Introduction
Real Estate: Discover a world of possibilities as we invite you to explore the best in real estate. Housing demand in India is expected to reach 93 million houses by 2036 due to an increase. While the national average annual price shows a growth of six percent, smaller cities like Bhopal, Lucknow and Coimbatore have seen increases of more than 20 percent. Our platform is your gateway to an exceptional real estate experience. At [Your Real Estate Website], we understand that every home has a unique story.
Real Estate: Housing demand in India is expected to reach 93 million houses by 2036. Due to an increase in key parameters including population in urban and rural areas, healthy macro-economic indicators, and favorable demographics. These three cities are expected to lead both demand and supply.
While the national average annual price shows a growth of six percent. smaller cities like Bhopal, Lucknow and Coimbatore have seen increases of more than 20 percent.
Real Estate Growth
The next wave of real estate growth will come from tier two and three cities, says a report by CREDAI in collaboration with Liases Forum. Credai President Boman Irani said that 44 percent of the 3,294 acres of land acquired by real estate developers are in these areas and the real estate sector in these cities is growing faster than expected.
unsold inventory in India stands at 10.4 lakh units. down three percent sequentially but up two percent year-on-year. Of the total unsold list, more than a quarter are projects launched before 2016. The Mumbai metropolitan area, the country’s largest residential market, has more than a fifth of the unsold stock.
By the end of September, Tier Two cities had experienced significant inventory declines, standing at 20 months compared to the national average of 26 months.
The government’s focus on “housing for all” is influencing developers to prioritize affordable and low-income segments. “Key government initiatives will be implemented to create a strong pipeline of projects across all sectors. Housing in such cities will see a sharp trajectory as growing commercial activity is at the fore,” said Irani.
Conclusion
This increase in housing demand. Due to an increase in key parameters such as population, macroeconomic indicators, and favorable demographics. That is why it is better to buy land, villas, or apartments as soon as possible and for that, our Openplot will help you. Welcome to the world where your ideal home is just a click away!