The year 2025 will be the most eventful year for the real estate sector. The demonetisation drive launched in November 2016 had a cascading impact on the following months, while the enactment of the Real Estate Act and the implementation of Goods & Services Tax (GST) has created a wave of change for the sector.
Amid this scenario, there are a few striking trends that indicate towards the direction the Reality Sector as India is moving forward.
Here are some of the major trends that are likely to sustain in 2025 –
Affordable housing in the centre stage
Home sales across major cities of India witnessed a decline of 18 per cent during the second quarter of the current financial year as compared to the same quarter. At the same time, several cities witnessed a decisive change in the demand completely skewed towards affordable housing units priced in the range below Rs 25 lakh. Therefore, it is believed that demand for the affordable housing segment would remain high in 2025.
Configuration Rejig
Developers are adjusting apartment sizes while maintaining popular configurations:
- 2BHKs remain 2BHKs, but their carpet area is slightly reduced.
- Smaller yet functional layouts allow buyers to afford homes without compromising on necessities.
- This trend helps stabilize property prices while keeping homes accessible to a larger audience.
Livability and quality of life are the deciding factors
Irrespective of the price range a project offers, homebuyers do not want to compromise on the factors affecting the livability and quality of life. Gone are the days when there were projects that did not even provide sufficient parking for cars, forget about the other facilities.
Today, homebuyers look for sufficient car parking slots, well-lit campus, and parks as a basic necessity. These factors need to be there in projects having units priced below Rs 25 lakh. When the price range goes above this mark, projects that offer the aforementioned facilities plus club house with gym, swimming pool and other facilities definitely get an edge and stand a better chance among buyers.
Although these trends have evolved during the recent years, it is expected that the same would continue further in 2025 with more force.
Conclusion
The real estate trends emerging in recent years will continue to drive the market in 2025. Affordable housing, strategic configuration changes, and a focus on quality living will shape buyer preferences. As the sector evolves, developers must adapt to these shifts to meet the growing expectations of homebuyers.
Frequently Asked Questions
- Why is affordable housing a key trend in real estate for 2025?
Government incentives, rising demand, and urban expansion have made affordable housing a top priority for developers and buyers alike. - How are developers adjusting to changing buyer needs?
Developers are reducing apartment sizes while maintaining popular 2BHK and 3BHK configurations, making homes more affordable. - What amenities do homebuyers prioritize in 2025?
Buyers look for parking, security, green spaces, and in premium projects, clubhouses, gyms, and swimming pools.