Square Yards, one of country's integrated platform for Real Estate & Mortgage, recently released a first-of-its-kind COVID Suitability Index report. The latest research report by the company tilted “Suitability Index: The COVID Perspective”, was aimed at studying the suitability and liveability aspects of three key cities of India - Mumbai, Bengaluru, and Gurugram, keeping the coronavirus (COVID-19) pandemic in mind.
Not only are these cities, the top real estate destinations in the country, were also on the list of the ones severely hit by COVID, which was the first step towards drafting the Suitability Index.
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Here are some key points which were used as the foundation of the report:
- The need for one’s own ‘home’ has gained an all-new dimension since 2020 due to the changes brought in by the pandemic and these changes are here to stay. This study was an attempt at making the home-buying process in the COVID era slightly more pragmatic.
- It also highlights certain meaningful factors that the end users today need to acknowledge while deciding to buy the right home in a pandemic like situation.
- These include factors such as population density, open area ratio and availability of hospital infrastructure which could be of far more importance today than distance from work or affordability.
The report uses these factors and the COVID-19 status of Mumbai, Bengaluru and Gurugram, to ascertain the suitability of these cities. The liveability aspect of the study would help an end-user make an informed decision before choosing the city to live-in
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Key takeaways from the report:
- As per the report, Gurugram was the most suitable city to live keeping the COVID-19 perspective in mind. This was based on the comparison of the above-mentioned three cities only
- The East zone in Gurugram, the Western and Central suburbs in Mumbai and Mahadevapura zone in Bengaluru were found to be the most suitable to live from a COVID perspective.
- While both Mumbai and Bengaluru had only 1.3 and 0.30 COVID-19 hospitals available respectively per 10, 000 people, Gurugram outshone both with 2.5 hospitals per 10,000 people.
- Contrary to the common notion, the report suggests that Mumbai has the highest Open Area ratio amongst the three cities at 45 per cent.
- Mumbai was the most densely populated at 60,000 people/sq.km., while Gurugram had the lowest population density at 4,200 people/sq.km.
- The COVID-suitability heat map for each city suggests that across all cities, suitability increased as we moved away from the city centres and older parts of the city towards more peripheral locations.
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