The Indian real estate market has consistently demonstrated unwavering tenacity and has been on investors’ radars, considerably assisting India’s economic recovery and expansion. In India, there is a rising tendency in real estate values.
The improvement in consumer mood and steps taken by the government and the developer community have contributed to the increase in demand for the real estate sector.
a housing development in New Gurugram
The residential real estate market is seeing unprecedented levels of optimism.
In 2022, the capital value of the housing market is expected to increase by about 5%, according to the Knight Frank estimate.
According to the report, a number of variables, including the reduction in premium fees and stamp tax, had a substantial impact on the sector’s growth graph. Low home loan interest rates have also improved market sentiment and financial sustainability.
Based on DLF, “positive consumer perceptions, confidence in real estate’s continued growth as a preferred asset class for investment appreciation, a desire to buy one’s own home or upgrade to a bigger and better one, and historically low interest rates on home loans are some of the key growth factors underlying the rising demand and uphill trend in the residential sector.
The market will remain competitive as a result of the surge of offerings that span categories and geographical boundaries, making it even more alluring for consumers.
Other factors, such as flexible payment options and a reduction in stamp duty, will keep both buyers and sellers on their toes.”
Housing sales have been boosted by the rising tendency of consumers seeking security, stability, and well-being in the future.
These encouraging factors have put the industry on an upward trajectory, and better results will be seen in 2022.”
Property values have increased in the real estate industry as a result of the favorable changes to its services.
The industry today draws homebuyers who are making plans for a secure future and hassle-free living because of the immense benefits and prospects it offers, such as stability, future security, certain returns, etc.
As a result, buyers and investors now prefer to invest in the real estate sector “says Santosh Agarwal, Alpha Corp.’s CFO and Executive Director.
In Q3 (October-December 2021-22), the All India House Price Index (HPI) experienced annual increase (y-o-y) of 3.1 percent, up from 2.4 percent in the previous quarter and 2.2 percent a year prior.
Motia Group Director Mukul Bansal adds, “Positive attitudes supported by structural reforms and advantageous circumstances enabled buyers and investors regain confidence, driving demand and investment in the sector even further.
In the post-Covid era, the real estate market has once again been investors’ preferred option in addition to end-users boosting demand in tier 2 and tier 3 cities.
The real estate market is steadily expanding, and the general upbeat mood is likely to support this development.”
However, commercial real estate, which is seen as a high-return investment option, remained the front-runner in Q1 2022.
Private equity investment inflows into the Indian real estate market were $1.0 billion (Rs. 79 billion), or about 5 times the amount seen in Q4 2021, according to a research by Savills India.
Vice President of Customer Engagement & Distribution at Viridian RED, Abhishek Pandey, states, “Investors have regained confidence following the pandemic.
Investing in this market is a terrific idea because of the rising demand and wide range of Grade A office space and other commercial real estate verticals alternatives.
In comparison to the residential market, commercial real estate offers larger rates as well as longer-term capital gains.
Positive market sentiments are currently present and supported by consistent advancements.
The Delhi-NCR region and its micromarkets have seen significant growth in the number of investors and occupants. Competitive rentals will be the preferred investment option and will help to maintain the growth momentum of commercial real estate.”
The need for residential space is fueled by an increase in the demand for commercial space.
The working population must move to the area where there is a need for dwellings due to the increase in commercial activity.
“Following the COVID-19 pandemic, real estate markets have reopened, which has increased demand from buyers, whether they plan to live in the property or rent it out. Due to the fact that buyers are spending more time at home with their loved ones, they are choosing larger, more spacious homes.
In addition, they prefer to have a separate workstation now that “working from home” is the new standard.
Buyers are drawn to homes in desirable neighborhoods with open green spaces and close proximity to amenities like hospitals, schools, banks, and retail centers.”
Vijay Wadhwa, general manager of sales at Vatika Limited, says.