A perspective for Homebuyers in Hyderabad: Why upgrade from a 2BHK to a 3BHK
11 reasons to upgrade from a 2BHK to a 3BHK- a perspective for homebuyers in Hyderabad A home is where our story begins! There’s something very nostalgic about a home since it’s a place we choose to make our own!! A home is where you connect with your loved ones, make your family, provide for them, create memories, and end up becoming the most beautiful place on Earth. The dilemma of homebuyers is big when they are grappling with a choice- choosing between a 2 and 3 BHK. The budgetary constraints sometimes put a boundary around our choices. While there is nothing inherently wrong with a 2 BHK or even a 2.5 BHK apartment, the intent in this article is to put across the right reasons why a 3 BHK scores over a smaller apartment. This article is meant for those who have the capability to afford a bigger 3 BHK space by citing very practical reasons. A perspective for Homebuyers in Hyderabad:Why upgrade from a 2BHK to a 3BHK 2 BHK 3 BHK Difficulty accommodating all family members due to lack of space Can easily accommodate up to 6 family members with more space Lack of privacy- No scope for an independent room for children. As time goes by, a 2 BHK invariably feels more suffocating. The children also need their work, study,, and play space. There is hardly any scope to add more entertainment-related or exercise-equipment in a 2 BHK even if you have the ability to buy them. The reason, you cannot add more space to your existing home In the case of 2 children, each one get more privacy and time to study, which is healthier for their mental growth. Your home is simply more inviting, more welcoming with bigger rooms, and you don’t feel caged when getting under your own roof. It’s a place where you can relax, rejuvenate and spend quality time with your family. A 3 BHK gives you a sense of airiness and tranquillity Inviting guests becomes difficult. If you do, you are forced to give-up your room to accommodate them You can easily accommodate guests without disturbing your own and your children’s privacy Rooms in a 2 BHK get cluttered with more personal belongings, additions etc. The furniture tends to occupy a lot of space, and this is NOT visible initially while seeing a 2 BHK home-plan. As time passes-by, a 2 BHK gets more and more claustrophobic You get more spacious rooms in a 3 BHK. Since belongings are well-spread out, it feels de-cluttered. You can accommodate more furniture, have much more flexibility available for renovations/additions. More space simply means more fun and more peace of mind Possibility of balcony is less or reduced. With a 2 BHK, builders want to give you more space inside the house, and homebuyers do not see much value in balconies Scope of balconies is more in a 3BHK, and more space to lead a more free and contented life with unrestricted access to the skyline of your area Utility room may or may not be provided Utility room usually comes with this. In post COVID times, this is an important feature for laundry and kitchen related storage. Family members can be more self-reliant for their daily needs like washing, ironing, storing food, clothes etc. A utility room allows you space for keeping pets too A 2 BHK is definitely smaller, hence, cheaper. But, it does not meet family needs in the long run. You may hesitate to invite guests to visit you. Even your guests may not be comfortable visiting you due to lack of adequate accommodation in your home, although your love for them would remain unquestionably high A 3 BHK is 20-30% more expensive but makes for an excellent choice in the long run. With children growing-up, and getting married, they will also add to the strength of the family. Plus, a huge respite when you have to entertain or invite guests to your home A 2 BHK may not be a good investment option when looking at a 5+ years of time frame. 2 BHKs are in demand in localities like West Hyderabad- Gachibowli, Madhapur, where per square foot prices are higher. The same homebuyers can buy a 3 BHK in more economical locations. Plus, in times to come, people are more likely to buy beautiful and spacious 3 BHKs in good localities People are increasingly looking at 3 BHK homes for a comfortable living, Invest in a 3 BHK in a decent locality of your choice, and you stand to gain. For instance, in more peaceful places like Yapral, Sainikpuri, Kompally, Tarnaka, the demand for 3 BHK and bigger apartments is high because they are cheaper than Western Hyderabad (IT hub) 2 BHKs are good for renting. But with pandemic, people are now increasingly seeking a 3 BHK for want of more work-from-home space 3 BHK will keep getting more and more preference due to pandemic related realities of work-from-home, and a need for more air to stretch your legs and walk around. With home getting converted into offices, the perspective both homebuyers and those seeking home for rent are favouring a 3 BHK Possibility of more than one car parking is lesser These days, many builders are providing 2 car parking slots with 3 BHK units The space tends to run out very fast in a 2 BHK for family members, and you may rethink about acquiring a bigger home much sooner than you expect Going for a 3 BHK means you are likely to stay put in that locality and apartment for a longer time, perhaps, for you entire life. You can entertain. A 3 BHK also signifies you having achieved a certain level of status in your life While this is an intriguing and difficult decision, you need to weigh the pros and cons of buying a 2 BHK, and candidly evaluate the benefits a 3 BHK offers you in the long run! A long-term
7 things you need to check on ‘specifications’ before you book your 2/3 BHK apartment in Hyderabad!
7 Things to Check Before Booking Your 2BHK & 3BHK Apartment | Avisun Properties While buying a home, we normally evaluate 3 factors- i) A legal worry-free home, ii) Clarity on our needs/requirements, and iii) ‘Specifications’ as provided by the builder.
Vastu does not fully apply to flats- a perspective for 2,3 BHK homebuyers in Hyderabad
Vastu Shastra does not fully apply to flats, a perspective for 2 BHK & 3 BHK buyers in Hyderabad! Vastu Shastra does not apply to apartments ‘fully’, and this is a fact!! This article is to provide simple facts about the tenets of Vastu Shastra that need to be looked upon logically. We shall discuss the following: Let’s begin: Vastu Shastra, a ‘fear factor’ or a ‘science to bring harmony in life’ The fear factor of Vastu Shastra: For many home buyers, especially in Hyderabad, Vastu Shastra for home compliance becomes a top priority while zeroing down on a 2 or 3 BHK apartment. Many times, the Vastu Shastra factor takes precedence over other considerations like size, budget, and even the location. Usually, it is the fear of misery, bad luck, or discord disrupting the family which makes a typical home buyer opt for only a Vastu compliant home. Plus, no one wants to hear horror stories from their elders about all the ills and punishments that wreak havoc on those who do NOT follow Vastu Shastra principles while buying or building their dream home. Vastu Shastra pundits or consultants many times scare prospective home buyers and tend to propagate rigid tenets of Vastu Shastra which cannot be compromised upon. The threat, as quoted by these fear-mongering Vastu Shastra pundits, can involve bad repercussions resulting in a cursed and disastrous life for all the family members. If you argue it, they might even smile with contempt/sarcasm and say, “fine, don’t listen to me, and see what happens to you and your family…” This tends to get very unnerving! These Vastu Shastra pundits at times assume complete control over you and give you a ‘go’ or ‘no-go’ decision as well! Alternatively, some consultants may be encouraging and provide you with ‘solutions or corrective measures’ to undo the bad elements that hound a certain home design. A home buyer is then left to choose between the ‘most beneficial’ option/recommendation or go with the ‘least beneficial’ alternative. Either way, the threat and fear factor becomes larger than life! With such a mass following of Vastu Shastra, a home buyer simply gives up and chooses a so-called Vastu compliant flat to obtain ‘pre-ordained blessings’. This play-safe mentality is the obvious outcome of this fear factor. Home buyers want no complications when it comes to the safety of family due to some metaphysical elements harming their loved ones! The simplest shortcut, albeit solution, is–go for a 100% Vastu compliant flat and buy peace of mind. Vastu Shastra—a ‘science to have harmonious living’ based on logical and scientific reasons Vastu Shastra is like a protective shield, to protect our family members from bad luck and bad influences by harnessing the powers of nature and planets. A Vastu compliant flat is deemed to have a curative and positive effect that enhances our ‘quality of life’. Vastu Shastra revolves around the science of the environment we live in. Vastu Shastra is actually meant to integrate architecture with nature while describing the design elements, layouts, their measurements, ground preparations, sequence/arrangement of spaces, and aspects of geometry while making a dwelling unit on a plot of land. So, it is a PLOT OF LAND that this entire thing circles around. When Vastu Shastra was prescribed, apartment technology was nowhere in sight. The Vastu Shastra designs were NOT meant to instill fear and were meant to integrate nature with architecture based on geometry, symmetry, and directional alignments. Vastu Shastra describes how to achieve harmony with nature for the family members living in man-made built environments. How did Vastu Shastra originate The Sanskrit word ‘Vas’ means to reside, stay, or live. Vastu Shastra in Sanskrit means a dwelling unit built upon a certain piece of land. ‘Vastu Shastra’ is ‘knowledge of dwelling units’ authored by Sage Mamuni Mayan during the Vedic era. Vastu Shastra emerged more than 4000 years ago. The objective of Vastu Shastra is meant to PROVIDE COMFORT by using the right positioning and proportion of nature’s five elements (pancha bhoota) viz. These five elements interplay with the eight cardinal directions viz. Vastu Shastra relies on this interplay to eliminate negative energies and to enhance positive energy. The final goal is to positively impact the family residing in a dwelling unit to gain prosperity and overall progress. Key tenets of Vastu Shastra on the rooms in a house Vastu Shastra tenets are based on the position of the location in the Earth’s hemisphere, climatic conditions, and the abundance or lack of sunlight. These help enhance the environment we live in. Thus, Vastu Shastra was originally based upon scientific and nature-inspired considerations. Later on, misinterpretations and the fear factor twisted the logic and scientific reasoning it was envisaged upon. The dos and don’ts are also based on this scientific reasoning like the Vastu direction for flat, the placement of rooms, and so on. The key element of Vastu Shastra is to have good ventilation and good sunlight for all rooms driven by scientific and logical reasoning. This was thought almost 4000 years ago. Room placements and their Vastu logic: Master Bedroom for elders: South-west directionLogic being it’s warmer and sunny corner, which is healthy for the older generation Children’s bedroom: East or WestLogic being, these are well-lit, yet NOT too hot, which is good for children, and allows them to study in adequate lighting Guest bedroom: North-West cornerLogic being, the guest stays for a lesser period and should be kept away from other family members Kitchen: South-East or North-WestLogic being, it’s warm, and sunrise corner, airy, good for cooking and killing germs/bacteria Hall: North-EastLogic being availability of adequate light throughout the day Dining: North or EastLogic being closer to the kitchen, adequate lighting, airy Bathroom: North-West or WestLogic being elimination of germs/bacteria with adequate warm sunlight Sleeping direction (head not to North): Logic being that North direction has a magnetic field that’s bad for the head (flow of blood impacted as it contains iron/hemoglobin that interacts with the ‘North pole’)
5 reasons why LOW PRICE shouldn’t be a dominant factor while buying a 2 or 3 bhk apartment in Hyderabad
2 BHK and 3 BHK apartment in Hyderabad – 5 reasons why price shouldn’t be a dominant factor Price and budgets are normally the deciding factors for home buyers scouting for their ideal dream home. While considerations like Vastu compliance are critical, it finally boils down to the ‘best deal’ on price that takes precedence.
Are You Getting the Most Out of Your 2bhk & 3bhk Flats In Hyderabad?
Are You Getting the Most Out of Your 2bhk & 3bhk Flats In Hyderabad? Even since the pandemic has hit our lives, our world-view and expectations, about the home we want to buy for ourselves, has changed drastically. As a home buyer, we need to ask ourselves- ‘What is it that I want in my home/apartment to cater to my changed needs & priorities, especially, after COVID-19? Is my apartment really serving the critical needs of my family? Will my family remain happy, both in good as well bad times, living in the home I am buying?’ In this article, we shall discuss 9 key areas a home buyer should consider in a post-pandemic world: Let’s explore- 1. Home-offices and well-equipped study-room for kids 2. Dedicated spaces for work-outs/exercise and leisure 3. Upgraded interiors for recreation and entertainment 4. More focus on ‘Lighting’- both natural and electric 5. Adequate parking- ‘Two-car parking slots’ 6. Seeking ‘more outdoor spaces’ for a low-density living 7. Focus on Kitchen and Utility 8. Health and safety focus- HVAC, air-conditioning and air-purification systems 9. Cosmetic changes like painting, colouring, adding mood enhancing additions As a home buyers you simply need to get the most out of your home, and think beyond the obvious! Your home needs to soothe your senses at all times.
High-rise vs Low-rise Apartments: Pros & Cons
High-Rise vs Low-Rise Apartments: Which is Better? | Avisun Properties You’re in the residential market in Hyderabad to buy a new apartment, but are having trouble deciding the type of home to buy! On one side, you have massive high-rises built on huge land parcels, and on the other hand, you have low-rise home constructed on a smaller plot of land. Low-rise in Hyderabad are mostly part of a stand-alone buildings which do not go beyond five floors. In both these options, you will need to be governed by price, location, and amenities. These considerations along with your priorities will decide whether you want to have your family live in a ‘big’ or ‘small’ building or complex. To help you with your decision making in choosing the right home to buy in Hyderabad, given below is a brief description of the key differences between high-rise and low-rise apartments. It gives you a list of factors you need to evaluate to reach the most logical, rational and emotionally correct decision. The article helps you clear the clutter, and help take a well-informed decision. Let’s begin… What’s a High-rise and low-rise apartment? Before beginning our comparison, let’s get an understanding of what we mean by a ‘high-rise apartment’ and a ‘low rise apartment’. A high rise essentially refers to a building over a certain height or number of stories. In Hyderabad, this is usually more than 18 metres as per definition by GHMC. Simply put, these are buildings over 5 floors. However, the general public consider considers any building with over 9 floors as high-rise. In Mumbai, which is the city of high-rises, a high-rise is actually any building above 30 meters, which corresponds to 9 floors. The moment a high rise goes beyond 40 or 50 floors, it is usually referred to as a sky-scrapper. In Hyderabad, a sky-scrapper is considered to be 44 stories tall. The skyline of Hyderaqbad is set to change with GHMC poised to approve more sky-scrappers in Hyderabad, especially near the I.T. corridor of the city (Western Hyderabad). Low rise buildings are apartment complexes which go up to 5 floors in Hyderabad. These are also referred to as ‘mid-rise apartments’. In Hyderabad, we see these mostly in stand-alone buildings, which are usually built on plot sizes ranging between 400 square yards to less than 1 acre (i.e. approx. 4800 square yards). High-rise versus low-rise apartments in Hyderabad: which is better? Now that we have an understanding of what a high-rise apartment and low-rise apartment mean, it’s time to dwell on which one to go for. Advantages of High Rise Apartments 1. You get fantastic views of the skyline If you seek stunning views of the skyline of your locality, you will get that in abundance with a high-rise apartment. The balconies of these apartments give you beautiful views during both dawn and dusk, and allows for a visual treat in most cases. The higher you go in a high-rise, the more is the natural light, provided your balconies are NOT eclipsed by other tall buildings in the vicinity. This is one of the reasons why in cities like Mumbai, the builders charge a premium on floors as they go higher. The higher the floor you choose in Mumbai, the more expensive your apartment gets! The top floor of an apartment in Mumbai, for instance, 30th floor could actually be up to20% costlier than the exact same apartment located on the 1st floor. 2. High-rise buildings are usually located in job-hubs If you working in or around the I.T. corridor of Hyderabad (in the Western Hyderabad), or are keen to explore the nightlife, shopping hubs, entertainment hot-spots, then one could choose to live in a high rise apartment. More than 40% of all the residential offerings are coming-up in a 15 KMs radius from Madhapur. That’s the easiest way to both cut down on your commute to you place of work, as well as to have access to the most happening surroundings. However, post COVID, this factor of wanting to be closer to place of work has changed significantly. Many home buyers, post COVID, are actually thinking of being a bit farther away from the place of work, and paying lesser to get more spacious homes in other parts of Hyderabad, instead of flocking to high-rise buildings located in and around Hi-Tech City and Gachibowli. 3. High-rise buildings offer more amenities like security, clubhouse Another certain advantage of high-rise living is the host of amenities like central-greens (parks), walking-tracks, clubhouse, gymnasium, play-areas (tennis, basket-ball, badminton etc.), swimming-pool, security, power back-up and other house-keeping & facilities staff that make your life easier. These lend added sheen and glam to high-rise apartments. 4. High-rise elevators have more elevators or lifts If you are worried about climbing up the stairs in a low-rise apartments without elevators, then high-rise apartments certain take away that pain. With effective power back-up gen-sets in place, high-rise apartments are popular and far more convenient. Having said that, even low-rise apartments in Hyderabad these days have the provision of 100% power-back-up for common facilities like elevators. Yet, the sheer scale of facilities and upkeep in high-rise buildings is definitely superior. The number of elevators in high-rise buildings are usually more in number as compared with low-rise apartments. For instance, in a high-rise building with 6 flats per floor, there could be provision of two regular lifts, and an additional service-lift. This makes 3 fully-operational elevators/lifts to service all the floors. This helps cuts down on wait-time for residents living in the high-rise building. High-rise buildings offer better rentals due to additional amenities and security If you’re looking for decent rentals, and an apartment that remains in demand, then high-rise apartments offer you a good deal. Your tenants could be interested in amenities and spacious external spaces like a park, gymnasium, play-areas etc. This makes it attractive to both the owners and the tenants. High-rise apartments have pre-fitted and well-enabled utilities and maintenance Most high-rise apartments
Why Is Independent Floor Residential Unit Considered Underrated?
Here’s How Independent Floor Units Are Underrated in Hyderabad | Avisun Properties Independent Floor Homes Underrated? Benefits You Shouldn’t Miss Owning an Exclusive floor means you have an independent floor all for yourself. The concept is about offering one apartment per floor, with an added advantage of unmatched privacy for each floor. In Hyderabad, independent floors are usually constructed in small plot size that are between 400 to 600 square yards in size. With municipal permission granted for constructing up to five floors in smaller plot areas, the builders are increasingly choosing to go for constructing independent floor. The target market is the upper class consumer, who wants something exclusive for the price being paid for a spacious 2500 square feet plus of independent floor. Hyderabad is a residential market where home buyers like to stay in localities that are well connected, and provides good social infrastructure. This makes the independent exclusive floor a preferred option for home buyers in Hyderabad. In this article, we shall discuss what an independent floor offers to the home buyers in Hyderabad. This includes- Locational advantage Low price advantage Low density living becomes possible A 2-in-1 advantage of an ‘apartment’ plus an ‘independent house’ Independent floors more spacious than multi-storey apartments More privacy for the family, less intrusive A pandemic-ready home with no additional human traffic Vastu-compliant home becomes a possibility Better utilization of spaces and sense of freedom Lack of amenities compensated with superior social infrastructure Advantages of low vehicular traffic Separate water and electricity connection floor-wise Higher market value due to luxury element Conclusion The exclusive floors are simply for those who want an elevated sense of living, a bit of privacy, and yet seek all the advantages a location can offer! With more space, a low-density population appeal, the concept of ‘one home per floor’ will only gain preference. The post-pandemic era has propelled a changed outlook and a deep yearning for more space, reasonable price, better location and higher solitude! This is a niche which only an exclusive independent floor satisfies!!
7 Insights Of Hyderabad Residential Property In Financial Year 2020-21
7 Key Insights on Hyderabad Real Estate Market FY 2020-21 | Avisun Properties A lot of research has been done on Quarter 1 through Quarter 4 of financial year 2020-21 to see how the real estate market of Hyderabad is trending. The turmoil of pandemic unfolded with Jan and Feb of 2020 being the start of the COVID era. The Q1 of financial year starting April, May, June saw LOCKDOWN. Q2 of 2020 comprising July, August, September saw the unlock phase with the hope of vaccine being found and tested. Q3 with October, November, December saw the festivities along with the vaccines being developed and being tested for success. Q4 of the financial year in January, February, March brought mixed feelings of happiness and despair with vaccination drives, and COVID cases shooting through the roof.
Homebuyer sentiments about buying a residential property in Hyderabad
Positive sentiment emerging about buying a property in Hyderabad in 2021 The post-COVID era in Hyderabad brings hope, positivity and readiness for future! New project launches all around Hyderabad are being witnessed which prove that the home buyer sentiment on the upswing. The new launches are visible in all prominent residential property websites like Housing.com, 99acres.com and magicbricks.com among others. In fact, we can see over 100+ new project launches in the 2bhk and 3 bhk apartments in the affordable as well as luxury segment. Website sqareyards.com alone lists over 123 new launch projects in Hyderabad. There are many more, especially in the standalone building apartment segment, that are not listed in these websites, and these get sold much faster due to their huge locational and price advantage! The reason behind these launches is demand, and the low unsold inventory from the last year. The Inventory overhang is the lowest in Hyderabad. Inventory overhang is the ‘estimated time’ builders could take to sell their existing ‘unsold stock’. A survey conducted by Anarock titled ‘CII-ANAROCK COVID 19 Sentiment Survey’ gives positive indicators like: 1) Home buyers now preferring homes in areas that are not too crowded, 2) Young Millennials getting interested in buying a home post-COVID stood at 31%, which is a huge jump from only 17% in the pre-COVID. This means that COVID has gotten the millennials to think about buying their own 2 and 3 bhk apartments in Hyderabad. In this article, we shall discuss- Let’s get exploring… 1. Home buying trends in 2021 The lockdown brought the entire country to a grinding halt for 8 weeks, however, it did impact real estate industry positively in certain ways. Some home buyers had a new found realization of the importance of owning a home. ‘Work from home’ became the order of the day, and this also gave a fresh new perspectives to the home buyers to own one’s own home. The millennials who were shy to take on the burden of paying monthly equated instalments started thinking seriously about having a roof of their own. Home buyers understood the importance of space to move around, and have larger spaces that allow more leg space, and also better planned ‘work from home’ spaces. The residential sector was one of the few sectors to crawl back to normalcy once the lockdown was lifted. In fact, Hyderabad witnessed an increasing demand for 2 and 3 bhk apartments since Q3 of 2020. 3BHK apartments have received a special impetus, owing to the need to have bigger, more spacious homes. While the affordable segment would dominate the scene in Hyderabad, the demand for luxury segment also increased. Some facts– The global real estate industry mooted to be $10 trillion, the Indian industry also stands at a mammoth $180 billion, and is predicted to grow to $1 trillion over the next ten years. With the real estate sector contributing to approximately 11% of the country’s GDP, 2021 is likely to see a further growth in the Industry. The signs of this positivity are visible in Hyderabad, considering the number of new launches for residential apartments slated for 2021 in Hyderabad alone. The real estate residential offerings in Hyderabad is dominated by the standalone building apartments, which is a regular feature across the country. Hyderabad will also be seeing a mushrooming of these standalone building apartments by the small segment builders across all the regions of GHMC, Hyderabad. At the country level, the real estate industry in India got back to about 80% normalcy within 6 months of the lockdown being lifted. In Hyderabad, however, gained almost 100% normalcy by the end of the year 2020. The new year 2021 brought back greater confidence. With COVID vaccine now being administered, the sentiment is pretty upbeat. One of the main reasons why Hyderabad made a quick bounce back is the extremely low levels of unsold inventory, and a renewed interest of home buyers in owning the roof over their heads. The number of options were limited, and with COVID era in the passing, newer expectations have come into play in 2021. Besides, Hyderabad had only 4.6% of the total unsold inventory of residential units across the country as of Quarter 3 of 2020. This is good news for having a more buoyant 2021 for the real estate market of Hyderabad. Another positive factor is that over 23% of the new launches across 8 major metros (Mumbai, Chennai, Delhi/NCR, Bengaluru, Kolkata) was witnessed in HYDERABAD. 2. Room for price appreciation- a positive for Hyderabad real estate Investing in Hyderabad still gives much more room for price appreciation as compared to other cities. This appreciation in price is likely simply because of the affordability of land parcels, and overall cost of construction being lower in Hyderabad compared to other cities. This is why even the facilities and amenities in Hyderabad come at a lesser price without a compromise on quality. The price trend has been visible for the past one decade where the prices of Hyderabad have grown consistently, and yet are lower than other Metro cities like Mumbai or Bengaluru. Even the demand witnessed has been higher. The root–cause of this positivity is the Government policies and thrust to employment by way of creating a conducive infrastructure for companies to come and set-up their offices and plants in Hyderabad and across Telangana. The per capita income of Hyderabad is high, and is only going to increase. Despite the Covid-19 factor, the per capita income of Telangana is projected at INR 2.27 lakh, which is a healthy number. With IT sector also growing, the growth of Hyderabad is assured. Naturally, these Economic indicators has a cascading effect on the real estate sector of Hyderabad. Consequently, prices of properties and demand for all segments of residential housing are likely to appreciate over the next 5 year horizon. 3. Smart technology making inroads The thrust on enhanced lifestyle enabled by technology is visible. An enhanced lifestyle for residents is inevitable with modern club-houses that
India’s Real Estate Outlook 2025: Emerging Trends & Forecasts
India Real Estate 2025: Market Trends & Forecast | Avisun Properties The post COVID era suddenly brought us closer to the future of homes. This change has happened much sooner than expected! We will see a surge in futuristic expectations by the home buyers in India and the world over. The old order will give way to newer ways of reinventing and transforming spaces inside your houses or apartments. Technology will lead the way in propelling growth in the homes of the future. The spaces will need to perform better, be more efficient, and play multiple roles at the same time. The real estate sector will actually ride the technology wave to deliver performance on multiple expectations. The spaces inside the homes are limited, and home buyers would want ‘pandemic ready’ interactive homes where you do NOT feel suffocated, and there is a lot to experiment and experience in your home. The spaces inside our homes will need to give an airy, flexible, soothing, rejuvenating and recuperating ambience. Technology will have to play a major role in making our homes even more engaging, inviting, healing and joyful feel. New home buyers have had enough of suffocation during lockdowns brought up by COVID-19. Now, the future will bring us ‘pandemic ready’ futuristic homes, which will bring us both mental and physical respite in trying times. In this article, we shall discuss the following- Location vs. Size of home Which one of these is more important? Prior to COVID, the employers were hesitant to let go of physical control over employees, especially in tertiary sector where people needed to work either on computers, were offering services, or had little to rely upon in the offices. The need to make the employees come to office got challenged with the onslaught of Corona virus. Within a few weeks, both the employers and the employees adapted to newer ways of work. The employers for the sake of protecting their customers, and employees to protect their jobs. Change was accepted, challenges met, and improvisations done to continue the human quest to fight-back and thrive when challenged! In a regular scenario, the employers would NOT take the initiative to allow their employees to let-go that easily. But, during COVID, both the employers and employees cooperated and coordinated to make things work! The result clearly was that future arrived a wee bit sooner than expected. The theories regarding the efficacies of working remotely got tested real time. Best practices were embraced quicker, and the work-from-home scenario got enabled and tested better than expected! This impacted the real estate market in India. Regardless of whether an employee was living closer to office or far away, distance just did NOT matter anymore! This meant that LOCATION did not have the same importance. In a post COVID scenario, this de-focus on location of residence is likely to continue. Work-from-home flexibilities are also likely to continue, simply because the magic formula to deliver while remote working has been tried and tested. People are willing to be away from work-place so far as they can move around freely in bigger spaces, and breathe fresh air. Size of home also came into question during lockdown. With people working from home, the realization was quick to dawn that while working at home, be it a rented or own residential unit, the leg-space to move and walk around the house needed to be bigger. It is stifling if you cannot take an uninterrupted walk in the lobby or rooms in your house. A 1000 sft apartment does not allow for good movement. A studio apartment with everything inside four walls felt more like a cage. People felt depressed in apartments, especially those who lacked space, did not have balconies, or multiple options in terms of spaces they could slip into. Need for MORE SPACE became as important as oxygen!! Pay for ‘amenities-package’ outside home OR for ‘walkable spaces’ inside home? The home buyers are now forced to think about a trade-off between common facilities and amenities (used and touched by many), vis-à-vis spaces inside your own apartment. Home buyers are now forced to think whether to go for more space inside the house, OR, pay for a common facilities like swimming pool or clubhouses that are the first ones to get locked during pandemic. It is also common knowledge that when buying an apartment or a unit in gated communities, you don’t just pay for the unit, but also for the amenities and facilities. With the COVID experience, safety will continue taking precedence over the next few decades. Given a choice a home buyer would rather choose ‘more space’ in the form of a separate work-from-home space or an extra balcony in lieu of a ‘package of amenities’ that’s meant for common use!! With masks and social distancing becoming a way to secure SAFE LIFE, a bias towards ‘more walkable/usable space’ inside home is most certainly attractive to the new home buyers. Automated furniture accessories and equipment (Robotics furniture) With space being limited, the use of existing space for multiple purposes is an obvious option. In cities like Mumbai, every square inch of space matters. Architects have long been trying to optimize on efficient spaces in crowded cities like Mumbai where space is a scarce commodity. The same is now the case with other cities like Delhi, Bengaluru, Hyderabad, Kolkata and Chennai. The space a home buyer pays for will need to be utilized better. The answer lies in being innovative and using technology like robotics furniture, that converts spaces into better utilized areas for different purposes. The Bed could be converted into living sofa, furniture for storage could be moved with the push of a button to create office spaces. It’s like the movies, that the spaces get converted into different settings just like magic. In western countries, this kind of automation of spaces is being used to transform spaces to deliver multiple uses. [Video source: https://vp.nyt.com/video/2020/11/11/89959_1_13technology-bed_wg_1080p.mp4 Cramped studio apartments gave jitters to those
