{"id":30450,"date":"2022-08-23T12:00:15","date_gmt":"2022-08-23T05:00:15","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=30450"},"modified":"2022-08-25T01:05:45","modified_gmt":"2022-08-24T18:05:45","slug":"indias-housing-market-thrives-in-q2","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/indias-housing-market-thrives-in-q2\/","title":{"rendered":"India\u2019s housing market thrives in Q2"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">India\u2019s housing market is currently one of the world\u2019s most resilient markets<\/span><\/p>\n<figure id=\"attachment_30451\" aria-describedby=\"caption-attachment-30451\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-30451\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/08\/shutterstock_1154915263.jpg\" alt=\"\" width=\"1000\" height=\"563\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/08\/shutterstock_1154915263.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/08\/shutterstock_1154915263-400x225.jpg 400w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/08\/shutterstock_1154915263-600x338.jpg 600w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2022\/08\/shutterstock_1154915263-768x432.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-30451\" class=\"wp-caption-text\">There was a three percent QoQ and 28.1 percent YoY growth in the cumulative supply across 13 Indian cities. Christian Ouellet\/Shutterstock<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">India\u2019s housing sector has been expanding continuously over Q1 and Q2 on the back of declining supply as hybrid and remote work become the new norm.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Rental housing demand went up by approximately seven percent in Q1 2022 due to higher demand in Ahmedabad, Bengaluru, Delhi, Gurugram, and Noida.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.deccanherald.com\/business\/business-news\/home-rental-market-on-the-recovery-path-1129738.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Deccan Herald<\/span><\/a><span style=\"font-weight: 400;\"> noted that the segment was driven by the working population and that the majority of tenants in Bengaluru, Hyderabad, and Mumbai were in the banking, insurance, and software industries.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The total rental housing demand in Q2 2022 went up 29.4 percent QoQ, up from 15.8 percent in Q1, and 84.4 percent YoY. Data revealed that search volumes in Bengaluru, Greater Noida, Hyderabad, and Pune witnessed the highest growth of 54.5 percent, 42.9 percent, 42.0 percent, and 39.6 percent QoQ, respectively.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">There was a three percent QoQ and 28.1 percent YoY growth in the cumulative supply across 13 Indian cities, according to the <\/span><a href=\"https:\/\/www.financialexpress.com\/money\/rental-housing-demand-grew-29-4-qoq-and-844-yoy-in-q2-2022\/2616132\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Financial Express<\/span><\/a><span style=\"font-weight: 400;\">. The highest growth rates were recorded in Chennai, Bengaluru, and Hyderabad, at 17.4 percent, 15.1 percent, and 9.4 percent, respectively.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">India\u2019s housing market is currently one of the world\u2019s most resilient markets. The market is now dominated by experienced players, who innovate on construction techniques and manage construction costs better, resulting in enhanced financial results for real estate developers.<\/span><\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/en\/indian-commercial-real-estate-flourishes-in-q2-2022-steady-growth-expected-throughout-the-year\/\" target=\"_blank\" rel=\"noopener\"><strong>More: Indian commercial real estate flourishes in Q2 2022, steady growth expected throughout the year<\/strong><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Ultimately, now is the perfect time to invest in India\u2019s world-class residential real estate market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Employees and students alike are looking for rental housing near offices and schools to reduce their commute time. In conjunction with an increase in office occupancy and operations, the rental housing market will also improve.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cWith schools and offices reopening, the workforce and students are moving back from their native cities to the metros, leading to an increase in demand for rental homes. The supply of rental homes is growing slowly compared to last quarter with available vacant homes decreasing and units not being replaced quickly by new supply as most of them are being bought by end-users and not investors. However, we expect the growth momentum to continue for the next few quarters,\u201d said Sudhir Pai, CEO of Magicbricks.<\/span><\/p>\n<p><i><span style=\"font-weight: 400;\">The Property Report editors wrote this article. For more information, email: <a href=\"mailto:propertyreport@propertyguru.com\" target=\"_blank\" rel=\"noopener\">propertyreport@propertyguru.com<\/a>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s housing market is currently one of the world\u2019s most resilient markets<\/p>\n","protected":false},"author":12,"featured_media":30451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1],"tags":[650,638],"class_list":["post-30450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-property-report","tag-housing-market","tag-real-estate","news_country-india","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India\u2019s housing market 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