Today’s home investors are well informed, and the real estate market has to adapt constantly to appeal to their requirements. Post-COVID, this sector has seen a rapid revival and growth, and builders today are developing innovative ways to attract customers. Here are some strategies for real estate developers that will prove to be advantageous in the coming future:
Digitalization – Developing a digital marketplace enables prospective buyers to have easy access to information related to the project. This will include information on the status of construction, the developer itself, deliverability, prices, etc. Websites will also include digital walkthroughs and 360-degree views of the surroundings.
Virtual Reality – Detailed maps of the project, its location, and panoramic views are some of the techniques that are being employed today. Augmented Reality and Virtual Reality have significantly enhanced the modern home buying experience.
Stability and Organization – Stable and organized real estate development companies attract a larger number of sales. Home investors trust well-known and large developers who have an established track record.
NRI investment – There has been an increase in the number of NRIs looking to invest in residential real estate in India. This is a growing market, and the demand for residential units among this population is steadily increasing. Real estate developments can tap into this growing market with their lucrative discounts and offers.
Changing Preferences – Customers today are looking for large and luxurious residential units that are multifunctional. There is greater emphasis placed on the availability of amenities, including sports facilities and amenities for socialization. Smart homes are also becoming the new normal, and homebuyers prefer residences featuring modern technology.
Greater Accountability – Reforms such as the RERA act have brought greater transparency and accountability into real estate dealings. This has consolidated the sector and brought in created increased amounts of trust among homebuyers.
The Prestige City new launch township at Sarjapur Road, East Bangalore.