Future outlook of residential real estate in Delhi NCR

Posted by Surakhsha Shah on June 28th, 2022

The real estate sector is one of the main contributors to the country's GDP, but in recent years it has been hit by stormy seas. However, since June 2021, the sector has been experiencing a boom and all aspects are better off. Demand for housing has seen a big shift, as demand for larger spaces seems too late. The state of COVID is changing the real estate sector.
Several reports suggest that demand for luxury continues to grow, although cheap and half hold the wall with more than 70% of total sales.

The traditional investor-driven real estate market has also become a market for end users. The transition from investor to end user began several years ago in the residential segment, and with COVID, the scope has been further reduced to end users. Since COVID, end-user interest has increased mainly due to the low interest rate regime for housing loans, which was initiated by measures taken by the government and the RBI. Today, projects are designed to remember the feelings of end users and signal healthy growth in the future. If you look at the gap in supply and demand, it is clear that it will take many years to fill and open many paths for real estate growth.

Speaking of Delhi NCR, we can say that best real estate developers in Delhi NCR market has seen a positive move towards healthy growth in the future. The fact that the percentage of luxury in total sales is increasing and other industries are getting the attention they want proves that the market here works according to demand. Demand has increased supply in the Delhi NCR market, suggesting that the chances of buyers taking a good project are high. After accessing the scenario, the developers also increased the number of new launches to gain market momentum. We expect sales to approach pre-COVID levels in the coming months.