India's economy is showing signs of recovery after being hit by the COVID-19 pandemic for two years. As a result, most economic indicators have exceeded or reached pre-pandemic levels. Therefore, the following are the top trends in these key markets to watch for in 2022.

As numerous cities have seen considerable gains in sales, people have realised the significance of owning real estate assets, particularly residential real estate. Low home loan interest rates fostered affordable and mid-segment housing, while stamp duty reductions were a much-needed demand trigger. The positive news from 2021 will be carried through this year, with some trends of 2021 to gain traction in 2022.

Amid the pandemic, people have understood the need of having a distinct place inside the house for specific duties. Since the pandemic reached India, demand for larger homes has increased. Markets began to open up in the first quarter of 2021, and the trend is projected to continue in 2022. High-end home sales increased as well, as one might expect. Furthermore, when they evaluate their current demands and those that will arise in the coming years, nuclear families are opting for larger and more spacious homes. Even the fence-sitters are looking for larger homes than they had anticipated.

Demand in Delhi NCR is more than 20 percent for properties priced from Rs 75 lakh and over Rs 1 crore. However, the trend is not limited to this region and can be seen across India. And due to the ongoing infrastructure developments, NCR has turned out to be the favoured destination, enticing buyers to consider the region an ideal place to live. A new element of the corporate elite, including high net-worth individuals (HNIs) and Ultra-high-net-worth individuals (UHNIs), will be evaluating the region for long-term revenue potential due to seamless connectivity and high-end infrastructural investments. Business people and senior executives will continue to be in great demand for real estate.

Additionally, property with varied amenities is in high demand, particularly those related to health and wellbeing. People are becoming more receptive to the idea of driving for an hour or more to assure a pleasant existence. People in India could experience the best of both rural and urban life in places adjacent to large cities because of the growth of the real estate sector.

Non-Resident Indians (NRIs) are paying attention to the COVID-19 pandemic, which is seeing low pricing and a sinking currency. Despite a dip in general market confidence in 2021 due to the pandemic, investment volume increased by 6.4 percent over the previous fiscal year. The most favoured budget range for NRIs is Rs 90 lakh to Rs 2.5 crore, with a preference for 3 BHK and 4 BHK. The opulent homes now under construction in NCR will appeal to NRIs. Following the outbreak, NRIs are concerned about their health, and projects that address this issue will be quite beneficial. NRI investment in Indian real estate will continue to grow because there are developments targeted explicitly at NRIs. NRIs are opting for larger, more wealthy residences due to their lifestyle in the country they are staying in.

All in all, the post-pandemic confidence and continued favourable rates for homebuyers should strengthen home sales in 2022 and beyond.