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Pandemic spurs demand for luxury villas, farmhouses SECTIONS Share Synopsis Even as the second wave subsides, more enquiries have started pouring in, said property brokers and developers. That has meant the share of such farmhouse and luxury properties has gone up substantially in the top end of the property market, said Amit Goyal, CEO-India at Sotheby s International Realty. Agencies International buyers are also looking at buying such luxury properties and subsequently, professional management companies have been roped in to manage these luxury houses. Bijwasan and Mehrauli – or Tungarli in Lonavala and the Dona Paula waterfront in Goa - are now much more than just weekend homes for the swish set in Delhi or Mumbai. In Covid-ravaged India, where space in townhouses is a luxury even for the rich, luxury villas and farmhouses – often at locations far from the madding crowd – are drawing affluent city buyers. ....
Pivot and persist: This architect-entrepreneur innovated during the pandemic with a ‘second home’ idea Launched in 2010 by Abhigyan Neogi, Chromed Design Studio has executed more than 400 projects across multiple sectors, including hospitality, residential, commercial, etc. 0 claps Share on The coronavirus pandemic, which brought the entire world to a standstill, created enormous uncertainty in the lives of several people. The business ecosystem was no different. Among the affected included Delhi-based interior-design firm Chromed Design Studio. For months after the lockdown, the company had no projects to work on. Abhigyan Neogi, Founder and Principal Architect, shares there was a lot of ambiguity at work because “people were generally not in a mood to invest.” ....
Share on With professionals and employees locked indoors due to the restrictions arising out of the COVID-19 pandemic, working from home became one of the foremost trends last year. Though remote working had existed even in the pre-pandemic era, COVID-19 turned things around and forced offices to adapt to the new trend. It is something that many people, especially those living in metropolitan cities, rely on to escape the hustle-bustle of city life. This trend of people living and working outside the city was noticed by two architects – Nagesh Battula and Vijaya Durga, who endeavoured to tap into it. They were later joined by ....
Buyers are now exploring the likes of Kasauli, Panchkula, Alibaug, Panjim, Lonavala, among others. When it comes to how the realty sector has changed over the last one year, several trends come to mind: people are looking at buying larger homes, they are including home offices in the blueprint, and workcations are the new normal. Another trend gaining traction is that of people buying vacation homes. While the concept of a second home is not new, these homes are now being bought in India’s smaller towns and for the purpose of staying and working from there for longer periods of time. But is it just the work-from-home (WFH) scenario that has prompted buyers? Amit Agarwal, Co-Founder and CEO, NoBroker, says that the return on investment is another motivation. “Property prices have reduced in the wake of the pandemic and home loan interests are at an all-time low. People who buy a home now can enjoy significant capital gains on their investment in the long run and rental ....