Trends In Residential Real Estate Post COVID-19
                     Trends In Residential Real Estate Post COVID-19
B.K Vijay 
Experienced writer at Hyderabad india online 
(HIOC), Updates Content 
about hyderabad from HIOC and 
telugu saree under shopping.
Like pretty much every other sector, real estate too, is undergoing several 
changes in the wake of the pandemic. These involve the emergence of many 
trends in the industry.
However, the demand for homes hasn’t fallen much. Rather, it is expected to 
rise more. Especially now that RBI has slashed repo rates by 0.75%, home loan 
interests have fallen considerably. This, along with many other factors is 
expected to spur the demand for housing.
Buyers’ market: The pandemic has evidently put developers in a tough spot, 
turning the real estate market into a buyers’ market. The trend in demand is 
changing and most developers are starting to adapt accordingly to survive and 
cater to the needs of the homebuyers.
Rise in demand for affordable homes: The demand for affordable homes has 
risen considerably. It had already been on the rise before the pandemic. 
However, now this trend is further growing and more and more developers are 
coming up with such homes to meet this rising demand. One of the reasons 
behind this is the financial distress caused to the homebuyers by the lockdown, 
limiting their budget.
New real estate among millennials: However, despite the financial distresses, 
the demand for homes is rising as the pandemic has shown people the need 
for one’s own home. A large section of the homebuyers planning to purchase a 
home soon comprises of the millennials who used to live in rental 
accommodation previously. During the pandemic they started to face many 
uncertainties and difficulties, making them start looking for homes to buy.
Facilities: Schools require costs to run and maintain facilities such as labs, 
libraries, sports, etc. This reflects in the certain amount which the schools 
included within the fee structure. However, none of these facilities are being 
used with the schools shut. Like events and transportation fees, this is another 
fee that the parents want to be exempted from.
Preference towards ready to occupy homes:Another prominent trend in the 
real estate market is the rise in the demand for ready to occupy homes. Such 
homes were always preferred by many due to trust issues. Now during the 
pandemic, those facing issues residing in rental accommodation are in a rush 
to get possession of their new home. While more than 34% of the homebuyers 
want ready to move homes, another section is willing to wait up to 6 months 
to get possession.
Growth of real estate construction in small towns: A large section of the 
people working in metro cities are migrants to small towns. On once side 
working professionals are facing issues like job loss and other financial 
constraints. The severity of COVID-19 was more in big cities, professionals have 
moved to their home towns for protection and for security of family during 
medical emergencies. The moving back to their hometowns has afforded a 
more affordable lifestyle – even for young professionals as they were able to 
save hostel fees. This has led to a rapid rise in home construction or extensions 
in small towns. Many are reverse migrating because now with the Work From 
Home trend prevailing, they can work even from their hometown. This trend is 
expected to stay and along with it, real estate in the smaller towns would grow.
Consolidation of transaction space: Though the real estate market in India is 
highly disorganized, it is expected to consolidate in the post-COVID world. The 
next couple of years would witness the organized real estate players capturing 
20% to 30% of the market. A prime reason behind this is the trial that the 
developers are currently going through. Only those of them who can adapt to 
the new normal by going digital and integrating new technologies can thrive 
well in the market.
It is expected that the current situation would bring about a lot more 
organization and modernization in the Indian real estate sector. Some of the 
trends that emerged during the pandemic are expected to stay in the long run.
 
About Hyderabad India Online
Hyderabad-india-online.com (HIOC) is a website about Hyderabad city in India that 
publishes information updates, tips, and practical insights on Hyderabad markets, 
shopping, real estate, maps etc. The Hyderabad Info section and business limelight 
series of HIOC are popular. Some content published in this website is in 
collaboration with Marvist Digital Marketing.
Thank you for spending your precious time in reading this article!