Residential Plots and Villas in Demand
While the need for owning a safe haven surfaced more than ever, the requisites accompanying the desirability showed a substantial shift. With an emerging need for a low-density living accompanied by the necessary social distancing measures, independent homes are witnessing a rising demand. A budd
Published -
Oct 23, 2020 4:40 AM
While the need for owning a safe haven surfaced more than ever, the requisites accompanying the desirability showed a substantial shift. With an emerging need for a low-density living accompanied by 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 prioritized safety and security as an imperative element, alongside easy access to essential services. Fulfilling such essentials, villas within gated communities have garnered a lot of attention from current home buyers. The work from home trend has brought in radically drifting demands. Homebuyers are now willing to move a little away from the city centre to own properties that fit their needs. A property in the peripheries with excellent connectivity ensures a cleaner, healthier lifestyle as well as the much-needed space to offer villas with private gardens. A recent FICCI-ANAROCK report also states that the demand for plotted developments is on a rise since self-owned homes (villas or row houses) provide better social distancing. Another ANAROCK report mentions top-notch developers venturing into plotted developments – this further opens up avenues for prospective homebuyers looking for Grade A developers. From an investment standpoint as well, plotted developments offer multiple advantages with potentially good returns on land investment, relative affordability as compared to built-up real estate and especially the proposed infrastructure projects in city peripheries creating a strong rationale for investing in land at present. 79% of the survey participants also voted for landed properties and independent homes as the best real estate investment option with a majority of them inclining towards having an independent home on their own land.
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