Indian Real Estate Sector: Year 2022 and The Years Ahead

 



India's real Estate Sector is a prime sector that has been continuously expanding. The real estate industry in India has always been capable enough to cater to market needs. This sector has particularly done a phenomenal job in the past few years. Especially looking at recent years, the expansion of real estate in small towns and villages is highly impressive. The growth in the real estate sector is counted with the expansion of residential properties in metro cities generally, but the third-tier cities, towns, and villages of India have also done noticeable expansion. 


The real estate sector of India ranks third in terms of FDI flow. The real estate sector is also likely to touch the rs.65,000 crore mark by the year 2024. The statistics say by 2025, this sector will contribute 13% of the GDP of India. The industry has also been contributing to generating employment in India, which sports the statistics making it the second largest sector. The statistics say all for the improvement in the growth of the real estate project in surat.


The pandemic did make a lot of changes in people’s lives, especially where and how they live and work. However People have started turning to their normal lives again, they have also become more appreciative of nature, peacefulness, and hassle free life more. The ‘work-from-home culture’ or the hybrid work model can inspire more and more people to move to satellite cities. Reputed top real estate developers of India have understood the fact and are coming up with commercial and residential real estate projects in the suburban areas and towns to support the new lifestyles of people. They have been more creative in developing the secured and gated communities, commercial properties, and malls in those areas as well. 


The industry has always accepted the needs and requirements of the customers and served them positively. As mentioned above, the real estate sector is capable enough to cater to the growing market needs, thus fuelling its growth. 


The demand for new property in Surat or let’s say the whole of India has always been strong and is getting stronger every passing day. Therefore, giving developers and architects more and more chances to be creative with their work and fulfill the growing demand. The changing lifestyles, business interests, and demographics are the major factors for advancement in the development of buildings and structures. The real estate industry of India has been successfully serving the need for advancement in development and thus, turning the demand into sales. 

Real estate investment is always considered to be the best investment for the long term. And providing the best investment opportunities to the people of India, the real estate sector has become a preferred asset class. Thus, looking at all elements, it is safe to say that the real estate industry in India is positioned top for further growth in the years ahead. 


FAQs:


1. Which is the best sector to invest in India for the long term?

Ans. The real estate sector is considered one of the best sectors to invest in India for the long term.


2. Will the Indian real estate industry be experiencing growth in the near future? 

Ans. Yes, there is a high chance of the Indian real estate industry experiencing growth in the coming years, as per the statistics. 


3. What is the preferred asset class in India?

Ans. Real Estate is the preferred asset class in India.



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