The home is gaining more influence over the workplace and shaping urban planning and our real estate choices. The good news for the housing sector is that the rise in demand for long-term housing remains secular due to a young population that continues to join significant numbers of the work force.
There has been a gradual change in mindset among first-time homebuyers over the last few years who have started to favour a rental home, challenging Indians’ existing preference to buy homes.
The pandemic drives them back into wanting to own a house. During a recession, when financial assets come under strain, real estate investments provide a higher sense of security. Also an important consideration is additional space at home, as required by the work-from-home.
Source – Times Group and https://www.constructionweekonline.in/15474-reality-of-real-estate-in-post-covid-india-ahead