2021 has been a roller coaster ride for Indian real estate. Indeed the year which passed by, was a roller coaster ride for the sector.

During the lockdown 2.0, the market crashed. But, it bounced back soon with demand gaining impetus. Amidst the Omicron crisis, the 2022 real estate market looks bullish and demand is “swimming upstream” across categories- Opines Hirav Shah, Popular Real Estate Astrologer and Advisor.

Famed Real Estate Strategist and Real Estate Business Transformation Expert Hirav Shah mentions some of the key factors that will define Indian real estate in 2022.

1.The tailwind of a better learning curve will manage the pandemic’s downside risks

Its a well known fact that Omicron cases are exploding in innumerable cities and obviously it is certain to weigh on the real estate demand in our Country.

There is a positive sign to it though. The past experiences of the crisis have helped us to learn as to how to face, mitigate and quickly recover from an impending emergency.
So, naturally the business fraternity and governing agencies have become resilient, this time.

Likewise, even if the worst happens like lockdowns and shutdowns, businesses will run almost as usual and a huge demand destruction would not be there. So, a good thing, isn’t it…

2.In the second half of 2022, there is a possibility that the prices move northwards

In the previous two years, real estate prices have mostly remained stable.
However, finally, the real estate prices might move upwards in the second half of 2022.

The market buoyancy will be backed by a demand surge. The Indian housing market is seemingly bullish actually. Over the past two and half years, there has been a huge amount of pent-up demand generated, which is now unlocking, giving the market a positive flip.

The industry will also be helped by lower home loan rates. On a healthy economic outlook, real estate is also capitalizing and this is obvious. As demand will increase, prices will naturally go up.

In the surge of prices of raw materials such as cement, steel, bricks, energy, etc. the positive push in the prices will also be rooted.

Meanwhile, it is important to note that in case of any monumental shift in cases, this will be contradictory.

3. In a sustainable community-driven lifestyle, the focus will be more

How important and enriching it is, to live a socially fulfilling, community-driven living in our country, finally folks are realizing now…

Since time immemorial, human beings are social animals and it has been the essence of the growth and evolution of civilization. This idea of living a socially engaging lifestyle has once again been reaffirmed by this ongoing pandemic.

This has been understood very well by developers and hence they are now coming up with innumerable new projects which can
nurture social interaction with meaning and render a sense of social community lifestyle.

4.The market segment to watch out for will be RSH

The RSH market in India has gained a super huge shift in demand during the pandemic. In major RSH markets like Shimla, Goa, Ooty, Alibaug the demand is soaring upward.

The market is sized at USD 1.394 billion presently and is expected to reach USD 4 billion and it will not take much time, only 5 years to get there.

In the foreseeable future, the demand for a second home will continue to go over the roof as the Work from Home or Work from Anywhere culture is gaining immense popularity.

People will move to second homes and will keep functioning from there. These people are
corporate, lawyers, tech entrepreneurs, creative professionals, consultants, etc…

For the RSH segment in India, the rising demand for flexible working hours will be a major growth multiplier.

Concluding Thoughts:

Significance of e-commerce is what the lockdown taught the world.Digital commerce is never going to completely outmaneuver its physical counterparts- this is what the lockdown taught the world too.

However, an increased focus on experiential retail will be seen throughout 2022, Predicts Hirav Shah.

To help visitors unwind, relax, and entertain themselves- high streets, malls, hypermarkets will come up with new concepts and ideas-Wraps Up Hirav Shah, India’s Leading Real Estate Astrologer and Strategist.