How is Digital making a Difference in Real Estate?

Though Real Estate had been apprehensive about change, the lockdowns have made it adapt the tenets of Digital or Online.

Digital Realty is trending now as most of the people are exploring properties, essentially "Window shopping for Homes".

The lockdowns and Work from Home trend has confined the people indoors. Thus, lacking the charms of the outdoors, they are now immersed in the digital world.

This phenomenon has naturally boosted the already established realty portals including ours increasing the traffic drastically and thus many portals and firms that had preached about proptech, including Homes247.in, are getting their fair share of the limelight now.

This has also helped in rapid cost-cutting for the realtors and developers as great campaigns on social media and advertising within the online world are far cheaper compared to the offline one.

The Buying Pattern has also been influenced greatly. Just as NRI community used to in the past, the digital dependency has increased as people are buying homes online now with minimal human intervention.

Now people are making decisions virtually as most have understood the value of owning a home rather than just renting out one.

This digital approach also helped the developers understand the mindset of the customers, as many now develop the properties according to realistic requirements.

There is also an increase in the demand for Ready to Move projects, as most are not too keen on waiting for a long while before moving into their new homes.

Aids and Schemes from both Governments and Developers has also influenced the buyers. The reduction of stamp duties, and easy to pay EMI schemes along with discounts and deals from developers are all pushing the buyers to make the decisions faster.

Also, even under the current pandemic situation, many are out checking properties and buying homes. This is mostly attributed to the factors mentioned above and also due of the fact that a good percentage of them were waiting from last lockdown for a good opportunity.

But the lockdowns actually increased the construction rates due to non availability of resources, man power and logistics.

I believe Bangalore was one of the very first markets to bounce back after the Covid Waves and the subsequent lockdowns.

The metropolitan city has an evergreen charm because of its cosmopolitan culture, climate, and tech infrastructure. Furthermore, it's ever-expanding, thus bringing in more and more opportunities for both homebuyers and real estate investors.

But what I foresee is a great demand for the Tier 2 & Tier 3 cities, especially in Karnataka as well as the other parts of the country. This digital revolution in real estate can make these cities real estate powerhouses of the nation

Visit us at https://www.homes247.in

Homes247.in
HM Towers,5th Floor, East Wing, #58, Brigade Rd, Bengaluru, Karnataka 560001
Preetham S
+91 8884781402
preetham@homes247.in

Homes247.in, as our name suggests, is a complete Home Buying Proptech Platform that has grown to become India's darling realty portal.
Though Home buying is seen as an exhausting endeavour, we aim to provide all of you an experience beyond comparison when it comes to finding your dream home.
Unlike others, we don't intend to do half the work and leave you out stranded, after all, that's what we mean by an end to end assistance.
We know how tough it can get, but worry no more! We will help you navigate through the troubled waters of Home Buying.

This release was published on openPR.