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Work From Home impacts real estate, housing choices
The Covid-19 era presents a radically transformed real estate market, with preferences changing to accommodate new market realities.
The Covid-19 era presents a radically transformed real estate market, with preferences changing to accommodate new market realities.
With work-from-home a viable option even after the lockdown, many future homebuyers will shift to the peripheral areas for bigger homes and a better lifestyle - at more affordable prices, say a report.
With the rise of Work-From-Home (WFH), the 'walk-to-work' concept may lose some sheen as prospective homebuyers will see sense in shifting to city peripheries, among many trends. The previous gold standard' of Indian housing - the walk-to-work/ short drive to work, by definition only in and around central corporate workplace hubs - may shed some of its popularity for the middle class.
"The work-from-home concept may become the next fulcrum for home buying decisions, where the walk-to-work option had held the longest sway," says Anuj Puri, chairman, Anarock Property Consultants.
