Emerging Segments & Trends

From affordable homes to neighbourhood convenience stores, from owning a house to living in gated communities, and to emerging segments like warehousing and logistics, a spate of new trends are gaining traction which will mark the year 2021, observes Vinod Behl.

Affordable Homes
The residential real estate that was already facing a slowdown, got a crippling blow with the pandemic in 2020. With job losses and salary cuts, the spotlight increasingly turned on affordable and mid-segment homes. Affordability of homes calculated on the rate of home loan repayment to income is expected to go up in 2021, which in turn will push demand for affordable homes. According to industry statistics, the affordability of homes will improve by 50% in FY 2021 against the affordability seen in FY 2012.

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