The real estate industry in India has undergone a bumpy ride over the last couple of years. With the New Year coming in, you would like to know the housing trends that would dominate 2022. Through this article, you will get a detailed insight into the trends that would shape the industry in the coming year.
- Considering fresh supply sales of residential property, the levels might be the same as 2019 in 2022. Besides, the interest rates are likely to increase in the second half of 2022.
- Moreover, the real estate industry will witness the involvement of large players. Organized developers and Grade A builders are likely to come up with more projects. These developers will capture a larger part of the market, and the smaller players might have a difficult time ahead. Large players will be focusing mainly on the high and mid-end housing projects.
- Over the last couple of years, developers have been able to market homes that were actually malfunctioning due to the curbs imposed as a result of the pandemic. The focus on hybrid models was relatively high. Besides, the developers got the opportunity to explore some unique tools for marketing, so that they could appeal visually to the customers. In 2022, the demand for homes would be steady, and the project offerings are likely to be unique.
- In 2022, there would be a further reduction in the FD rates of the banks and the rental yields. This difference has been growing large over the last few years.
- Just like 2021, the next year will also witness a rise in the sales of luxury residential properties in metro cities like Delhi and Mumbai. This will significantly push the real estate sector towards a stronger position.
Apart from the trends outlined, fresh trends are also likely to show up as the market continues to evolve according to the changing paradigm.
