5 Housing Trends Shaping India's Real Estate Market

India's real estate industry is evolving robustly. Housing trends in India now encompass smart technology and sustainability combined with a lifestyle model. Housing is no longer merely a commodity to buy or invest in, but now includes experiences, innovation, and future-ready investment value. The rise of green homes in India and expanding suburban housing growth in India signify the shift. Housing market trends in India are becoming increasingly dynamic and going beyond the conventional limits of four walls.

So let’s explore the home-buying trends in India that are changing and redefining urban and suburban living.

Growth of Affordable Housing Demand

As property prices continue to rise across metro territories, the demand for affordable housing is also growing for Tier 2 and Tier 3 cities in India. There are more and more developers designing and launching 2 and 3-BHK apartments aimed at the middle-income buyer or marketplace, utilizing functional layouts and modest amenities.

The rise in affordable homes is indicative of growth fuelled by improved connectivity of those cities, and/or government subsidies within those urban localities. It shows a shift in the Indian property market where buyers are prepared to trade luxury for value.

According to consultancy firm Knight Frank India, “The cost of land was quite high in the urban areas. So, for affordable housing to be viable, the location must be cost-effective”.