Bose Gurunathan, an IT professional, was about to buy a two-bedroom apartment in Bengaluru. However, he realised the other bedroom will remain unoccupied and unutilised. That is when he started looking at flexi homes and invested almost Rs 80 lakh for a house a couple of years back, which is priced at about Rs 90 lakh now.
Currently, Rohit Singh, a young IT professional in Bengaluru is looking for a spacious two- or three-bedroom apartment in the city. He said, "I started looking for an apartment a few months back. However, with the budget constraint, I came down to 2BHK. But in the process, I came across articles on flexi homes and spoke to one of my cousins in Hong Kong."
Singh said his cousin suggested he get a smaller home with flexible options for multi-functionality. "I have a hybrid working and my wife is currently working from home. It becomes very difficult in a 2BHK when we have calls simultaneously, especially with a kid among us," he added. Singh said if he has flexible options, he can turn one bedroom into a larger living space.
During the COVID-19 pandemic, most people sought an alternative way of living to balance their professional and personal lives while trapped inside their homes.
Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, Global Commercial Real Estate Services (CBRE), said, "With ‘hybridisation’ of work, there is an increased demand for larger and more flexible homes to accommodate home offices. Homebuyers have now turned to a holistic view of a home, which can cater to both their work and recreational needs."