Real estate market



Ajmera one kalyan 

By far, 2022 has been a key year for India's real estate market and housing trends . As a result of rising demand, falling lending rates, and steady pricing trends, the amount of unsold inventory has somewhat dropped. The real estate market came to a complete halt as a result of, and things only got worse when the second wave hit in mid-2021. But happily, despite the pandemic issue, real estate trends in India are still showing positive signs.

Housing trends are probably going to keep thriving, and maybe 2022 will come to a happy conclusion. As housing trends improve, the residential market is expected to have capital value growth of about 5%. Residential real estate trends are also experiencing a tremendous resurgence due to the increased demand among purchasers who prefer larger homes with more facilities. The commercial real estate market is booming as the work sector gradually but surely returns to the office. Additionally, unlike ever before, the market for luxury real estate is reaching unprecedented heights.


SPECIALLY FOR LOCKDOWN AWAAZ 

Real estate trends indicate that they will continue to rise during the coming year and subsequent five years as the Government of India (GoI) puts forth several efforts, such as providing cheap housing for its residents. The Union budget for 2022–2023 contains significant announcements that should support the real estate industry's expansion. The Pradhan Mantri Awas Yojana, which aims to build 2.95 crore houses, and Pucca House Provision, whose deadline has been extended from December 2021 to 2024, are just two of the noteworthy projects the GoI is working on to make housing affordable for everyone, especially those living in rural areas.


COMMERCIAL TRENDS FOR THE FUTURE

In one of his interviews, Anuj Puri, the chairman of ANAROCK property consultants, claimed that the housing market in India is a buyers' market and that the pandemic has further changed the housing trends from a consumer preference market to one in which more ready homes or units that are nearly finished are being sold than ever before.

According to calculations by Reuters based on the Reserve Bank of India's home price index, the average house price increased by just 2.5% over the past year, while every other real estate market had double-digit increases. The real estate industry is now back on track and catching up with speed with the arrival of 2022, though. The average price of a home in India is predicted by real estate analysts to increase by 7% in the years 2023 and 2024. Additionally, the Niti Ayog, the official public adviser to the centre (New Delhi), predicts that by the end of 2025, the Indian real estate sector will contribute 13% of the country's GDP and have a market value of $1.3 trillion.



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