Post-COVID Location Preferences in Ranga Reddy’s Real Estate
The COVID-19 pandemic has greatly changed how people view and use their living spaces. Ranga Reddy, a key residential hub in Hyderabad's real estate market, has experienced significant shifts in location preferences.
Shift Toward Larger Spaces
- Bigger Homes Are in Demand: Buyers now prefer spacious properties between 1,000–2,000 sq ft, showing a post-pandemic desire for more living space. This trend makes up 69% of luxury property registrations.
- Top-Tier Amenities: Luxury estates in Ranga Reddy offer smart home features, wellness centres, advanced security, and eco-friendly designs, matching the evolving lifestyle goals.
Proximity to Essential Services
- Strategic Positioning: Being close to tech hubs and improved infrastructure has boosted Ranga Reddy’s appeal to IT professionals and NRIs. This strategic location is key for buyers looking for convenience and accessibility.
- Government Initiatives: Infrastructure upgrades, such as metro rail expansions and the Outer Ring Road, further support the area’s growth.
Work-From-Home-Ready Properties
- Economic Shifts: High-income buyers are investing in luxury properties, while middle-class demand drops due to affordability issues.
- Lifestyle Goals: The demand for smart amenities like voice-control appliances, smart home technology, green spaces, and spacious living areas is rising for work-from-home setups.