For all Indians, past and present, owning real estate has always been a dream. Even the youth of India are not able to stay away from this trend. Despite its rising prices with each passing year, real estate has always been a great purchase. These price increases also outpace inflation, allowing you to experience financial gains despite rising inflation rates. But because of the global epidemic that occurred in 2020, individuals are now extremely hesitant to spend their money in the markets. Regardless of how cautious you are about investing, the real estate industry has predicted a 22% increase in prices for 2021. According to the Knight Frank Report, the housing industry will experience a 5% increase in capital value by 2022. Low interest rates, a decrease in the cost of stamp duty, and reduced premium fees are all factors that influence expansion.
Why is real estate the best source of investment in 2022?
The real estate market has had ups and downs but has managed to survive the shocks of change. Due to the increasing demand from the population, it is one of the markets in India that is growing the fastest. The real estate market has long been advantageous to the country’s GDP. The financial markets fell during the worldwide pandemic, and even the money market failed to live up to expectations, but the real estate market experienced a surge in interest at this time mostly due to the knowledge that owning property is always advantageous.
The trends listed below make 2022 a fantastic year for real estate investments. Co-working and mixed spaces: These are the spaces that are flexible according to the hybrid work culture. It is popular at the moment because of the pandemic situation.
Residential markets will witness an upward trend. It is predicted that residential markets will see a growth of 5% in capital value. Better prices, great luxuries, amenities, etc. will be sought after this year as people look to improve their living conditions.
Land values will likely continue to increase as a result of the resurgence in demand for real estate in the residential sector. Most semi-rural and urban regions have seen an appreciation in the agriculture, residential, and commercial sectors of approximately 50–150% in the last 24 months.
This year, there is expected to be an increase in the market for luxury real estate as more individuals seek out a luxurious lifestyle as a result of their rising desire for a better lifestyle. in investments in ultra-posh colonies, along with a great ambience.
Growth rate forecasts: By 2030, India’s property market is expected to rise by US$1 trillion, making the future of the industry look bright and making investments a wonderful idea.
Check out www.boprealty.com for the latest information about real estate trends and offers.