In earlier articles, we looked at the best top places to invest in Ahmedabad real estate and how to leverage real estate investment. Hirav Shah, Famed Real Estate Astrologer and Strategist and also leading Real Estate Consultant is of the opinion that Real Estate Investment in the housing space in 2022, has a tremendous future in Pune, Lucknow, Surat, Indore and Hyderabad.

Read this space to know the details!

1.Pune Real Estate in 2022 :

We all are aware of the fact that Pune witnessed bumper home sales in calendar year 2021 on low interest rates and other sops. And, now is the catch. The fast-spreading Omicron variant of Covid-19 could tremble the market but only for a short period. The good news is that the impetus in the market may be maintained through 2022.

Pune stands out in terms of affordability and it was also among the highest in our Country with an average of 28% of the monthly income going toward the housing loan EMI. The market has also been immensely helped by sops from the Maharashtra State Government like the stamp duty rebate.

In the city, housing sales in 2021 nearly touched 2019 levels. Despite interest rates rising slightly over 2022, the levels of affordability will not be affected much. Of course, it is obvious people will be cautious due to the new Covid variant, but sales are still expected to be wonderful.

2.Lucknow Real Estate in 2022 :

The growth of the housing market in Lucknow, the second largest city of North India and Capital of the second-strongest state economy in the country, is catapulted by a major economic and behavioral change in consumers.

Lucknow’s position as a promising real estate hotbed has been strengthened due to rapid infrastructure growth, good governance, improved standard of living, and huge investments by private players.

In 2022, property inquiries have increased hugely in tier-2 cities, and Lucknow has raced ahead of some of the top cities. It has also made into the top 20 list of Indian residential index (IRIS) which means, Lucknow is brimming with opportunities and the city will soon become an epicenter of realty growth in North India, in 2022.

3. Surat Real Estate in 2022 :

Being one of the three major nodes for infrastructural, financial, manufacturing and business development, Surat’s housing market has benefited immensely indeed.

There is a huge demand for residential properties because of newer business investments and due to the advent of several townships and corporate conglomerates. The Surat housing market is now estimated to be flourishing by almost 8-10% every year.

Renowned Real Estate Consultant and Strategist Hirav Shah has estimated similar figures for the last four to five years which gives an insight into the city’s staggering progress. According to Hirav Shah, increased economic activity in the area has led to the creation of genuine demand for housing spaces.

When it comes to developing housing properties and complexes, costs of projects are held to be lower. As a result, profitability is really high for developers, so watch out for Surat for your housing space investment !!

4. Indore Real Estate in 2022 :

Indore, the economic capital of Madhya Pradesh, has scope in every sector. The IT hub, education and real estates are making Indore as the center of attraction for investors, in the housing space.

Property sales in Indore touched a record peak, in the 2021 calendar year clocking a revenue of Rs 1,620 crore led by sales of residential properties, despite battling pandemic. Home buyers pushed property sales to a new high in the calendar year 2021, breaking all previous records. From user customers for residential properties, sales were led by demand.

So, watch out for Indore for investment in the housing space, in 2022.

5. Hyderabad Real Estate in 2022 :

Last year has definitely been a year of positive change for Hyderabad’s
residential realty. The strong momentum in the residential markets will continue through the 2022 calendar year, despite India facing the Omicron threat.

Larger homes are going to be the preferred option among homebuyers in 2022 as industries are offering remote working policies amidst pandemic. The search queries for flats with 3+BHK configuration grew by 15% year-on-year in 2021 as per a recent study.

Hyderabad will drive residential demand revival in 2022 for sure. So, watch out for this lovely metropolitan city !!

Final Thoughts:

Access to better healthcare services, security, and open spaces is what homebuyers are looking for today and hence they are now leaning towards larger homes and localities with these facilities.

Lastly, if you have made up your mind to invest in the housing spaces in India in 2022, then Prolific Real Estate Consultant, Advisor, Strategist and Astrologer Hirav Shah has just suggested the right cities for you !!

Note : Images are used for illustration purpose only