With an indomitable spirit and tenacity, this sector has proven to be a favorite among investors. Despite continuing to grow rapidly this year, the 'work from home' model is increasingly becoming a crucial component of the long-term strategy. This model is also being used by businesses all over the country to run operations during the pandemic. The market will continue to be dominated by working areas, functional areas, study spaces, gymnasiums, and entertainment zones. There will continue to be a preference for ultra-modern high-rise apartments, gated estates and luxury towers with well-managed infrastructure in the ultra-luxe segment, which is mainly driven by NRIs, UHNIs, expats, and business leaders.

Demand in the market has risen due to historically low interest rates and the RBI's assurances that things will stay the same. Investments have been pushed forward as a result of this. Government policies, promotional offers with assured higher and secure returns, as well as a welcoming climate in the market will facilitate investor recruitment throughout 2021 to keep market sentiment buoyant. As a result, more players are expected to consider the trend of consolidation in real estate in the days ahead.

A ready-to-move-in space will remain a top consideration for today's discerning customers, who do not want to wait for their properties for an indefinite amount of time. They have become a safer investment option, as they don't involve such risks in our increasingly globalized world. In the future, real estate will be dominated by tech-enabled solutions as they are paramount to its growth. Builders with proven track records and strong financial support will gain a higher share of the market. Customer-centricity will define the Indian real estate market, as buyers seek properties that fit their preferences and current trends. Changing consumer demands in Indian housing may enable the sector to become the industry benchmark for customer satisfaction around the world.

There has been an increase in demand organically as buyers have realized the value of owning a home during this trying time. Coronavirus has resulted in a temporary drop in demand, but the industry is confident that demand will rebound quickly as vaccines have been rolled out and infections have been lowered. Despite the market's decline late last year, massive stimulus in fiscal policy, accommodative monetary policy, and better-than-expected economic progress spurred a pullback. Several factors have led to a fair increase in property prices, including the lowering of Covid cases and the recovery of the economy. In the wake of the government's goal of vaccinating the entire population by 2021, sentiments are high. Indian real estate has undergone a major transformation since the pandemic began, and 2021 will be a year of transition. In comparison to last year, this segment understands the new norm and is better prepared. New trends are shaping up that will lead the sector into a new growth phase of imagination, innovation, and digital transformation.