The pandemic has hit highs and lows. We have witnessed a pattern that rises to its peaks and then subsides in the past. Throughout these turbulent times, the world has learned a lot about coping, mitigating, and quickly recovering from an impending crisis. And the market has resonated the same sentiments. Consequently, buoyancy in the market backed by a surge in demand is inevitable in the real estate industry.

The real estate industry in India is slated to grow in the range of 8-9%. These figures might feel a bit dwindling compared to what we have seen in the last decade, yet the demand for more extensive and bigger homes in the primary Indian markets is poised to happen.

Many supply and demand-side factors have gradually started putting upward pressure on house prices. As prospective homebuyers look for bigger homes, better amenities and competitive pricing, sales in residential properties will gain further momentum this year. Buyers will be definitely interested in sealing the deals.

The positive push for growth is also rooted in the surge in raw materials prices such as cement, steel, bricks, energy, etc. With an incremental increase in the prices of such raw materials, the output is all set to witness a monumental shift in terms of costs.