Key trends that are shaping the real estate market in India

financialexpress.com:

Real estate investment in India is undergoing a revolutionary transformation with more and more Indians choosing serenity, top-of-the-line technology, and sustainability as their primary criteria. These trends are not restricted to residential real estate, but even commercial spaces are reflecting these choices wherein smart technologies and ‘human’ elements are far outweighing traditional choices.

According to the IMARC Group, the Indian real estate market size reached US$ 256.8 billion in 2022 and the further reports suggest that the market is expected to reach US$ 780.6 billion by 2028, exhibiting a growth rate (CAGR) of 9.2 percent during 2023-2028.
More than the statistics themselves, what is ruling the real estate in India? It’s a shift of perspective and the fact that post pandemic, many traditional factors have given way to an aspirational quality of life where safety, security, health and well-being are the primary criterion when it comes to choosing real estate.

Here are some of the trends that are expected to shape the Indian real estate scenario:

AI explosion: Biometric security is passe. India’s real estate is set for a makeover with the ingress of AI to ensure a better quality of life. This includes installation of decibel sensors, tracking of lone female residents on the road at night, intruder detection, vandalism and face recognition. These and a host of other features are redefining the real estate landscape of India.

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Co-Working Spaces: Post pandemic, commercial office spaces have undergone a change. With flexible working and work from home scenarios becoming the next normal, co-working spaces are the next big thing as they