The strong momentum in the residential real estate markets is expected to last through the calendar year 2022. Covid waves were the only dampener in India’s residential real estate market in 2021. Real estate investing is back as a choice bringing in much-required diversification in investment portfolios of investors which were lacking in the previous decade.

Role of Technology in Residential Real Estate

The role of technology has never been as important in residential real estate as it is now. Digital launches, 3D property viewing, augmented and virtual reality-based design projects, and virtual property shows for domestic and NRI real estate investors and home buyers have all begun to defy the confines and limitations of the mandatory site visits and physical meetings. The increased use of cutting-edge technologies in the real estate industry has marked a watershed moment in the home buying and real estate investing process.

Because of COVID, the concept of property ownership has gained a lot of traction. The government and the RBI aided the recovery by introducing new homebuyer incentives, low home loan rates, and higher loan amounts for the end-users and real estate investors. Green spaces, common area workstations, child-care facilities, and concepts of integrated townships with a deep appreciation of the design element in the real estate sector have made it to the top list when buyers look for their dream home and analyze their choices.

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