The COVID-19 pandemic has fundamentally changed the world as we know it. Everyone is concerned about the impact of COVID-19 from a health and economic perspective. People are living differently, buying differently, and thinking differently. They are getting used to a new normal where LESS IS MORE. Uncertainty is running high as individuals contemplate what this crisis means for them, for their families and friends, and society at large.
The virus is reshaping all industries and sectors, changing short term and long-term trends in the last few weeks. Consumers across the globe are looking at brands, products and services through a different perspective and there will be a 360-degree change in consumers behavior, attitude and purchasing habits.
Being in the weekend home industry for the last 15 years, we tried to find out the impact of COVID-19 on this niche but especially important sector of the real estate industry. We are happy to present this research report along with a buying guide for the Weekend Home sector.
Our research indicates that new habits and behaviors are being formed which will continue beyond this crisis, permanently changing what we value, how and where we shop, and how we live and work. Post COVID-19, the biggest shift we found is that a weekend home which was on aspiration WANT is now emerging as a NEED for safe and secured home and sensible real estate investment. This tectonic shift in perception will change the entire outlook, structure, and the future of this sector.
This report is based on data and information from Mumbai, Navi Mumbai, Thane and Pune. We are sure the findings and outcomes can be extrapolated across all metros and tier one cities of India. Our objective to compile this research is to provide analysis and consumer insights of this fascinating sector post COVID-19, which will be useful for developers, home buyers and all stakeholders of the real estate industry as well as other sectors.