Real Estate Players Back On Track After Pandemic Pressure and Wish to Leverage Sales in 2022

By : 360 Realtors

31 January, 2022

After the pandemic brought the real estate industry in India to a standstill in 2020, it has sprung back with more than 50% recovery the very next year. A calculated footing has brought the players back on track, and they have been assessing the pandemic pressure diplomatically. The property builders are eyeing shorter gains in 2022, and hope that they can leverage sales in the upcoming year. In 2021, they have witnessed the industry revive amidst all the struggles. The Indian real estate sector is likely to grow to USD 1 trillion by 2030, jumping from a paltry USD 200 billion before the pandemic.

The demand for classy homes from reputed builders has already been on the rise. Moreover, the supply of new homes has been disciplined. With the attitudes of households changed towards the ownership of homes with larger apartments, 2022 is likely to be a good year for the real estate players.

Between January and March 2021, the sales were strong, and the real estate industry started with a bang. Moreover, the interest rates on home loans were also low. The buyers also enjoyed lower stamp duties on the properties. However, the second wave of the pandemic affected the industry around April, dampening the spirits of the players. During the second quarter of the year, the sales of properties were muted. However, the second half witnessed a strong comeback.

Moreover, property buyers have a trust on reputed builders who have demonstrated the track record of delivering projects on time. Since September 2021, realty stocks in India have also shot up significantly. In major metro cities in India, including Delhi, the sales of properties have increased significantly in the last few weeks. This trend is likely to continue in 2022 as well.