Many industry experts believe that 2022 will be a landmark year for Indian real estate, in light of steadily growing new launches and recovering sales figures in 2021. People are choosing bigger homes with more open spaces, proximity to healthcare facilities, parks, gardens, terraces, courtyards and balconies. Square Yards COO and Founder, Kanika Gupta Shori, predicts a hot housing market in 2022, where more fence-sitters will convert into actual buyers while residential prices will go higher due to pent-up demand and real estate investment goals of potential buyers. She also feels that there will be strong interest for bigger homes amongst end-users due to the impetus offered by the Government and of course, multiple attractive incentives offered by real estate developers.
Others feel that the continuation of a low-interest regime will keep the sector growing strongly along with multiple connectivity and infrastructural improvements. Developers will keep taping into soaring sales momentum for offloading unsold inventory and keeping balance sheets healthier. HNWIs will keep acquiring property in major Indian cities like Bangalore and Mumbai along with NRIs who will invest more in residential real estate. With 100% FDI for construction and RERA, among other transparency and simplicity oriented moves, these segments will strongly contribute towards the growth of the industry in 2022.
Housing prices may largely remain stable although there may be marginal increases in 2022 since pressure exists on already-thin margins of developers. Consumers are however willing to pay higher premiums for those developers with sound track records as per several other experts. The industrial and commercial sectors will witness revival, backed by soaring office space and co-working demand as per industry experts. IT and ITeS firms will continue fuelling a major chunk of growth in this space as well. All fundamentals of the economy will remain robust throughout 2022, aiding growth and recovery of the Indian real estate sector according to experts.
Square Yards is a technology-enabled, global real estate aggregator and India’s largest player for primary residential real estate. It’s subsidiary Square Capital is one of the largest marketplace for secured mortgages in India. Square Yards platform offers an integrated consumer experience & covers the full real-estate journey from search, discovery to research, transactions, home loans and post-sales service – fully integrating buyers to an extensive network of 500+ partner real estate developers, and 90+ banks & NBFCs. Square Yards is led by accomplished professionals, ex-bankers, and Ivy school alumni and is backed by the competence of more than 2500 employees in 30 cities and ten countries.