As per the latest report released, the real estate market in India is expected to reach new heights in 2022. The report suggests that by the year 2022 the residential property prices will touch Rs 167 lakhs per sq meter. The retail space will also cross Rs 8,000 per sq ft. This will lead to an increase in demand for residential and commercial spaces and India will be the most sought-after destination for foreign property investors.
Table of contents
- Indian current real estate market situation
- How will the real estate market grow by 2022?
- What are the investment opportunities in the Indian Real estate market?
- Final Verdict on Indian real estate market- How it will reach new heights in 2022
The companies will be investing in India for commercial properties and technology hubs. Both the sectors will see increased investments. This blog will look at all of these factors and why the Indian real estate market is finally set to have a new high.
Indian current real estate market situation
Real estate is the development of land, including the laying out of lots, and the construction of buildings and other physical structures on the lots. Real estate developers/companies usually finance their projects via debt (e.g. mortgages) or by using other peoples’ equity. The term “real estate” is not generally used in countries where the property is taxed uniformly.
The Indian real estate market has had a tough couple of years. The market has diversified over the past few years and has been growing at a steady pace, with the developers and brokers trying to find the best way to bring their projects to the market. With a lot of new developments coming up and the market continuing to grow, the real estate market in India is expected to touch new heights by 2022.
How will the real estate market grow by 2022?
In India, Real Estate is the second largest segment of the economy, next only to the Service sector (including Finance and Insurance). Real Estate contributes 5% of the national GDP and employs 2% of the country’s workforce. It is expected to grow significantly in the next few years, given the projected growth of the national economy.
2022 will see a lot of changes in the Indian real estate market. Most people think that the Indian real estate industry dominated by the metros in the country. While this is true to an extent, there are also a lot of opportunities in tier 2 and tier 3 cities. The growth of the market will be due to various factors. Such as the increase in population, the growth of the economy, and infrastructure improvement.
The population is expected to grow by 22% by 2022, which will increase the demand for housing. Additionally, the growth of the economy will lead to an increase in the number of people who can afford to buy homes. The infrastructure improvement will lead to the development of new areas, which will provide opportunities for real estate investors.
What are the investment opportunities in the Indian Real estate market?
The real estate sector is one of the most important sectors of the Indian economy. It is a key driver of economic growth and employment generation. The sector has been registering healthy growth in recent years. On the back of strong economic fundamentals, rising income levels, growing urbanization, and fast-paced industrialization.
The Indian real estate market offers a wide range of investment opportunities across different segments. Such as residential, commercial, retail, hospitality, and logistics. The market is characterized by high potential returns, large-scale investments, and significant growth prospects.
Final Verdict on Indian real estate market- How it will reach new heights in 2022
India is projected to be the world’s fastest-growing major economy in 202. With the real estate sector being one of the most important contributors to the growth. It is expected to grow at a compound annual growth rate of 12% to reach US $1 trillion by 2022. To know more about this and other interesting updates about the Indian real estate market, please visit our blog at openplot.com.