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78% Hyderabadis Now Want Homes Closer to Office
Hybrid model entails working from home for three days and going to the office for two to three days, investors feel they can cut down on travel fatigue.
G
Guru Prasad
Hyderabad
Thu Nov 11 2021
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78% Hyderabadis Now Want Homes Closer to Office
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The pandemic has kick-started new ways of work that were hitherto unimaginable in a traditional setting. Today, offices are offering a hybrid work model. And this has triggered a new realty trend in Hyderabad. Those investing in property are now looking at spaces that are closer to their offices. Since a hybrid model entails working from home for three days and going to the office for two to three days, investors feel they can cut down on travel fatigue by buying properties closer to workspaces.


According to a survey by Knight Frank India, proximity is the number one deciding factor these days. About 78 percent of respondents in Hyderabad showed that they wanted to stay close to the office. The same was shown in the survey titled India Buyer Survey 2021 – Living in times of COVID-19 by Knight Frank.


While 92 percent from Mumbai and 81 percent from Pune wanted proximity when it came to purchasing a new home, 78 percent in Hyderabad tick-marked this option. However, industry experts have pointed out that a hybrid arrangement is more taxing and exhausting as people tend to spend time traveling back and forth, and they get to spend little time with family.


Also, a recent survey has shown that 60 percent of employees coming into the office are exhausted in comparison with 38 percent of remote employees. The Knight Frank report also showed that more than half of the respondents in Hyderabad had more spending propensity, and more than 55 percent were looking at buying a second home.


However, they were not willing to pay a premium for branded residences. On the national level, it has been seen that to buy a second home; one looked at good air quality, access to green spaces, and medical infrastructure, which gained significance post-pandemic.


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78% Hyderabadis Now Want Homes Closer to Office
78% Hyderabadis Now Want Homes Closer to Office
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