Mumbai: The Indian real estate is going through the transformational times. It’s unlike any country where the real estate growth is slowing down. This transformation has been made possible due to the continuation of the present government and positive sentiment. Real estate experts feel it will be a seller’s market. And people are willing to spend money to buy their dream home. Shravan Gupta, MGF Group believes the trend of the seller market in real estate will pave the way for a new future. A seller’s market is a boon for Indian real estate as it boosts the resale value of old and new apartments.
The reality is that house sales are on the rise all over the country. Buyers are also willing to pay more for flats, making it a seller’s market. Some feel this trend will continue till the end of 2025.
Factors that make the housing segment the seller’s market are:
Availability factor: The construction of new apartments has risen significantly in the past few months. This has boosted the existing houses’ resale value. This trend is slowly catching up in tier 2 and 3 cities as well. Market experts believe the trend of the seller market has increased due to the positive growth sentiment and rising disposable income.
Disposable income: People have more money in hand and are looking for good investment avenues. Shravan Gupta, MGF group says property is the best place for investment right now. In 2024, real estate is expected to grow exponentially. The rise in disposable income is making it easy to invest in homes for first-time buyers. Hence, people are willing to shell out more and invest in their dream home. This factor has become a booster for builders and the overall real estate segment.
Urbanisation angle: Cities have emerged as the ultimate choice for people looking to buy new homes. The work factor and house availability have enhanced the demand for houses and their availability. Experts like Shravan Gupta, and MGF Group believe that heightened demand will likely increase pressure on apartments. Hence, making it a seller’s market.
The NRI Angle: India has emerged as a growing power with abundant investment prowess in the real estate sector. More and more NRIs are looking to invest in pre-owned homes and are willing to pay more than the asking price. It is likely to increase the pressure on flat availability, increasing its cost. Some believe it can be a contributory factor making it a seller’s market.
The Indian realty is poised towards growth. A seller’s market will strengthen its value and draw more investments and buyers in the future.
