Independent Floors, the Most Sought-After Residential Assets Post COVID-19
Ever since the outbreak of the COVID-19 pandemic, our lives have changed considerably. Everything has changed from the way we live, work, and play. Work from home model has further boosted the need of homes with larger space. As buying home has already been considered as the milestone in Indian community, the average age of buying home has reduced from 50 years to 30 years in last three decades. A survey conducted by Anarock in 2019 revealed that minimum 37 percent of participants are serious about buying homes in the age bracket of 35 to 45 years. People have understood the value of buying own home instead of living on rent.
Rising disposable income and exposure to global lifestyle have changed the choices of home buyers. Today’s buyers are ready to go to extra mile to get the quality lifestyle. They look for wholesome experience rather than just good quality product. Developers in return are offering a wide gamut of residential choices including villas, apartments, and independent floors to meet the needs of buyers. As per 2021, 85% of the buyers have brought their first home between July 2020 and March 2021. As per SquareYards 2021, Gurgaon has evolved as the most favorable city to live amid the pandemic owing to low population density and higher number of health centers per unit area. India has seen dominant trend towards independent floors. Independent floors offer opulent lifestyle at a lesser than villas and bungalows. They are the perfect option for those who wish to elevate their living standard while re establishing their identity without compromising their privacy. As per 2021 JLL report, the independent floors have seen a surge in demand in Gurgaon. The latest policy of Haryana government also allows building upto four floors on a single plot and selling individually. This has boosted the demand for independent floors.
These independent floors are mostly located in gated society and are aesthetically designed by architects of global repute. You will find all the best in class amenities here like gym, spa, kid’s play area, club house, and more. Also, independent floors belonging to reputable developers are strategically located near all the leading civic and social amenities. For instance, you will find banks, hospitals, educational institutes, and recreational facilities here. Luckily, the second wave of COVID-19 had a minor impact on the industry.