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16 August, 2022
Following the pandemic, the demand for rental properties in India has increased significantly. This is due to the fact that many employees were working from home during the pandemic. Now, these people are getting back to their respective office spaces. As a result, there has been a hike in rental properties, which is evident in the last four months. Besides, there has been an increment in rental value by 10% to 15%. This trend dominates particularly the metro cities, according to industry experts.
The real estate sector is currently being organized in the Tier 2 and 3 cities as well as the metro cities and towns. Particularly, the sector has witnessed a good consolidation in the last six months. Due to the pandemic, people wanted luxury houses and bigger properties. So, the demand for such homes started growing across India in the first few months. However, the metro cities witnessed the lack of inventory in the luxury housing sector. It was around this time that plotted real estate development came into high demand. Families were looking for gated communities to purchase independent homes. It was after this that the demand increased in the regular residential units.
In the last one and a half years, there was an increment in properties in Coimbatore by 13% to 17%. Apart from the core areas in each city, there was an increment in demand in the expanded areas as well. Due to the increment in the demand in rental properties, many investors are purchasing homes to rent them out. The property prices are gradually increasing in the metro cities as well as the suburbs. As a result, it would be a lucrative enough for the investors to go for these properties.
Particularly, it is possible for the residents to customize these properties. Based on the location and other requirements, many investors are searching for residential homes. These homes come in the affordable sector as well as luxury sector. It would be a good decision for the investors to channel their funds into the realty sector since the returns look great. Also, more people are willing to rent these properties. Due to all these factors, the real estate sector looks strong in the coming years. It would be a good decision for investors to purchase new properties now.
Uttar Pradesh RERA: UPRERAAGT10868
Maharashtra RERA: A51900000246
Goa RERA: AGGO07180190
Haryana RERA: HRERA(REG.) 59 OF 2017
Bihar RERA: BRERAA00637/26/A- 50/2018
Punjab RERA: PBRERA-CHD04-REA0102
Karnataka RERA: PRM/KA/RERA/1251/310/AG/171113/000598
Gujarat RERA: AG/GJ/AHMEDABAD/AHMEDABAD CITY/AUDA/AA00607/230723R1
New Delhi : DLRERA2019A0057