April 26, 2021

Compact Housing Gains Traction in India: A Trade-off in Times of Covid-19

COVID-19 pandemic situation and the resultant lockdown have created a vital impact on Indian real estate. The magnified effect is not just applied to decreased sales but has also varied the equation of the business. Demand generation for larger residential spaces has encountered a sudden decrease accounting for “n” number of factors, including the need to re-infuse into liquidity to ensure traction in the compact housing segment back again.

Accounting for the crucial decisions taken by the buyers in the past few months, it is supposedly right to acknowledge that people have been moving away from the joint family HUF tradition, choosing to opt for entering into nuclear families lifestyle; rapid urbanization, a rising student community and migrant working professionals have also contributed to this trend. This section generally does not possess enough purchasing capacity for acquiring spacious home units. To cater to these needs the builders have effectively decimated the floor pan or area of the homes without varying on the property prices. This demand has compelled the real-estate developers re-design their way outs on the perfect size of units they can prefer to sell.

In India, investing in residential spaces is still a decisive step. Individuals invest in their life’s savings and incomes so as to own a premier property location in lieu of their earnings while purchasing a housing space. Henceforth, compact residential spaces make right decision for such investors including the potential buyers like NRIs looking to invest in property in India. Furthermore, compact residential spaces can provide a better rent yield than a large apartment. Concluding, the compact spaces are a win-win prospect for both the real estate developer and for homebuyers.

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Top Builders in Bangalore: List of Real Estate Developers

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Simple Techniques to Identify Your House Facing Direction

Complete Instructions for Determining Your Residence's Directional Alignment.  Begin by positioning yourself at the main entryway or principal access point. This location serves as your reference point for analysing the dwelling's positioning. Utilise a magnetic navigation tool to precisely identify the alignment. Maintain the instrument level and steady in your grasp. Keep the compass level and stable in your hands. The navigator gadget will indicate True North.

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