Demand for integrated township may go up post COVID

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2020-04-10 (2)

Faizan Haidar | ET Bureau | Updated: April 09, 2020, 22:57 IST

The disruption caused by COVID19 will push demand for gated communities with self-sustainable ecosystem, an analysis by Ernst & Young revealed.
The report says that young families will seek environments that are controllable, safe and secure, while providing amenities that reduce need to venture out.

EY, in its analysis of the real estate sector said that townships and condominium complexes, that are augmented or with adjacencies to schools, health facilities and recreational options, will witness higher demand.

“New developments will witness design evolution, as business centres will become common place within gated communities and building clusters. Demand for tech enabled services for various domestic chores (housekeeping, food preparation, driving, house managers etc) will likely see a substantial uptick in metros and large cities,” EY said.

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