The Housing Market in 2022: The Latest Trend!

Sujan Afi S

Introduction

How will be the housing market of India in 2022? If you are going to buy or sell a house then this blog is surely going to help you a lot. Because in this blog we are going to discuss the trends of the Indian housing market in 2022. 

Before buying or selling a property it is very essential to research the trend of its price and market. You will surely not wish to make a wrong property deal because you know the value of money. You know that the golden days of your childhood days are over. There was a time when you might not have understood the real worth of money. But now, as you have to take care of your family, you know the value of everything that you earn! 

Therefore, understanding the market is quite essential before taking any decision regarding buying a real estate property. So, have patience and read the blog carefully to understand the overall trend of the Indian housing market in 2022.

Impact of Covid – 19 on Indian Housing Market and its Trend in 2022

The impact of pandemic Covid – 19 is observably negative on the housing market of India. The nationwide lockdown has severely affected the real estate sector of India. As a result, the Indian housing market saw a major setback in the year 2020. The impact was observed as acute in the year 2020. Nevertheless, the year 2021 shows a sign of recovery! Although the overall status of the Indian housing market in 2021 is not satisfactory enough it is surely better than in 2020. The demand for residential as well as commercial housing markets gradually went up in 2021 which is a sign of recovery from the effect of covid – 19.

According to real estate specialists, the Indian housing market is likely to continue going up in the year 2022. Noticing the increasing trend of the demand for housing it can be predicted that the housing price may rise near about 5% in 2022. The demand for housing will increase for both residential as well as commercial properties.


Viewing microscopically!
In this postmodern world, every voice is being celebrated. Equal importance is given to each of the opinions. Human beings have learnt to be independent and confident. They have learnt to value themselves! Hence, they need their own space where they can express their ideas freely. Thus, there is an increasing demand for real estate properties, both residential and commercial. Further, if we consider the present pandemic situation where we need to maintain a social distancing from even our near and dear ones, we can find the reason behind the demand for houses/apartments!

The Major Trend of the Indian Housing Market in 2022

The major trends of the Indian housing market are mentioned below:

  • The prices of the residential housing sector might increase at a rate of 5%. Sales momentum for the residential housing sector is expected to continue in 2022 and the home buyers will be attracted by the bigger size of the home, better amenities, and attractive pricing.
  • The co-working sector will be benefited and it will create demand on the housing market for office space.
  • The rental price will be more stable in 2022, keeping a relationship with the recovery status of office space.
  • With the increase in the demand for the e-commerce sector, the demand for warehouses might also increase in 2022 which suggests that the demand for the commercial real estate sector will increase in 2022.
  • With the increase of the development of the economic sector, the GDP will also go up. This will ultimately help accelerate the demand for the commercial housing sector in India.
  • The IT sector will get momentum in 2022 and it will require office space. This will provide oxygen to the Indian housing market in 2022.
  • The impact of the pandemic on various economic sectors as well as in real estate sectors will be reduced in 2022. With the increased normalcy, the demand for housing and its price also will be going up in India in 2022.
  • The pandemic situation has helped people understand the importance of space and as a result, the momentum of the high number of first time home buyers will also continue in 2022.
  • The mortgage rate may also increase slowly in 2022.
  • The big cities of India like Delhi, Mumbai, Chennai, Bangalore, Kolkata, etc. can surge again, thus, increasing the demand in the housing market and helping recover the Indian housing market in 2022. 

Conclusion

The trend of the Indian housing market depends on many factors. But keeping a relationship with the present market as well as the environmental situation it can be strongly predicted that the coming year (2022) will bring positive news for the Indian housing market. Both the residential and commercial sectors of the housing market will observe positive growth in 2022. Thus, it can be said that the price of the housing sector of India will increase by nearly about 5% in 2022. There might be several renovations and changes in the style too. Let’s wait and see what the real estate icons have planned for us!

I hope that I have been able to give you a rough idea about the upcoming trend of the housing market of India. Nevertheless, if you have to know more about it, drop a mail at info@roodland.com to get in touch with the experts of Roodland India. For getting more updates about the real estate market please visit our LinkedIn page. Also, visit The Real Talks platform to read some more articles related to real estate!

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