The real estate market in India has been tried and tested over time, but still, it continues to flourish. With the changing scenarios, even the real estate market trends keep on evolving— however, the motives for purchasing real estate hardly ever change. Be it residential or commercial, people often purchase property as an investment. But what kind of properties have people been purchasing? Let’s delve deep into the latest real estate market trends!
One of the most prominent things to have happened lately is that property prices and home loan interest rates are on an all-time rise. Today, despite knowing that property prices are on a rise, home buyers are ready to get a loan, often with a high tax bracket to invest in a property. This trend has become noticeable in the past few years as it is obvious that property prices are bound to increase year after year.
While people have been investing in property of their own, one such related sector has seen a decline. In the post-pandemic years, the desire to purchase a property is rising, and people are working towards becoming homeowners rather than tenants. This has led to a slowdown in the rental market in metropolitan areas.
Inversely, tier II cities are booming as residential markets instead of metropolitan cities. Since the onset of the pandemic and the lockdown, many tenants moved back to their homes in tier ii and tier iii cities. Owing to this change and the wish to stay near loved ones, these small cities and towns are becoming hubs for new jobs and opportunities. However, if that is not an option, people are now preferring to live on the outskirts of the cities so that they can be well-connected while also having a choice of retreating into solitude.
However, other trends that are dominating the real estate market in India are as follows-
- Leasing commercial spaces
Since businesses are booming, the demand for office spaces has also increased. Now that the work-from-home model is seeing a decline, many companies and organizations are now operating from rented spaces. If one is looking to purchase a commercial property, then it’s a good option for an investment.
- Purchasing commercial property
Again, highlighting the above point— the recent boom in several industries is leading to the growth of commercial real estate. Over the years, many areas, towns and cities have been dubbed as commercial areas, which has led to it becoming a profit-generating investment.
- Digital house hunting
While social media platforms have been dominating the digital space, even the real estate platform has not been left untouched. Nowadays, many real estate companies and agents conduct tours of sample apartments, villas, and commercial properties through digital platforms like either websites or even dedicated social media pages. Apart from that, even the process of booking a home, going through the lease agreement, payment of the initial amount and even the payment of downpayment are done via online platforms!
Now that you are at par with the latest real estate trends and if you are looking forward to investing in real estate in Bangalore, then look no further than Valmark! At Valmark, you can invest in luxury projects Valmark Apas, Valmark Cityville and Valmark Orchards. These distinguished projects not only give you a slice of luxury in one of the prime locations of Bangalore but also understand your taste for finer things in life!
