HOUSING & INFRASTRUCTURE - Faster, Efficient, Construction All Around
Businessworld|January 12, 2022
Despite the second wave of corona virus severely denting the economy, construction activities picked up across housing, commercial and mega infrastructure projects. This trend is expected to dominate 2022 as well.
ASHISH SINHA

HOPE OF A BETTER TOMORROW never seems to leave those involved in the construction and real estate sector. That may perhaps explain why the industry thinks that 2021 was not “that bad” a year, be it housing, commercial real estate or mega infrastructure projects.

Data would suggest that the residential housing category indeed bounced back in 2021 with sales of 2.37 lakh units -- 65 per cent of this was in the affordable and mid-segment category. This amounted to almost 90 per cent of pre-Covid sales in a calendar year. Mumbai and Delhi regions accounted for nearly half the sales or 1.16 lakh units begging the question: what about sales in other metros, towns, statecapitals?

According to Anuj Puri, Chairman, ANAROCK Group, a leading property consultancy firm, Q4 2021 was by far the best quarter, with housing sales in the top seven cities attaining a new high of around 90,860 units. This was the highest quarterly sales performance since 2015, Puri said.

After more than 20-months of living and coping with the coronavirus, experts predict certain distinct changes in consumer behaviour with regard to housing, work and community. The “new normal” is expected to evolve with a ‘bigger the better’ mindset. Experts say that working near home may become the new fulcrum for home-buying decisions going forward. In 2022 and beyond, new innovations in design, planning and amenities deliverables would become a norm and a mandatory requirement rather than luxury because of the demanding modern homebuyers.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM BUSINESSWORLDView All

The Gains Of War

Kiran's Kontrarian Korner

4 mins read
Businessworld
May 21, 2022

India's EV Future At The Yellow Signal?

As India gears up for a green future, one of the legacy sectors that transformed the fastest is automotive but the journey of the future is punctuated with challenges. Industry captains discuss how new players change the game at the BW Auto World Trailblazers Summit 2022

6 mins read
Businessworld
May 21, 2022

India's Most Sustainable Companies

Corporate India’s behemoths who have made ESG, sustainability and sustainable development core to their operations

10+ mins read
Businessworld
May 07, 2022

"WE NEED TO ATTAIN HOLISTIC HAPPINESS"

In an interaction with BW Businessworld, Deepak Mittal, Founder, Divine Soul Yoga, speaks about his organisation, the therapies and services it provides, life-altering wellness solutions, and much more

4 mins read
Businessworld
May 21, 2022

A NEW GEN OF TRAILBLAZERS

Nearly 23 winners in the BW Auto World 40 under 40 power list represent the Indian startups and disruptors. Automobile aggregators, self-drive and rentals, pre-owned and communications category make up the rest of the winners

10+ mins read
Businessworld
May 21, 2022

A Reality Check in a Changing World

THE NETFLIX MELTDOWN

5 mins read
Businessworld
May 21, 2022

Employee Mental Health

Nearly 156 million Indians need mental health interventions. Here is how you can bring some sunshine into your work culture

2 mins read
Businessworld
May 21, 2022

Information is Both a Right and a Responsibility

Anurag Singh Thakur, Union Minister for Information & Broadcasting and Youth Affairs & Sports reiterates that the responsibility on media is far greater today than ever before

2 mins read
Businessworld
May 21, 2022

Integrating NPOS in Marketing Plans

How a well-marketed CSR campaign can go a long way in helping improve image, brand and build long-term customer loyalty

2 mins read
Businessworld
May 21, 2022

Market Maker Begins Innings as a Participant

The real test for the listing is how the markets perceive LIC

6 mins read
Businessworld
May 21, 2022