6 Emerging Trends In India’s Real Estate In 2022Arun Kumar 09 November 2022
India has a population of more than 1.3 billion, which puts its real estate market at the top in terms of size and growth potential. But despite this huge potential, there are some key trends that will impact how we buy and sell property in India over the next few years. Here are six emerging trends in real estate:
Trend 1: Affordable Housing
Affordable housing is defined by the World Bank as “housing that provides a decent place to live”. The concept of affordable housing has been around for decades, and it has been used in different ways. In Australia, it was used to define government-funded social housing projects.
With an estimated shortage of 12 million homes across India alone by 2022 (according to Nasscom), there are many ways you can make sure your home is affordable by taking advantage of these emerging trends:
Trend 3: Technology-driven Real Estate
Technology-driven real estate is a new trend that will be a game changer in India’s real estate market. It involves the use of technology to help buyers and sellers find each other, negotiate deals, and close transactions faster than ever before.
Technology has become an integral part of our lives and it has revolutionized many aspects of our daily lives including buying property or selling houses (or any type of property). With the rise in demand for housing worldwide, it is only natural that more people would want to invest into this sector through investing in properties instead of just saving money on rent payments alone!
The good thing about this change though; there are some benefits associated with it too such as:
Trend 4: Rise of Co-living Spaces
Co-living spaces are the future of real estate. These new developments, which are often called co-living spaces or co-working apartments, are a way to live that is more affordable and environmentally friendly than traditional living situations.
Co-living spaces work like this: You rent your own apartment in an apartment complex that also houses other people who want to live there as well. On top of that, you can pay rent on your individual unit by working at one of the many different businesses in your neighborhood. This means that instead of having one large property where everyone lives together in one building like they would at an apartment complex, there are multiple smaller properties spread out across town where people have their own homes but still interact with each other through shared amenities such as laundry rooms and kitchens—all while saving money!
The best part? It’s not just about saving money anymore; it’s also about being more environmentally friendly because these buildings tend to be much smaller than traditional housing options like condos or houses due to space restrictions placed upon them by zoning laws within each municipality where they exist—which means less energy usage needed per square foot compared with bigger structures built using traditional methods."
Trend 5: New Payment Models
In the not-too-distant future, you may be able to buy a house with cryptocurrency.
This is one of the many emerging trends in India’s real estate sector that we see as being particularly potent for 2022. The need for new payment models is clear: As more people move into cities and become members of the middle class, their spending power increases exponentially. And as they do so, they will need homes—and lots of them!
The rise in popularity of cryptocurrencies like Bitcoin has helped make this possible by creating new ways for people to transact with each other without having to rely on banks or other financial institutions like PayPal or Venmo (which allow users to transfer money between friends). With its ease and convenience at hand, today's youth have become more likely than ever before (in developed countries) not only adopt but also invest heavily into digital currencies such as Ethereum or Litecoin too
Trend 6: Development of Suburbs & Tier-2 Property Markets
India’s real estate market is growing rapidly, and the Suburbs & Tier-2 Property Markets are an emerging trend that will continue to grow in 2022. The Suburbs & Tier-2 Property Markets are becoming more and more popular among investors because they offer better returns than their Tier-1 counterparts. With a low cost of living, these areas also attract new entrepreneurs who want to own homes in cities with good schools, hospitals and other amenities.
The demand for suburban property has increased over the past few years because of increased population growth in these areas which means there is now more demand than supply when it comes to purchasing residential properties in these areas. With so much new construction coming up every year around Delhi NCR (National Capital Region), Mumbai Metropolitan Region (Bombay) etc., developers have started building apartments where you can buy multiple units together or single units separately depending on what size house suits you best!
These are the trends for real estate
The following are the trends for real estate in India.
The level of importance of each trend:
Trend 1: The increasing demand for homes will drive up prices and create a shortage, which can cause a bubble to form. This will be bad for buyers and sellers alike, but it could also lead to an economic crash if we don't get our act together soon enough. If you see this happening, it might be time to start looking into buying your first house!
These are the trends for real estate in India in 2022. It will be interesting to see how these changes shape the market and what impact they will have on our lives. If you have any questions regarding the information then feel free to contact us at +91 7428896609.