Source: Financial Express (https://bit.ly/2Tfndnu)

Homes have an emotional weight that supersedes any other kind of investment. It is an asset that provides us refuge from the vagaries of nature, a place to raise a happy family & relish the pleasures life has to offer, and a steady source of rental income down the line.

Tell you what, a diverse, appetizing portfolio of stocks won’t come close to the warmth and excitement of owning a home. People squirrel away a lifetime of savings to own a home since the satisfaction of living in one’s own home is second to none. After all, who wants to deal with landlords and rent increases for life? The drive for independence, self-expression, freedom, and a lifestyle you can brag about, eggs us on to own a piece of real estate.

There’s Much More to Homes than ROI

Home-buying is an art in itself. One has to take note of a hell lot of things under the sun to home in on the perfect house. Everything doesn’t boil down to the financial aspect or the size of the house. Everyone’s wish-list while scouring for a home is different. Some may dream of waking up to the view of a lakefront, whereas others love the pristine swathes of a golf course; some admire the secluded quietude of a home away from the hustle-bustle of the city whereas others prefer the concrete jungle.

Tech Savvy Generation Want their Own Pads ASAP

While that is a precocious move, today’s millennials aren’t waiting till their forties to buy a home. Gen Z millennials have the gall to take the risk of buying a home just upon attaining family-forming years even if that means throwing the dice. Some are even booking home within a few years of their professional career if the job looks steady.

Pandemic Doomsayers Got it All Wrong

The current pandemic situation has hastened the decision of buying a home. While real estate experts thought that millions of ready homebuyers will vanish due to this uncertainty in the market and financial factors, the opposite has happened. With every earning professional cooped up in their homes for over 90 days and social distancing etiquettes becoming a norm, the need for spacious homes in townships coupled with entertainment zones and health amenities have dawned in on most homebuyers.

The Future of Home Sales is Online

However, the quick transition of real estate developers to digital platforms saved the day for both developers and homebuyers. Equipped with sophisticated tech apparatus including Virtual Reality, 3D walkthroughs, AI, and Machine Learning, real estate developers gave homebuyers a taste of the digital.

The phenomenal digital home sales numbers are a glaring testament to this. The fruition of digital real estate platforms where buyers and sellers can meet, share information & keep them securely at one place and get to shop real estate products seamlessly is the next big chapter in real estate; one that will change the property sector for good and ensure continued success irrespective of the market forces.