The real estate sector has completely changed, especially after the pandemic, and India is all set with new trends in the real estate market in 2022. According to sources, the real estate forecast next 5 years in India will be very uneven. Researchers have found that the covid-19 pandemic was brutal for the real estate market. Some unexpected changes seen in the market have led to complete change in the scenario. Here in this article, we have mentioned the top five trends for real estate in 2022.
Top Trends in Real Estate
1] The residential market is back in the front gear
In the early 2000s, the residential market in real estate was not stabilizing easily. The prices fluctuated, and it was a very hectic investment back then. Suddenly the market has changed, and the residential prices are quite stable. The segment is going to gain 5% capital value growth. However, due to the increased demand in the residential sale area, the house price is still not stable.
According to this trend, we can expect that the real estate market regarding the residential property will stabilize by the end of the year. Buying residential property and investing in them was very tricky during the pandemic. But in 2022, with the steep rise in demand, the sector is finally going to see some stabilization. If the pandemic didn’t affect the sector, the residential market of real estate in India was not going to get easy trends. The housing market in India is witnessing a great change with this trend.
2] The office market is seeing an uprise
The information technology sector is boosting the office Market and driving the price on an upward trend. Researchers have found that the demand for office spaces will grow in the upcoming future based on recent data. This has confirmed that the Indian property market regarding information technology will see a huge boost. Even the hiring record in the last 18 months of the pandemic has seen a great hike which has developed demand in the IT companies to get more free office spaces for their workers. Leaving the tech industry, the demand for office spaces in India has never been low. During the pandemic, different sectors got affected differently. The IT sector, however, was seen on the brighter side, and hence they are influencing the real estate sector by setting up a new trend.
3] Ecommerce to get a benefit again
The e-commerce segment in the warehousing sector will also be seen growing. The total warehousing transaction will boost to 36% by the end of 2023. The latest data shows the transactions to be at 31%. Hence, the sector will give a new appraising trend in the real estate market in the year 2022. The overall warehousing transactions will show an enormous annual growth of more than 20% in 2023.
4] Digital consumption to drive data and related growth
India will be seeing a 5g network launch in the year 2022. This might give a boost to the data storing sector. With the increase in data usage and technology regarding 5g India will require more centers to meet the requirement for storage and processing of the data. The country’s data storage capacity will get boosted, and a steep rise will be seen in the trend. To stand up and meet the requirements of the country’s user base will be a huge problem, and hence it will create a new trend in India’s real estate sector. According to the estimated data, more than 290 MW of IT load will be a part of India’s 5g data exchanged in 2022. The total built IT capacity will increase up to 735 MW by the end of the year.
5] Co-working agility and flexible workspace
The COVID-19 pandemic impacted the co-working sector and has reinforced lots of changes. During the pandemic, different businesses have tried to remain flexible and run in profitable cost margins. Hence the co-working sector has also changed, and the pandemic has forced the requirement for agility like never before. To make it more clear, agility is a keyword associated with the co-working sector. It will be responsible for driving the need for using flexible office spaces even after everything gets back to normal.
Above in this article, we have tried to mention some of the emerging trends in real estate 2022 in India. These trends are fluctuating in the market and are causing some critical changes in India’s real estate sector.
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