The changing patterns in the real estate industry & work from home culture

The COVID-19 era presents a thoroughly transformed real estate market, with choices rotating to accommodate new market realities. With work-from-home a viable option even after the lockdown, many prospective homebuyers will shift to the outer areas for bigger homes and a better lifestyle - at more affordable prices, say reports.

The previous standards of Indian housing - the walk-to-work/ short drive to work, by description only in and around central corporate workplace hubs - may cut some of its popularity for the middle class.

The businesses & the millennials new-found favourite for buying rather than renting homes are among the most popular new residential real estate trends of the COVID-19 era. This can be predominantly seen in the parts of NCR, especially in Ghaziabad, Rajnagar Extension, Noida, etc. With the rise of the WFH culture, many may now prefer to live in more spacious and cost-effective homes in less central areas. Hence there has been a growth seen in the residential properties in Rajnagar Extention, 2/3 BHK flats in Rajnagar Extension. While sufficient supply currently exists in most of the peripheries, this new demand will eventually also dictate fresh supply. Bigger homes, affordable prices and more generous open spaces in the peripheral areas will draw demand from tenants and buyers, which can be seen as per the Anarock reports. 

Affordability and Price Quotient

Apart from changing real estate consumer preferences in a strengthening WFH environment, affordability is an enduring concern, especially to the backdrop of an ailing economy and job loss/uncertainty. The peripheral areas are more affordable both from a rental and purchase perspective. One can certainly look to buy great properties in Rajnagar Extension with SG Grand. SG Grand offers superior affordable 2/3 BHK apartments in Rajnagar Extension, which has a spacious lush green garden, security, amenities such as gym, swimming pool, indoor games, open gym, the clubhouse, multipurpose hall, high-speed lifts, etc. 

SG Estates is one of the trusted and the best property developer in Ghaziabad with 30 years of its service in the real estate sector. Hurry up and book your ready-to-move-in flat today and invest in for your healthier life in the future!