The impact of COVID-19 pandemic has made every industry flex and evolve for adapting to the new normal. With no signs of retreat from the deadly virus, our homes have transformed into productive workspaces. In several ways, the changes induced by the pandemic across all sectors are here to stay.

While mitigating the impact of coronavirus outbreak has been the priority of all sectors, the real estate industry is striving to adopt the required changes and envision new home structures.

As working, studying and partying at home is the new normal, people are adapting themselves as per the new functionality and infrastructure of their homes.

The COVID-19 outbreak has led the developers and buyers to reconsider the way they live and envision new home structures for the future. New ideas are swiftly being brought to the fore for providing a better lifestyle with all safety measures to the homebuyers.

As people are more homebound than ever before, the way residences can accommodate the demands of this new and unprecedented era has gained the spotlight. We, at Modi Builders, believe that as homes are playing a greater role than ever in our daily lives, more activities and services need to be added. Moreover, this new reliance on advanced features and facilities in homes will persist in the post-pandemic world.

Based on the current trends and concepts that have arisen during the pandemic, top builders in Hyderabad have put together a list of ways in which home designs may change in the post-COVID-19 world.

1. Need for Private Outdoor Space

Our love for outdoors and nature has increased majorly since the lockdown days. Going for a walk and sitting on the bench is now a source of freedom and joy for many. However, there are still many restrictions due to the COVID-19 outbreak.  Realizing the need and importance of having such spaces, we offer homes with landscaped gardens, children playground, clubhouse and recreational amenities.

2. New Forms of Home Office

With work from home being the new normal, people are forced to work from their personalized spaces. Our home setups are perfectly designed for your office space. Modi Builders is counted among the top builders in Hyderabad, with a major focus on equipping the homebuyers with advanced solutions for every challenge. RERA registered and HMDA approved projects like EDIFICE, Paradise Homes, Elegance, Sterling Heights at great locations offer spacious and luxurious living spaces for a productive and family-friendly workplace.

3. Sanitized Entryways

Real estate has been adopting a concept similar to the hospitality industry. In order to keep the home premises safe, entryways will be transitioned wherein every visitor would be required to sanitize himself before entering the house.

4. Smart Kitchen Design

With people more inclined to stay at home and manage their regular activities, the importance of kitchens has increased. Smart kitchen designs will be more prominent focusing on hands-free technology. This means bringing into use voice-activated technology like faucets and appliances.

Hosting an array of amenities at own residences will surely need a greater degree of flexibility and adaptability. Modi Builders is already exploring various approaches to the possibilities for offering the best to our customers.

The Covid-19 induced nation-wide lockdown brought the country’s economy to a standstill. Like numerous other industries, the realty sector has also been adversely impacted due to it. The unavailability of migrant workers coupled with the rising cost of materials was an additional blow to the industry. Projects were stalled, delivery dates were delayed, and many buyers postponed their call to book a property. As per the reports, the sales were dipped in the Q1 2020.

After the month of June, the construction activities were resumed in a phased manner across states. The RBI’s announcement on lowering interest rates, the slash in the stamp duty and registration charges and the six months’ loan moratorium seemed to have helped the sector significantly.

Reports show that recently Hyderabad has witnessed more property related queries as compared to the March-June period. “Although the buyers were a little uncertain initially, these hard times have made a number of people realize the need and importance of owning a house,” says a property expert at Modi Builders. He adds that lower interest rates on home loans and better deals offered by developers are among the major reasons behind the revival in the realty segment.

Professional and student accommodation are speculated to yield higher returns respectively. In addition, multiple companies have set up their working operations in premier IT hubs of Hyderabad like HiTech City. While this is expected to substantially increase the realty rent, it will also promote the recently hyped concept of apartment spaces. This comes following the rise in the number of e-commerce and digital companies securing heavy investments for employees’ accommodation.

The growth picked up the pace ever since new job opportunities have emerged in Hyderabad. The city has been enhanced due to its public infrastructure with developments like elevated corridors, improvement in bylanes, water pipelines, underground cable networks, etc. Furthermore, transportation has received an impetus with metro rail’s expansion to the HiTech City.

As per several realty reports, with a number of potential home buyers, the investments in residential real estate have escalated in the last two years as compared to its previous years and the unsold units are also reduced by approximately 40% and new properties have increased by 82%. This is a corollary of the strategic planning of residential housing from veteran builders.

Modi Builders, counted among the top builders in Hyderabad, has harnessed the potential in the outskirts of the city to a fair extent. For instance, their projects like Elegance, Emerald Heights, Sterling Heights, Paradise Homes and many more are well-connected to the main city, and are located in proximity to all the necessary infrastructure. Apart from high-class amenities for its residents, the city has been the investment choice for a number of people.

Attaining significant interest from the homebuyers along with positive signs indicating a revival in the upcoming few months, Hyderabad’s realty sector is likely to overcome the effect of this pandemic. While everyone hopes for a quick revival, the upcoming few months will reveal the state of the city’s realty sector.