COVID-19 And Its Impact On Real Estate Developers in Bangalore
The coronavirus pandemic appears to have made the residents of cities realize the worth of their living space, which is now working as their office as well. Real estate developers are seeing an increased demand for larger homes, given that people now want to put up a dedicated study room or office space within their homes. And since the current situation is unlikely to change soon, home buyers are searching for larger space – to ensure sufficient space and ease. They are also witnessing renewed interest in villas from serious home buyers. The change in priorities is visible in the demand people are making. Searches at real estate developers in Bangalore show that space and size have become the major concern for most buyers. Builders are seeing a rise in inquiries for ready-to-move homes and apartments with large space under the budget between Rs 70 lakhs and Rs 1 crore post the Covid-19 outbreak. According to a real estate developer in Bangalore, “Around 75% of the dem