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2022 has been all about a return to normal following the devastating setback of the COVID-19 pandemic. Nations across the globe are witnessing an economic resurgence and a surge in demand for goods and services. The real estate sector, too, is experiencing a return to pre-pandemic levels of home buying behaviour, but in this context, Indians are charting a different course.
Remote working, work-from-home, tele commutation – while we all heard a lot about these terms before 2020, most organisations did not offer any meaningful positions or opportunities for professionals to avail of these. Some organisational policies made it possible to take these up as part of short-term assignments or post-childbirth or on health grounds, but by and large, office spaces ruled the roost. With the onset of the pandemic and the consequent emphasis on social distancing, however, remote working and hybrid working systems are more the norm than the exception. This gave rise to co-working spaces and flexible workspaces. Let us take a look at these to understand how they can be a great employee retention tool and how as a real estate investor, you can make good by investing in them.
As of early 2023, India overtook China to become the most populous country in the world. Of this population of 1.41 billion, 52% are Millennials or Gen Z, taking the country's youth population well over the global average. This is certainly good news for the economy since the participation of the Millennials and Gen Z in the workforce is the key to India's claim as one of the fastest developing and largest economies globally. This also means that these are the generations with the highest purchasing power and are a market force reshaping the real estate market in the country.
The idea of owning an affordable home in India is no longer a vain dream! With the consistent growth of 3D construction technology, the face of real estate will peak at the graph.
India is committed to reducing carbon emissions and optimising energy conservation efforts by 2030. In this effort to stand by its efforts to make Agenda 21 an actionable reality, both government and private corporations are undertaking a major transformation. Adding to this change is the development of environmental consciousness among the end consumers. In the real estate sector, the movement towards green housing comes from the increased demand for eco-friendly residential units. Understanding green building certification is important in this context.
Each day as we tune into the news, we are riddled with news articles about increasing temperatures, climate change, floods and freak storms, pollution levels, and carbon emissions. These are indicators of a fundamental change that the planet is going through, a change which can be catastrophic to our existence and survival. The only way to combat this massive transformation is by remaining steadfast in our commitment to Agenda 21 and going green. The very first step to doing this is by transitioning to sustainable real estate development.
Each day as we tune into the news, we are riddled with news articles about increasing temperatures, climate change, floods and freak storms, pollution levels, and carbon emissions. These are indicators of a fundamental change that the planet is going through, a change which can be catastrophic to our existence and survival. The only way to combat this massive transformation is by remaining steadfast in our commitment to Agenda 21 and going green. The very first step to doing this is by transitioning to sustainable real estate development.
In your research as a prospective home buyer, you will likely come across the term "green home". However, while it is a widely discussed concept, many of us do not understand the certifications that green homes require or what they mean. So let's take a look.
Proptech or property technology refers to the tools and digitalization being integrated into the real estate sector. Proptech is the concept where specific digital tools are used to drive buying, selling, researching and managing decisions within the real estate industry.