People looking for spacious homes

Chandigarh and Mohali are benefitting from reverse migration of professionals who are returning or are likely to return to lower cost of living environment with superior infrastructure.

“People are now looking for spacious homes in township projects, which offer a controlled environment. This awareness is arising due to increased focus on health issues, because of COVID-19,” said Jatin Mohan Seth, Director, Family Nest Real Estates.

“At present, township projects have less than 5% overall share in the top seven cities, which is likely to go up substantially in the coming years. Also, consolidation is expected with increased preference for Branded Developers,” he pointed out.

“We are Sales Associates for OMAXE and DLF’s Townships in New Chandigarh and are witness to this increased preference for bigger homes, green environs, play and walk areas for kids and the elderly, clubhouse near the home, shopping areas, restaurants and Food Courts in the vicinity.”

“Because of this pandemic, home buyers are realising the benefits of having one’s own home rather than living in rented accommodation,’ observes Seth.

This desire is being aided by very low home loan rates and Governments’ increased push for credit towards the housing sector.

“Consumer-friendly initiatives like the formation of RERA have also added to buyers’ confidence in Real Estate, in recent years,” he added.

Family Nest Real Estates (P) Ltd is one of the leading Real Estate Consultancy Services Company, based in Chandigarh, with a presence in the Real Estate sector since 2007.

Family Nest Real Estates is closely associated with all renowned builders like #Shapoorji #Pallonji, #ATS, #Bestech, #DLF, #OMAXE, #Emaar India, #Hero Homes, #Homeland, #Ambika Realcon, #HLP Group, #Wave Estate, #Escon, #Beverly Golf; #Curo India among others.


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