in demand due to factors like:
– Larger homes- Builders like Shravan Gupta are focusing on making larger homes with a focus on an extra room.
– Affordable housing- Today banks are offering home loans at a low rate. This has boosted the real estate sector making it profitable once again.
– Satellite towns- It is now possible to work from anywhere hence the emergence of housing in satellite towns. It comes as no surprise that most people are opting to buy a larger home in a satellite town at an affordable rate.
Shravan Gupta feels home is the latest form of investment option for the young population.
- The advent of technology- Technology has proved a real boon for real estate. Gone are the days when one had to visit physically to buy a home. Post-COVID, builders like Shravan Gupta have shifted focus to technology. One simply has to visit a builder’s portal to have a 3D view and virtual reality of the home. It has optimized the level of communication and broadened the outreach beyond one city. Now one can view the house from anywhere.
These changes have made it possible to give a customized approach to each consumer. Shravan Gupta feels 2022 is going to be the path-breaking year for real estate.
