New Delhi (India), October 27: A diligent student at Jayshree Periwal International School, this aspiring entrepreneur is driven by ambition. Certified in scuba diving and skilled in Kathak dance, she combines creativity with determination. Her innovative projects, such as AeroHOUSE, exemplify her passion for pushing boundaries and redefining the future.
The repercussions of COVID-19 on the real estate market in Jaipur have been mixed. In the initial phases of the pandemic, there was a temporary slowdown in the real estate market due to uncertainties and restrictions. Construction and property viewings were either completely stalled or greatly limited. We also noticed a shift in preferences towards homes with more space and better amenities as remote work became more common. People wanted dedicated home offices or workspaces, which required more space. The pandemic also caused a shift in lifestyle preferences. Families may now prioritize larger living spaces for activities like home workouts, homeschooling, and entertainment.
In some cases, families were opting for larger homes to accommodate multiple generations under one roof, ensuring everyone had their own space. Concerns about social distancing have prompted some buyers to seek bigger properties to reduce close contact with neighbors. Bigger homes often provide more storage space, which is a significant consideration for homeowners who have accumulated more belongings.
Spacious living areas and bedrooms are seen as more luxurious and appealing. This led to increased demand for larger properties, especially those in suburban areas. It’s essential to note that these preferences varied by region and individual circumstances. Some urban areas may still see demand for smaller, more affordable homes. As a result, the real estate market adapted to these changing customer preferences by offering a variety of housing options to meet different needs. It was also noticed that property prices in some areas showed a slight dip while others remained stable. The inventory of available properties also fluctuated, with some sellers postponing listings. The pandemic also accelerated the adoption of digital tools for property transactions, such as virtual tours and online bookings. Government initiatives and policies, like reduced stamp duty rates, were introduced to boost the market.