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Riya Tayal | 28 Dec 2022

Key Factors that Will Drive the Real Estate Market in 2022

Key Factors that Will Drive the Real Estate Market in 2022

Unlike previous years, 2021 was a remarkable year for the real estate industry. Following the pandemic, the real estate sector witnessed a slow but successful recovery with significant sales and the introduction of new housing and commercial projects. Let's talk about the factors highly responsible for the hike in sales. It involves a shift in buyers' attitude at the top because people considered owning a house during the pandemic the safest option in terms of investment.

This was just a brief on how the real estate sector performed in the past year. Now, let's start with the article and look at the prime factors that will drive the real estate market in 2022.


1. Emerging realty hotspots

The current year 2022 will witness real estate developers making huge investments in the suburban regions. These micro-markets have continuously seen an influx of migrants from outside the city, owing to the presence of well-known educational institutions and the creation of IT special economic zones nearby. These suburban regions have excellent access to the rest of the city and have become one of the most preferred alternatives for homebuyers due to improved connectivity for commuters.

Besides this, the availability of affordable houses at places where major amenities are easily accessible has made micro-markets a sought-after location for real estate.

Also Read: Real Estate Markets of 2022


2. Integrated living

The concept of integrated living is emerging at a fast rate in the residential sector. This is because home buyers have started preferring real estate projects with up-to-date & modern amenities and better connectivity to essential places like shopping malls with multiplexes, leisure clubs, hospitals, schools, etc. The trend of integrated living has gained popularity in the year 2022 as home buyers are now looking to live a more peaceful and relaxed life that is secure and self-sufficient.

Housing option like township living takes care of all civic, social, and recreational requirements of the residents. Additionally, they are equipped with high-end security systems as well. Due to this reason, the home buyer's demand for township living is increasing positively and is sure to continue in the upcoming years as well. 


3. Wellness homes

Another prime factor that is likely to drive the real estate market in 2022 is wellness homes. Wellness housing communities are primarily the communities that are equipped with essential features that positively influence human health and progress. With hygiene and health taking center stage during the pandemic, the demand for exclusive amenities that foster a healthy lifestyle has witnessed an enormous increase. From pollution-free air and streets to walking trails and a clean environment, advanced features that promote wellness and health like yoga studios, oxygen-infused clubhouses, chlorine-free gyms, etc., have become favorites for home buyers. 


4. Increasing interest from NRI home buyers

Having a home in a country like India offers NRIs, i.e., Non-Resident Indians, a sense of continuity and security to fall back on in times of pandemic or crisis. Furthermore, this will allow the NRIs an option to retire in the nation or explore new business prospects in the region and nearby areas. A perfect combination of low home loan interest rates, excellent offers and deals, a fall in the exchange rate of the Indian rupee, and the availability of affordable housing options are sure to make 2022 a great year for Non-Resident Indians (NRIs) to invest in the real estate market. 

Also Read: How To Ensure Investment In The Right Property Within A Decided Budget


5. Real estate as an investment option

As an investment, real estate is the best option! The tangible aspect of real estate as a long-term investment tool has come out stronger than ever. The previous year 2021, observed a surge in secondary house buying. Most people today have started realizing the advantages of investing in the real estate market and considering it as a secure and safe investment option. By taking into consideration that the real estate sector offers higher returns and is not as volatile as many other investment markets out there, 2022 will witness a bountiful increase in real estate investments.


6. Other trends

The alteration in lifestyles has led to the rise of the individual villa segment in the country, where home buyers have started preferring independent houses instead of apartments. Furthermore, the need for a low-density living has now increased more than ever, leading to this new trend. Apart from this, the need for plotted developments has also seen a steady rise during recent quarters. Homebuyers prefer staying in individual homes rather than apartment communities, owing to multiple factors like growing demand for open spaces, capital appreciation, etc. This altogether will enable more organized developers to enter the plotted development space.

This was all about the prime factors that will drive the real estate market in 2022! We hope this guide will help you understand how the year 2022 will witness a multi-fold increase in real estate investments. Of course, if you still have any doubts or queries, you can ask us by commenting below. We will be more than happy to answer your queries.

Also Read: What is the prime lending rate?

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