FCC

Home preferences seeing an inclination towards gated communities

2021-09-23

As we progressively adapt to the ?new normal?, the changing preferences of homebuyers have significantly affected purchase and investment decisions. Homebuyers are prioritising safety and security as an imperative element alongside essential services. Fulfilling these demands, a shift is seen towards gated communities during the pandemic with a growing demand for green spaces.

In an atmosphere where a high standard of services, leisure, recreation, green living and occupant safety would shape the future of real estate, growth possibilities are immense for developers of gated communities. Both developers and homebuyers agree that environment-friendly and sustainable homes with large green spaces are the critical components for new-age construction.

What buyers want

?Buyer decision-making is no longer dominated by just location and ticket size; instead, homebuyers are also weighing community living, neighbourhood, social infrastructure and resource-conscious features and amenities,? observes Dr Sunita Purushottam, Head-Sustainability, Mahindra Lifespace Developers.