The Future of Real Estate: Trends shaping the housing market

To gain insights into what lies ahead, we reached out to leading industry experts who shared their perspectives on key questions about the future of housing. Here’s what they had to say:

Top Trends Reshaping the Housing Market

Yash Paleja, a forward-thinking real estate strategist, emphasises the growing importance of technology adaptation. “Stakeholders, especially developers, must dispel the myth that technology is an expensive affair,” he says. Paleja also highlights the rise of sales through distribution channels, where nurturing relationships with brokers and agents is pivotal. Lastly, he predicts a surge in fractional ownership as a viable sales strategy for commercial inventory.

Miki Kedem, CEO of Huliot India Pipes, shares a complementary vision, pointing to the evolution of housing designs to support flexible living spaces and the necessity of well-planned communities with sustainable infrastructure and mass transportation systems. “Investing in infrastructure that ensures dependable water, efficient transit, and modern amenities is key,” Miki advises.

Sarat Sinha, marketing consultant, underscores the ongoing significance of sustainability and energy efficiency, coupled with the enduring focus on affordable housing driven by government initiatives. He also stresses the transformative role of AI in customer engagement, predicting its integration in everything from sales experiences to smart home technologies.

Urban, Suburban, and Rural Housing Demand

The shift in buyer priorities, accelerated by remote work, is reshaping housing demands across urban, suburban, and rural areas. “Migration and reverse migration are both on the rise,” Paleja notes. “Tier 2 and Tier 3 cities are seeing high absorption and rising prices, driven by hybrid work cultures.” Examples include markets like Hyderabad and Ayodhya, which are becoming increasingly attractive to buyers.

Miki predicts that urban centers will continue to draw young professionals due to job opportunities, while suburban and rural areas will gain traction. “Success in these regions depends heavily on creating efficient transport links to workplaces and reliable infrastructure that ensures affordability, safety, and comfort,” he states.

Sinha echoes these sentiments, pointing to the rise of co-working and flexible office spaces as a response to evolving work trends. “Remote and hybrid work arrangements are influencing both residential and commercial spaces,” he explains.

Technology Transforming Real Estate

Advancements in technology are revolutionizing real estate in profound ways. “AI, VR, AR, and drone shoots enable buyers to visualize developments in underdeveloped areas,” Paleja explains, citing examples like Boisar and Ulwe in the Mumbai Metropolitan Region (MMR).

Miki highlights the role of AI-powered platforms in streamlining transactions, managing essential services, and enhancing transparency. “These solutions lower costs, build trust, and ensure access to clean and stable resources,” he adds.

Sinha envisions a future where smart buildings equipped with sensors and automation will dominate. “Predictive analytics will enable property managers to forecast occupancy rates and maintenance needs, optimizing efficiency and reducing costs,” he says.

Sustainability and Green Housing Initiatives

As environmental awareness grows, sustainability is becoming a cornerstone of real estate development. “Green housing projects build trust and bolster a developer’s social responsibility quotient,” Paleja remarks. This sentiment is echoed by Miki, who advocates for eco-friendly materials and smarter water supply networks that encourage recycling and conservation.

Sinha sees a bright future for energy-efficient buildings that minimize carbon footprints and reduce energy consumption. “The demand for green projects will significantly increase, driving a positive environmental impact,” he predicts. Developers, he adds, will increasingly recognize the higher value of sustainable buildings over traditional ones.

Conclusion

The future of real estate is an exciting blend of innovation, adaptability, and responsibility. Whether it’s harnessing technology to redefine property management, catering to shifting buyer priorities or embracing sustainability as a core principle, the housing market is set to undergo a dynamic transformation. For developers, investors, and stakeholders, the challenge lies in not only keeping pace but also leading the charge in creating a resilient and forward-thinking real estate ecosystem.

(This article is part of IndiaDotCom Pvt Ltd’s consumer connect initiative, a paid publication programme. IDPL claims no editorial involvement and assumes no responsibility or liability for any errors or omissions in the content of the article.)