The pandemic has caused a significant shift in housing demand in the last two years. People have realised the value of living within community that is self-sufficient not only in terms of the basic amenities but also comprehensive social infrastructure, without requiring them to move out of the community. As a result, traction for homes within the integrated townships has increased significantly.
Interestingly, a large part of this demand has been inclined towards luxury and premium homes. This was reflected in RedSeer Consulting’s report titled ‘’Gated Community”. According to it, premium and luxury segments account for ~ 14 -15% of overall gated communities. This is expected to increase in the range of 16-17% in the next five years.
Let us delve deeper into the reasons why integrated townships are becoming popular with home buyers.