India's Real Estate Sector Showing Positive Signs Of Growth In 2022
During the past few years, the Indian housing sector has embraced digitalization and innovation. Buyers are seeking out the best-in-class amenities. The real estate sector gained the confidence of buyers and investors and accelerated the growth process. A healthy rebound was recorded in the real estate sector in 2021. Real estate recovered the trust of buyers and investors with the steady performance quick recovery and further accelerated growth. India's real estate sector is expected to show healthy growth in 2022, according to Knight Frank's 'Real Estate Outlook 2022'. Residential sector - According to the Anarock report, the residential sector has seen a hike in a new supply of 27% over the full-year supply in 2020, while the sales have also increased by 5%. Mohit Goel, MD, Omaxe Ltd. commented on the sector's performance, "2021 has been an eventful and challenging year for the real estate sector. In the wake of the pandemic, the real estate sector has seen ...