Trends that will be visible in Real Estate post COVID-19

The beginning of the year 2020 has been in the midst of a deadly pandemic sweeping the world! The pandemic of COVID-19 has shaken the very foundations of nearly all sectors of the industry. Many unshakable beliefs and truths have been turned around. That’s true in real estate as well! Asset Homes takes you through a quick look at the trends that will be visible in Real Estate post-COVID-19. Digitalisation Remote working, distance-learning, e-meetings, etc. have become common in the lockdown times and most businesses are still carrying on the same. Digitalisation has kicked in every sphere and real estate to is reeling under it. Be it in capital deployment, transactions, property management, or even the consumption patterns. The quantum and scale of real estate consumption may change forever. Office spaces shifting to sub-urban locales Many companies still allow their employees to work from home. The pandemic has led to a major shift from the densification of offices or flexi-spaces in high-rent locations to sub-urban locales paying less rents even if it means for the short term. Post-Covid the conventional workspaces should be on the path to recovery & with revised space-norms will continue to flourish. Emerging technologies like artificial intelligence, machine learning, data science and big data analytics will drive office consumption. Priority on stable real estate Initiatives like Make In India or recalibration of tax rates for start-up manufacturing companies has been flagged off with a series of reforms in India. This has made the demand for warehousing and industrial real estate take a renewed focus post-Covid. The growth trend of this segment is expected to be positive in the long-term. Rental housing to grow strong In the future, with the advent of new vaccines, the disease will become manageable & stabilization of incomes will happen. The interest in housing will definitely rise again. Affordable rental housing complexes for urban migrants and poor will be the new demand as there is a large-scale housing shortage in India. This could lead to the emergence of large-scale rental housing for different other classes in future. REITs on the rise Real Estate Investment Trusts (REITs A) have marked a phenomenal growth in the pandemic times. REIT is a company that owns as well as operates, income-producing real estate ranging from office and apartment buildings to warehouses. This can even include hospitals, shopping centres, hotels and commercial forests. REITs have been performing well in the investor market despite the fall of stock and other such investor markets. Post pandemic, there can be more REITs in near future. Now that you have been through this article on trends that will be visible in real estate post-COVID-19, you can now confidently proceed with your investments. Asset Homes, a leading builder in Calicut has 58 delivered projects across 15 towns of Kerala. We are committed to building innovative, high-quality, functional, sustainable homes backed by superior architecture, technology and construction. Book your flats in Trivandrum with Asset Homes to get value for money homes.