Housing prices may expand 5 percent by next year, according to Knight Frank India. In its ‘2022 Outlook Report’ one of the property consultants stated, “While 2021 was mostly impacted by the volatility due to the pandemic, 2022 may prove to be a more stable year for the sector both for commercial as well as the residential sector.”
Looking at the housing sector, the report suggests that the sales will grow exponentially in 2022, as buyers expect and prefer bigger homes, better facilities and amenities, and pricing will attract potential buyers.
“After facing a series of structural reforms like demonetization, GST, and RERA during the last decade, the pandemic arrived as another blow for the real estate sector. Our decadal analysis of the 2011 to 2021 period indicates many of the supply and demand-side factors have started putting upward pressure on house prices and as a result, we project around 5 percent price increase in 2022,” the report added. Also read – Importance of RERA in Real Estate Industry: 2022
“The disruption caused by the pandemic is slowing settling and the real estate market is expected to gain back its rhythm in the next two to three quarters, albeit, the threats of the new variant is adequately contained with minimum disruption in the early part of the new year. Should we be able to continue at this pace, the real estate sector will see an adequate recovery to match or indeed cross the pre-pandemic levels,” said Shishir Baijal, Chairman and Managing Director at Knight Frank India.
“Co-working sector will benefit as pandemic reinforces the need for agility like never before. Agility, a keyword associated with the co-working sector, will drive the demand rebound for flexible office spaces despite the return of normalcy. The recovery in the office sector and flight-to-quality trend is expected to keep rents stable to increasing in 2022,” the report added further. Also read – Budget 2022: More Tax Benefits on Housing, Home Loans, and Real Estate Sector
Even before the budget and RBI Monetary policy, developers were hopeful about the pricing of the residential projects like Suncity Royal Castle – a premium housing project in Dasna, Ghaziabad. The real estate sector was already suffering from the aftereffects of the pandemic, but somehow, it held itself together, which is now visible from the demands we are seeing in the housing sectors. The prices are expected to rise from this year to the next until the market sees some unwanted catastrophes which it saw back in 2020. Also read – Real Estate Sector is Hopeful for Budget 2022
So, if you are looking for the best and premium 2BHK and 3BHK flats in Dasna, Ghaziabad, Suncity Royal Castle would be a perfect choice for you to invest this year. You can either visit the site which is connected with NH24 or you can check out their official website. The highway connectivity makes it accessible from neighboring cities like Noida and Delhi. Also read – Nice Tips to Fulfil Your Dream of Buying a Property in Ghaziabad