Welcome to the Investment Year of the Era' - Real Estate Updates

The real estate sector proved to be the most sought-after investment option in 2021. Due to the two waves of the COVID-19 pandemic and the consequences of exclusion, homeownership has become a buzzword in every conversation - in family, social and professional groups.

Despite a challenging year in which lives and lives were threatened, economic growth slowed and unemployment spread across sectors, the real estate sector grew rapidly, making positive progress for the coming year. The sector's strength from the last two pandemic waves makes it optimistic that the sector will streamline the latest Omicron variant that threatens the world today.

Beyond a thriving business environment, the real estate sector is expanding its presence in metropolitan areas to explore key opportunities in areas outside the metro and emerging locations. Significant improvements in infrastructure, low tax rates, recent trends and government policy pressures have helped push further real growth in the country.

Level 2 cities such as Lucknow, Amritsar, New Chandigarh, Faridabad, Indore, Ahmedabad, etc. have witnessed greater interest from real estate buyers and have proven to be good places for real estate. Thanks to advances in infrastructure, well-planned connectivity, world-class housing and social infrastructure, second and third-tier cities have attracted many potential buyers. These markets will undoubtedly lead to the growth of the industry next year and in the years to come. The emotional compulsion of home buyers to own a house in their hometown also threatens to make these cities recognizable

The feelings of buying a house were also particularly evident in the first eight municipalities. According to an industry report, home sales rose 92 per cent between July 4 and September. The report also highlighted that there was a 21% increase in the number of new homes on the market between July and September. The additional figures indicate a renewed confidence of consumers and investors and are encouraging enough for the market to maintain its growth dynamics in the coming year.

The pandemic-affected retail sector has rapidly adapted to new trends due to changing consumer aspirations and preferences. He sees new asset classes, such as hi-street and multifunctional commercial real estate, that benefit investors and consumers. The emphasis is on hi-tech, modern, organised and safe shopping.

Given the significant benefits for the Indian economy, the real estate sector will become a strong pillar in the coming years to support the Indian dream of becoming a $ 5 trillion economy. Significant public-private partnerships (PPPs) in infrastructure will certainly help the country double its economic potential. If positive sentiment continues to grow in the short term, this sector may be another major driver of India's economic boom.