Embracing The Real Estate Boom
CULTURAMA|October 2021
While the pandemic may have initially slowed the real estate dreams of buyers and developers, the trend is seeing a dramatic surge in recent times. Sowmya Putran looks at why it is worth investing in real estate now, more than ever
Sowmya Putran
Embracing The Real Estate Boom

Real estate's popularity as a stable asset increased perceptibly amidst the COVID lockdowns. Investment in real estate today needs a new strategic approach than purchasing a house for personal use. A CII-Anarock COVID-19 Sentiment Survey showed that almost 62% of the people surveyed considered it expedient to invest in a house right away. The study-from-home and remote working culture have resulted in buyers seeking larger homes, even if it entailed shifting to second- or third-tier cities. Also, the 48% of respondents opting for real estate as an asset class are the millennials compared to 17% before the outbreak of the pandemic.

For most people in India, a home is a once-in-alifetime purchase and buyers generally are very open-handed when it comes to shopping for their dream abode. With migration as the core idea behind job search and life in bigger cities, realty saw a boom in the past two decades and is likely to flourish in the coming years as well.

Denne historien er fra October 2021-utgaven av CULTURAMA.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra October 2021-utgaven av CULTURAMA.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA CULTURAMASe alt
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Embracing The Real Estate Boom
CULTURAMA

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CULTURAMA

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CULTURAMA

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CULTURAMA

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CULTURAMA

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CULTURAMA

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CULTURAMA

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CULTURAMA

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