Five ways real estate will change forever | LiveMINT

Five ways real estate will change forever | LiveMINT

  • Covid-19 may alter how we live, work, learn and play. What will it do to the buildings that house those activities?
  • The nature of the home, the office and the retail zone is likely to see some dramatic change. Decentralization, redistribution and restructuring will be the key themes of this transformation

NEW DELHI : Landlords grow rich in their sleep” is a belief that resonates with most of us. It is no wonder, therefore, that real estate sees more investments than stocks and bonds put together. According to estimates, the value of global real estate transactions last year was $2 trillion. A bulk of the average Indian’s savings and investments too are tied to this asset class. Naturally, over the past few weeks, there has been much pondering about its future.

Given the already despondent situation within many segments of real estate, doomsday preppers are out in large numbers. While developers are being advised to reset home prices to spur demand, some hotels are seeking a change of land use to residential. Office space demand is suddenly shrinking and retail malls are seeing tenants cancelling leases or refusing to pay rent.

Moreover, consumers who own a home or who wish to own a home in the near future are also confused. How does one conserve and revive their investments? When to make new bets and where? What to choose in order to be aligned with the emerging trends?

# Home as the key driver

# The new office

# Reimagining retail

# The investment bets

# Flux in consumer housing

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