The real estate sector is one of the highest revenue and employment-generating industries in India. It plays a vital role in shaping up the Indian economy. When sectors such as Real estate, Auto and Manufacturing are doing well, the economy moves northwards.
Hence market experts have a keen eye on the way the real estate sector is performing. There are a lot of expectations from the real estate market in the year 2022. The twin years of 2020-2021 were dampeners as there was very little to talk about for the industry due to obvious reasons. There are a lot of expectations from the real estate market in the year 2022 as the market
Here’s an insight into the current real estate scenario in the year 2022.
- The Indian real estate market is expected to exhibit a CAGR of 9.60% for 2022-2027.
- The Indian real estate market is going through a rebuilding phase in the year 2022. There are an astonishingly large number of infrastructure development projects such as highways, dams, metro rail and airports being carried out in India, giving a great boost to the real estate sector by generating employment and revenue.
- The telecommuting (WFM) culture has meant that there is more demand for spacious apartments and villas and reduced demand for commercial properties. This is an encouraging sign for the residential properties market.
Conclusion: To conclude, it can be asserted that The real estate market is expected to perform well in the period of 2022-2027 and we at Poetree Homes are positive about the Future growth of the Real estate Industry.
