Housing demand more user-centric
For cities like Mumbai and Delhi, the housing scenario a few years ago was such that the investor end-user ratio was 60:40. However, with the return on investment reducing and faltering of big developers, investors are moving out of the real estate investments. The investor participation has fallen as low as 5-10% in the overall demand and even the users want ready to move in housing projects, unwilling to take any risks.
As the economic conditions will improve in the next few years, the housing demand will continue to remain user-centric. Even the government has encouraged the builders to develop affordable projects(less than Rs 50 lakh). The Panvelkar Group has some of its projects in the Ambernath and Badlapur area that fall under Thane district. They offer 1-2 bhk flats at nominal prices, enabling the middle class to buy property close to the Mumbai metropolis.
Sustainable and green living will be widely accepted
Both developers and home buyers are looking forward to living spaces with good accessibility to major locations but at the same time, the demand for spaces close to nature is on a rise. Green and eco-friendly lifestyle is what the people desire as the fast-paced city life gets very monotonous. At Panvelkar Housing, the lush green environments are a refreshing site for people who wish to relax in the green environs.
Suburbs of major districts to get more traction
Suburbs of major districts close to cities such as Mumbai, Pune, Hyderabad, and Bangalore have seen a high rise in housing demand. As the metropolitan cities are now facing a space crunch, the residential complexes have now shifted to the suburbs.
Especially the Mumbai city has been facing space issues because of the overpopulation caused due to the working opportunities available. In such conditions, localities close to the Thane district such as Ambernath have grown to become a preferred location for housing.
Keeping up with the trends, the Panvelkar Group has always focused on catering to the value- based housing segment. With around 80 projects spread across Mumbai suburbs, the Group has changed the way common man aspires to live.