Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs

SUPPORT

Menu  
 
Apply Now
Apply Now

Tata Capital > Blog > Here Are Some of The Changing Dynamics of Real Estate Sector in India

Loan for Home

Here Are Some of The Changing Dynamics of Real Estate Sector in India

Here Are Some of The Changing Dynamics of Real Estate Sector in India

The real estate sector in India has weathered several bouts of pain in the past few years. It started with the demonetisation, then the advent of RERA, and finally the onset of COVID.

However, the uncertainty from Covid-19-induced lockdowns and the subdued market sentiment is now beginning to ease.

Let’s look at some of the trends that will transform the Indian real estate sector in 2022.

Distance won’t count

Remote working is here to stay. Even after COVID-19 loosens its grip, employers will still enforce some version of work from home for their employees. As a result, commuting convenience will take a back seat during homebuying decisions. Homebuyers would no longer feel the pressure to buy a house near their workplace, and therefore, can explore options at peripheral locations for better affordability.

All in all, the “walk to work” culture will surely lose its charm in the coming years, as prospective homebuyers will see sense in moving to affordable locations.

Preference for bigger, better homes

Having spent a reasonable amount of time living and working indoors, homebuyers have realised the importance of bigger homes. Consequently, the demand for slightly larger homes, with multifunctional places like reading nooks, workspace, and activity space, has increased dramatically.

With increased time spent at home, buyers will indeed look for well-designed apartments with more breathing room.

Additional Read: Importance of Digital Marketers in the Real Estate Sector of India

Lower interest rates will boost demands

The central bank has brought down home loan interest rates at historic lows, firm on reviving the residential demand. Moreover, RBI has assured the audience that the interest rates will remain low for the foreseeable future.

Besides, with the lockdown reinforcing the importance of homeownership, many people who were previously comfortable paying rent are now looking to buy homes.

The reduced interest rates on home loans, combined with changing buyer sentiment, have indeed achieved the desired effect – skyrocketing real estate demand.

The rising popularity of ready-to-move-in properties

Ready-to-move-in properties have gained much traction these past few years, as homebuyers have grown less fond of waiting endlessly for the possession date. Moreover, there are also instances where many projects have failed during the construction stage, leading to massive losses and fuelling buyer distrust.

To avoid this, many builders have adopted the business model of building first and selling later. This model equally suits homebuyers, as they now pay for buying, thereby avoiding any fraud in terms of quality, price escalation, or space. The best part? Consumers save around 12% GST when they buy a ready property with a completion certificate.

With such advantages, the real estate 2022 market is sure to witness a massive influx of ready-to-move-in homes.

Additional Read: Budget 2021: Some Hits and Misses on Real Estate Sector

Wrapping up

With low interest rates, changing buyer sentiments, and rising supply and demand, things look promising for the real estate sector moving into 2022.

This positive growth also makes it a great time to invest in a house. And Tata Capital is here by your side to make your homebuying dream a reality. Opt for our home loan today and enjoy attractive interest rates, a seamless application process, and easy eligibility.

Visit our website to know more!

Apply For Home Loan

Say Hello to Your New Home with Our Easy Home Loans!

Apply now
Popular Searches
anyror modt charges 712 utara online gujarat pre emi calculator earnest money deposit Goa Land Record earnest money khasra number meebhoomi Assam Land Record
More About Loans
home loan calculating home loan housing loan rate of interest calculate home loan eligibility documents needed for housing loan quick cash loan housing loan top up home loan transfer home loan with overdraft facility home loan balance transfer calculator home loan disbursement process loan for home extension rgrhcl
Disclaimer

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools