The Indian real estate market has seen significant rise in demand and prices in the past few years. The Indian real estate market is booming right now. It is a market that not only guarantees credible investment options but also good returns on those investments. 2024 has just started but experts can already foresee a significant rise in the real estate industry. The latest real estate market trends have already kicked in at the start of 2024 and will continue to shape the industry through the year. Knowing about these trends is a must for every real estate marketer.

Let us explore the trends that will be shaping the Indian real estate market this year. Let us explore the reasons why this is the best time to invest in real estate. When compared to other investment options such as gold, stocks, cryptocurrency and mutual funds, real estate investment is still considered as the safest form of long-term investment.

Real Estate Market Trends of 2024

Let us dive into the real estate market trends that are shaping the city right now.

Shifting Tastes & Preferences –

Work from home has become the new normal after COVID hit. Many organizations have chosen to stick to this trend even after the pandemic is over. People who have the privilege of working from home prefer to stay in the suburbs where they can live in bigger houses, with a better quality of life at lower prices. Apart from this there has also been a rise in people seeking a home within the city, preferably close to their place of employment. So, the world is seeing both types of preferences on the rise. In short, the real estate market right now is winning.

Ownership is Top Priority –

Home ownership is top priority for the new generation. Due to the uncertainty of stocks in 2024 as well as all other forms of investment. The new generation, very much like the previous generation, also considers real estate investment and home ownership as top priority.

Expected Cost Increase –

Rising construction costs means rise in prices of new houses. Houses of sale all over the country are seeing a significant rise in prices which is hugely benefitting real estate investors. On the other hand, home loans are being given on low or even 0% percent interest. This has also attracted a lot of new real estate investors. This rising cost of construction is resulting in the trend of rising home prices which in turn is leading towards rising home loans.

Luxurious Amenities –

Another new change in the real estate market trends in 2024 is the availability of world class amenities in residential complexes. This is one significant trend that is being followed by all major real estate developers in the country. This has also led a lot of people to shift from their independent homes to residential complexes.

Conclusion

These factors indicate towards the rapid growth of India’s property market in 2024. The real estate market has experienced its fair share of fluctuations, but experts foresee a consistent upswing in 2024. Therefore, the present moment presents an opportune time to invest in the Indian Real Estate Market. 2024 will be a year like never before for the residential real estate industry.