4 Housing Market Trends to Watch in 2022

For homebuyers, the real estate market in 2021 was like a rollercoaster ride with unforeseen twists & turns. While the bumpy ride isn't over yet, real estate analysts believe the market will ease up on first-time buyers. The post mentions real estate trends that experts think will affect the real estate market in 2022. Let's take a glance at them:

1.   More Stress on Mental Health Spaces and Features

To put it mildly, the previous two years have been challenging. As per the experts, creative health designs will be popular in homes in 2022. Premium properties will have features such as spa-inspired restrooms and meditation rooms. Besides, natural light will be prioritised, particularly in home offices and shared spaces. Indoor plants will also be used to design homes.

2.   More Buyers Will Buy Home but It Will be a Seller’s Market

The reason for this trend is pretty simple – limited inventory. According to experts, inventory will remain tight, and 2022 will remain a seller's market. So, the scope of negotiation for real estate prices tends to be very less. However, according to some leading real estate websites, the market will recover from its 2021 lows in 2022, with inventory increasing by 0.3 per cent on average.

3.   There Will be a Surge in the Demand for More Space

The pandemic has changed the perspective of ‘living as per the income.’ New homebuyers are now looking for real estate properties that offer more space. For the same, they are not hesitant to explore options in suburbs. As a result, properties in suburbs are in high demand, and new construction is growing in size.

4.   Buyers Will Make Compromises

The pandemic shattered the world economy and affected every sector and the case of real estate is no different. Because inventory is still scarce in this hyper-competitive housing market, finding "dream homes" that meet all of your needs (and wishes) is difficult. As a result, buyers are likely to make a compromise with the available options.

So, these are the 4 main trends to watch in 2022. 

Top 3 Reasons to Invest in Whitefield Bangalore

When you hear the word "Whitefield," what image comes to mind? Isn't it the glass-encased towers and immaculate neighborhood with the cross-country cultures?

This blog post discusses the top 3 reasons to invest in flats in Whitefield Bangalore.

The Heart of the IT Hub of India

Many multinational corporations and information technology firms have their headquarters in Whitefield. In reality, we can claim that the area is inundated with IT firms and start-ups that provide employment to a huge number of individuals. It has also become a tech hub, with International Tech Park, ITPL, and other companies based there. Many well-known firms, such as Oracle, IBM, and IGATE, have grown their network in Whitefield. Purchasing apartments or villas in Whitefield, Bangalore is thus a wise investment.

Exceptional Connectivity

Another aspect that encourages homeowners to purchase property in Whitefield, Bangalore is its accessibility. The location offers easy access to practically every section of the city. The Whitefield Road and the Varthur Road are the two primary routes that connect Whitefield and Bangalore. Aside from that, the area is well-connected with HAL old airport road, NICE ORR, and other routes. There's more to it because it's close to all kinds of transportation. All of the city's major attractions are accessible through bus routes and even metro rail. This seamless connection makes property buyers search for and invest in affordable/luxury apartments in Whitefield, Bangalore.

Great Socioeconomic Infrastructure

A residential neighbourhood requires good infrastructure services. Whitefield wins in every aspect. Whitefield has it all, from fantastic educational institutions to commercial malls. Furthermore, it focuses on bringing all of the conveniences to the living area. This includes medical services, hospitals, and even eateries. In reality, we can remark that this location has some fantastic dining options serving many delectable national and international cuisines. When buying a property, many people prioritise social-infrastructural services over everything else. And owning Whitefield homes would take care of these issues while you're in Bangalore.

So, these are the reasons why apartments in Whitefield, Bangalore are in great demand and why it would be wise to invest in one.

3 Noteworthy Reasons to Invest in Flats in Wadala

 Located between South Mumbai and the suburbs, the neighborhood of Wadala has undergone tremendous development over the years. The location that once used to be an industrial hub has now emerged as a preferred residential destination for homebuyers.

In addition to the strategic location, Wadala not only attract potential homebuyers but also the tenant community as well. So, even if you don’t want to settle down there immediately, you can still earn a decent rental income from the property.

The post mentions three noteworthy reasons that make flats in Wadala a smart investment decision.

1.   Great Connectivity

Being an important station on the Harbour Linea, the locality of Wadala enjoys superb connectivity to several residential neighborhoods such as Goregaon, Andheri, and so on. Besides, the place is home to Mumbai’s largest bus depot along with a high frequency of buses. The upcoming metro line will further boost the connectivity of the place. So, with great connectivity, reaching out to different important locations from Wadala is extremely easy.

2.   Excellent Social Amenities

It is not just the locational advantage that Wadala enjoys, another thing that makes this neighbourhood highly popular and demanding among homebuyers is its excellent social amenities. The area is populated with several reputed educational institutes, healthcare centres, religious places, markets, entertainment & recreational facilities, and all the things required to live a comfortable life. Moreover, the introduction of new projects in Wadala west will further boost the socioeconomic infrastructure of the place. So, Wadala has no dearth of social amenities which makes it quite desirable as a residential hub.

3.   Future Developments

With many development projects in the pipeline, the place is expected to see a boost in terms of development. After Bandra-Kurla Complex and Nariman Point, Wadala is on its way to becoming the third Central Business District in Mumbai. Consequently, it is speculated that it will generate great employment opportunities for the masses. These growth prospects have attracted the attention of several real estate developers to introduce new projects.

So, these are 3 main reasons to check out flats in Wadala for sale as the prices are likely to increase soon.

5 Notable Reasons to Invest in Real Estate

 As compared to other asset classes, investing in real estate has several benefits. It is a safe haven for investors who are not willing to take high risks but wish to generate a decent return on investment in the long term.

If you are someone who wants to invest in real estate, you need to understand why you should go ahead with this decision of yours. The post mentions some notable reasons to put your money in real estate. Let’s take a glance at them:

1.   Cash Flow

In the simplest terms, it is the net income generated from a real estate investment which excludes mortgage payments and operating expenses. One of the most convincing reasons for investing in real estate is its ability to generate cash flow. In most scenarios, this cash flow only strengthens over time as you repay your mortgage and build up your equity.

2.   Tax Benefits

Another solid reason that encourages people to make a real estate investment is, the tax benefits it offers. You can claim deductions at the time of filing tax. You can deduct reasonable expenses pertaining to owning a property which includes mortgage interest, property insurance, maintenance costs, and so on.

3.   Appreciation

Investors in real estate make money through rental income, profits from any business activity using the property, and appreciation. In general, housing prices tend to increase over time and with a wise investment decision, you can book a great profit when you decide to sell it in future. Besides, the rent also increases with time, resulting in higher cash flow and more income.

4.   Portfolio Diversification

Many people put their hard-earned money into real estate for their portfolio diversification. It mitigates their risk and helps them earn decent profits as compared to other high-risk asset classes. The addition of real estate to your portfolio will decrease the volatility and increase the chances of earning more consistent and higher returns.

5.   Hedge Against Inflation

The ability of real estate for providing a hedge against inflation roots in the relationship between the demand for housing inventory and GDP growth. As the economy expands, the surge in the demand for real estate drives rents higher which translate into higher capital values.

So, these are some of the compelling reasons to invest in real estate.

3 Simple Rules for Finding the Best Budget Property in Delhi NCR?

 Finding a property in Delhi NCR, that too within the budget is an uphill task. Delhi NCR has always been a preferred choice among investors and homebuyers from across the nation. This is because the region is the heart of the country that has everything, right from the head offices of the MNCs to the world’s best socio-economic infrastructure including renowned educational institutions, healthcare facilities, and whatnot.

However, if careful measures are taken, right from the start, you can even find flats in South Delhi and other posh localities of the NCR, that are well within your budget.

The post mentions 3 simple yet effective rules to find property in Delhi NCR.

1.   Identify the Location

Delhi NCR comprises areas like Gurugram, Faridabad, Noida, Delhi, Ghaziabad, and so on. Considering its vast size, it is extremely difficult for you to drive around the miles and check out different properties. Therefore, it is wise to identify the area where you want to invest. For instance, if have a stable job in Noida which enjoys excellent connectivity to Delhi, Gurgaon, and Ghaziabad, you can limit your search to this city only.

2.   Set a Budget

Buying a property is one of the biggest investments you can ever make in your life and budget is any day a crucial deciding factor. Therefore, it is important to set a budget and stick to it. Shortlist the best possible residential projects in the decided budget to find the one that ticks the maximum boxes for you.  

3.   Check Out the Amenities Offered

Whether it is budget flats in South Delhi or Gurgaon, do check out the amenities offered. If you are living in a rented apartment, you must have an idea of the basic amenities that you require for living comfortably. Take that as a benchmark and find out properties that offer at least the same or more amenities.

So, these are the things that you need to keep in mind while finding a property in Delhi NCR.