So what is a sellers’ market? In the simplest of terms, a sellers’ market is one where the demand is higher than the supply, and this is another projected trend in the Indian real estate industry, that is set to boom in 2023. The India Real Estate Market is all set to see a fresh new generation buy properties for the very first time, which is most likely to make the demand go skyrocketing in 2023.

With the Sellers’ market equation factored in, property rates and trends in India will see spiked-up prices for some time, since the demand for residential and commercial constructions will be on the rise daily. This being said, we, at Raichandani developers have always maintained prices that fit your budget, whatever your residential or commercial need. This being said, rising home prices will also enhance the equity of current homeowners.

Not having to make the daily commute due to a work-from-home setting has resulted in a higher demand for townships and gated communities. In the coming year, it is projected that more Indian homeowners will seek out the comfort, security, and health-improving features that these projects offer, driving up demand for the townships and gated communities that became the most sought-after property types during and after the pandemic. Another reason why home buyers are preferring gated communities and townships is the need for security. The availability of multi-level security elements in large township projects has grown to be a crucial factor in deciding what kind of properties to buy.

Emerging trends in real estate in 2023 also include the end of low-interest rates. Lending rates are expected to climb substantially in 2023. The reason being the current, surmounting inflation and geo-political scenario, which is most likely to send interest rates soaring.

Similar to 2022, the luxury Indian real estate market is set to see a continuity in its popularity, with an increased demand for bigger, high-end properties priced at Rs 2.5 crore and above. With most of the current working population, in Hybrid Working Models and WFH models, there is a higher want for luxe properties in the Indian real estate market. As a result, we at Raichandani Group have developed a one-of-its-kind luxury real estate project in Hyderabad named ‘Eka One, which features super luxurious apartments in Kokapet varying from (6779- 15825 sq.ft.) in area; complete with grand architecture, 45-storeyed majestic elevation, and multi-level amenities.

The public psyche of owning a home continues to be at an all-time high, despite higher interest rates and rising property prices. Emerging trends in real estate in 2023 will involve younger and first-time buyers of homes dominating the Indian Real Estate Market by and large. This is partly because property rental rates have reached an all-time high, and the increasing appreciation of the US dollar against the Indian rupee is also a contributor.

Another interesting factor is that more Indian residents are in the midst of seeking a better lifestyle, with a higher demand for larger, high-quality residences that has surged by almost 20%. In 2023, this trend is most likely to continue, as homebuyers are now factoring in the elements of convenience, water, and electricity availability, better recreational amenities, and more! With a slew of best-in-class residential highlights that include enhanced security systems and the best specifications for your comfort in this tech age, we have launched some of the best residential projects across Pune, Hyderabad, Goa, Bhopal, and Karimnagar, that are designed to elevate your lifestyle.

With high rental rates, especially in metro cities, more Indians now prefer buying their own spaces since rental values have risen to parity with EMI values. Post-COVID, the desire to own a property has risen substantially, thus leading to higher demand in the Indian real estate market.

The need for commercial leasing spaces is on a continuous rise and is expected to boom in 2023. According to projections, most of these demands will arise from the IT, and retail businesses avenues, along with large tech businesses needing large, high-tech spaces with hefty prices. Meanwhile, as E-commerce and third-party logistic companies continue to expand, they will require increased warehousing, making it one of the fastest-growing commercial real estate segments in the Indian Real Estate Industry. At Raichandani Group, our impressive portfolio of commercial projects spans Pune, Hyderabad, and Bhopal, across some of the most impressive business avenues in these buzzing cities. With the stellar experience of developing Commercial spaces for 20 years, we ensure the best of facilities, designs, and locations for your business to flourish.