The COVID-19 pandemic has significantly altered our way of life. The shift to online activities and virtual communication is one of the major changes. This trend is prevalent throughout the real estate industry. A new development in the real estate market that has gained popularity during the pandemic is the emergence of virtual house hunting. In this article, we’ll talk about how virtual house hunting emerged in the real estate industry after the pandemic, with a particular emphasis on the house in Mumbai area and the city’s top developers.
Virtual House Hunting: A New Trend
Face-to-face communication has always been essential to the real estate industry, and physically visiting properties is still the preferred method of house hunting. The COVID-19 pandemic, however, has compelled the industry to adjust to a new reality. Since social distance norms are in place, both buyers and sellers can now choose to house hunt virtually. Virtual house hunting is the practice of looking for and visiting properties online without actually going to the location.
The Benefits of Virtual House Hunting
Both buyers and sellers can benefit from house hunting virtually. It saves time and money for buyers who would otherwise have to travel to various locations to view properties. Additionally, it enables buyers to see more properties in a shorter amount of time, giving them more options.
When using virtual house hunting, sellers can expose their properties to a wider audience and improve their chances of finding the ideal buyer. Additionally, it permits sellers to uphold social distance norms and reduce direct physical contact with prospective customers.
House Hunting in Mumbai
Mumbai ranks as one of the most populous cities in India, and the real estate market there is extensive and varied. The residential and commercial real estate in the city ranges from pricey mansions to opulent apartments. Mumbai is known for its exorbitant real estate costs as well, making it a difficult market for buyers to navigate.
Top Developers in Mumbai
Mumbai has a diverse range of developers, from large conglomerates to small boutique firms. Some of the top developers in Mumbai include:
- Godrej Properties
- Oberoi Realty
- Lodha Group
- Hiranandani Developers
- Kalpataru Group
These developers are known for creating high-quality homes that appeal to a variety of purchasers. In addition, they have adapted to the new reality of virtual house hunting and now provide virtual tours of their homes, facilitating the viewing and weighing of potential purchases.
The Future of Online Housing Search
House hunting online is the future. The COVID-19 pandemic has contributed to this trend, and it is expected to continue after the pandemic has passed. Virtual house hunting is likely to become a standard practice in the real estate industry as buyers grow more at ease with the idea of buying properties online.
It’s important to remember, though, that looking for a home virtually cannot substitute for actually going to a house. The feel and ambiance of the location cannot be replicated by virtual tours, which may only give a glimpse of the property. In light of this, it is advised that buyers physically inspect the property before making a decision to buy.
Conclusion
The COVID-19 pandemic has given spark to a new trend in the real estate industry: virtual house hunting. It provides numerous advantages to buyers and sellers alike, such as time and money savings as well as increased exposure to a larger audience. The top developers in Mumbai have caught on to this craze and now provide virtual tours of their properties. As society continues to adjust to the new normal, virtual house hunting is likely to become a common practice in the real estate sector.
