The trials and tribulations of the pandemic are long gone with real estate emerging as the top investment class for investors. Going by CII-ANAROCK Consumer Sentiment Survey – H1 2022, investors buoyed by GDP gains and sustained job growth are embracing real estate as a top investment avenue for long-term gains.
Noida is all set to add another feather to its phenomenal growth story as work on the first phase of the Noida International Airport (NIA) begins in August this year. This phase shall witness the completion of the main terminal building and runway within the strict deadline of 25 months, beginning August 22’ till October 24’.
Realty prices in the Yamuna Expressway Industrial Development Authority (YEIDA) area near Noida are spiking up like never before. The driving force, the upcoming Noida International Airport, is a thrust so intense that the area is now the hottest piece of real estate in India with prices over the past three years surging 38 percent.
If we look at the journey of New Delhi, the city has grown enormously, keeping in pace with the changing times and the vibes. The capital city is known for its remarkable blend of heritage, culture, and multicultural lifestyle.
As per the recently shared reports, the residential and commercial real estate sector in India is projected to have a relatively stable year in 2022 compared to 2021. There is an increase of 5% in residential real estate rates while the recovery in the office sector is expected to keep rents stable in the coming year.
The future looks promising for real estate as the government’s Smart City 2.0 mission’ is set to be launched across the country. Many prominent cities are more likely to be the next mega-growth centers to attract buyers and investors. Other programs such as the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) has driven the overall growth of Tier-II cities.
Amid the travel ban, social distancing being the course of action and stay-at-home-order to take until told otherwise, people have adapted to the changes brought about by COVID-19. There has been a stop to the normal routines of our everyday life. However, moves aren’t always something that can wait for those who have already made plans to move — staying is sometimes simply not an option.
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