The Covid-19 induced pandemic and the subsequent lockdown considerably altered our lifestyle. While the need for owning a safe haven surfaced more than ever, the requisites accompanying the desirability showed a substantial shift. As we progressively adapt the ‘new normal’, the changing preferences of present day home seekers have significantly affected their purchase and investment decisions.
With an emerging need for a low density living accompanied the necessary social distancing measures, independent homes are witnessing a rising demand.
A budding choice amongst recent home buyers, independent homes or villas provide the required discretion to customize homes as per one’s preferences along with larger multi-purpose usable spaces. Adding on to these, buyers also prioritize safety and security as an imperative element, alongside an easy access to essential services. Fulfilling such essentials, villas within gated communities have garnered a lot of attention from current home buyers.
Further understanding these evolving factors, Lodha Developers conducted an online survey with about 3000 participants. Clearly demarcating the recent variations in consumer sentiments, the survey revealed that most of the participants feel the need to have their own garden or backyard lawn. The survey participants also considered privacy as an important aspect. In order to encompass the choices pertaining to open spaces as well as exclusivity, completely-owned properties are emerging as the most sought-after