June 28, 2022
MGF Group

                                By Shravan Gupta.

MGF Group

Mumbai: India’s real estate market is looking upwards again.  This has baffled both experts and real estate insiders. These are promising signs in pandemics where any kind of revival is unexpected.  It won’t be wrong to say that 2022 will be a good year for real estate. According to Shravan Gupta, it will be the most progressive year for real estate in terms of residential and commercial property.

The reality is that today more consumers are willing to invest in a property of their own. In the year 2022 will see more buying in Metropolitan as well as mid-level cities.  A small city holds its charm and is relishing its real potential now. Some studies suggest that the same house in a Metropolitan will cost more. 

These changes are visible due to enhanced consumer trust. Parameters to judge these factors are:

Fact 1- Sales have been enhanced in the last FY 2021.

   It has been noticed that most houses were sold in the period between January and September 2021. One can pinpoint straight to initiatives like Government schemes, Builders incentivized buying. Amongst these, it is the strong economic reforms prompted by the Government for the Real Estate sector. The government played a key role as it lowered the home loan interest rate. Shravan Gupta feels this will be fruitful in the long run. And will bring more buyers to the market.

Fact 2- More affordability.

Experts like Shravan Gupta have analyzed the market and suggested that home loans are at an all-time low. Most Nationalized banks are offering loans for as low as 6.5%. This has boosted the confidence of new and first-time buyers. The housing sector will grow by more than 40% in the coming months.

Fact 3- Bigger projects.

Enhanced consumer confidence has led builders like Shravan Gupta to make larger projects in mid-level cities. Today mid-level cities like Kanpur are seeing mega level housing projects with optimum facilities. Such a scenario was unimaginable a few years ago. But the onset of the Pandemic brought this change.

Fact 4- Raw materials are available easily.

Raw materials for building houses are now available with ease again. This is thanks to the enhanced production and its availability. It has quickened the pace of new constructions. Shravan Gupta feels that it is one change that is bound to boost the housing market.

These are changing times more so in pandemic times. India as a market is poised to grow at 9.5%. Real estate sales can be considered one of the pillars for this revival. After witnessing a major downfall in the year 2020, it is a glimmer of hope for the real estate sector. It is expected that this trend will continue till the end of 2022. 

Leave a Reply

Your email address will not be published. Required fields are marked *