⚧Latest Market Trends

The Indian economy is showing signs of recovery after a difficult two years scarred by the COVID-19 outbreak. The majority of economic indices have either exceeded or come close to pre-pandemic levels.

The country's central bank projects GDP growth of 9.5 percent for Fiscal Year (FY) 2022, owing to the previous year's low base. The real estate industry is likely to profit from this increase in economic activity, with the residential, commercial, warehouse, and data center sectors receiving the greatest focus.

Here is a list of the top trends in the Indian real estate industry in 2022.

Growing Residential Market

Following a lengthy period of decline and then stabilization, residential prices are projected to resume their upward trend. In 2022, researchers forecast a capital value rise of around 4.8% for the residential property market in the nation. Numerous supply- and demand-side variables have begun to exert increasing pressure on property prices during the previous decade.

Residential sales momentum is likely to continue in 2022, as potential homebuyers' desires for larger houses, improved facilities, and more affordable housing will keep them interested in closing agreements.

The Office Sector Benefits from IT Sector Employment

The employment of information technology professionals has reached an all-time high, which is assisting in the growth of the office sector. Based on recruiting in the previous 18 months, Knight Frank Research predicts that the increased demand for office space from the top five IT enterprises will be more than 1.08 million square meters (11.67 million square feet) in the near future.

Co-working spaces becoming more practical

In a time of uncertainty caused by COVID-19, companies want to be able to change most of the cost parts of their business strategies. As a result of this shift in planning patterns, the co-working industry will profit, as the pandemic will increase the need for adaptability like never before. Agility, which is a word that is often used to describe the co-working industry, will drive demand for flexible office spaces.

Centers that store and process data

The demand for data centers has gone up because of digitalization in the wake of the pandemic. India's move to become a "digital economy" made more people want to work in the field. Increasing demand from fintech, eCommerce, media, education, and content companies has led to more people needing to rent or buy space in a data center in India.

Affordable segment to grow

In 2021, we saw a lot of people choose to buy things that were cheap. Over half of the housing demand in the top markets came from people who could afford it. From this, developers have been able to focus on cutting costs, even though input prices are going up.

According to current market trends, the future of Indian real estate not only appears bright, but it is expected to perform even better in the next few years. Several aspects, such as pricing, buyer behavior, demographic shifts, and the cost of raw materials in general, will continue to have an influence on the real estate industry's various touchpoints. As a result, in the following year, the sector will be led by cheap, self-sustaining hotels with a customer experience-centric strategy. According to current market trends, the future of Indian real estate not only appears bright, but it is expected to perform even better in the next few years. Several aspects, such as