Real Estate

Why Health Care Is a Top Priority For New-Age Buyers?

The Covid-19 epidemic has shaken and sharply changed the whole world and our environment we live in. As a result, wellbeing and health, both physical and psychological, are in a new light in the new normal. According to Goel Ganga Developments director, Atul Goel, “there are various change drivers as sensitive as they are to cite a lack of good healthcare access, personal losses, and the face of adversity as the primary ones.”

Previously, home buyers prioritized amenities such as furniture, leisure areas, and power backup. However, according to a recent study conducted by an online real estate platform, proximity to health care services was the most important feature.

Health is wealth

Several people during pandemic suffered with getting immediate health facilities. One has to settle in a place where there is health facility available. In the residential segment, mixed-use properties with modern facilities such as ample green open spaces, workout zones, clinics, wellness centres, health spas, play zones, child-care centres, convenience shops, and closeness to hospitals have emerged as the most sought after options.

The pandemic has made people realize that medical emergencies can take place any time. Aside from the lockdown, the pandemic’s impact has been exacerbated by a lack of access to adequate living conditions and healthcare facilities. As a result, ensuring that healthcare facilities are included in the project or that they are close has become critical for buyers.

People now understand the importance of investing in real estate as a result of the pandemic’s fear and uncertainty. Today’s millennials will make sure that reliable, high-quality health care, groceries, and schools are only a phone call away. Furthermore, the presence of high-quality healthcare facilities in the region boosts not only the area’s general liveability quotient, but also the property’s potential ROI and present worth.

Demand-supply gap

Healthcare facilities, such as multi-specialty hospitals, testing labs, and minor clinics within residential complexes, will become a major consideration for homebuyers in the future. In most of the top eight cities, however, real estate growth is currently outpacing healthcare infrastructure. While industrialized countries spend nearly 10% to 18% of their GDP on healthcare, India spends only 3.5 percent of its GDP on healthcare. In India, the number of hospital beds per thousand inhabitants is also low.

India only has 0.5 beds in public hospitals per thousand people if we compare globally. Despite the increase of private hospitals, the deficit remains well above the global average. As a result, the government should assist the development of community health centres in densely populated areas. According to Goel Ganga Developments Pune, “India needs to considerably expand public spending on healthcare facilities to reduce the demand-supply mismatch.”

As a country with roughly 18% of the world’s population, India faces a significant challenge in developing its healthcare infrastructure. It must make significant progress in closing the gap. Amenities and facilities are essential components of new projects from the developer’s standpoint. Healthcare has become a major part of the new paradigm. Clinics and other OPD-type setups in projects that ensure medical care facilities should be well-integrated to provide clients with a complete living experience.

According to Goel Ganga Developments Reviews, they established high-performance projects that enhance overall, ensure sanitation and offer lifestyle services.

Conclusion

Developers will also concentrate on improving the client experience. They will also offer value-added services such as virtual medical consultations, pharmacies, diagnostic centres, and emergency rooms. In the next two to three years, artificial intelligence and technology will play a critical role. It will help in enhancing access to healthcare services.

Other than this, government is also encouraging the private sector to create healthcare infrastructure in cities by giving tax incentives. Many customers’ interactions with the health-care system have changed as a result of the epidemic. In some ways, it has sped up consumer activation while slowing it down in others.

On the one hand, customers are more prepared to reveal their personal data. They have increased their virtual visits and engagement with health technologies. Many people are reporting increased anxiety, financial and economic concerns. Increased purchases of processed food, and a reluctance to go outside are also some of the concerns. People resume normal life for fear of contracting the virus or spreading it to others.

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