{"id":6343,"date":"2021-07-11T07:38:12","date_gmt":"2021-07-11T07:38:12","guid":{"rendered":"https:\/\/www.lifestylehousing.in\/blogs\/?p=6343"},"modified":"2021-07-16T07:43:54","modified_gmt":"2021-07-16T07:43:54","slug":"how-population-affects-the-real-estate-market","status":"publish","type":"post","link":"https:\/\/www.lifestylehousing.in\/blogs\/how-population-affects-the-real-estate-market\/","title":{"rendered":"How Population affects the Real Estate Market?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">India ranks as the Second Highest populous country in the world, contributing to an astounding 17.7% of the Total World Population. Population plays a key role in driving the economy. The real estate industry alone contributes to 6-7% of the GDP. In light of World Population Day on July 11, let us discuss the impact of population on the real estate market in India.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For those who are debating about investing in <\/span><span style=\"font-weight: 400;\">apartments in Chennai<\/span><span style=\"font-weight: 400;\">, this article should tell you why you should invest without delay.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The demand for housing is relatively high in India compared to other countries, especially those in Europe. 35% of India\u2019s population is urban, which comes to approximately 483,098,640 people in 2020. Real estate experts expect to have at least 50 million homes by 2025 to house them.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let us look at theoretical projections and information that show positive signs for the real estate market.\u00a0\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">India has a population growth of at least 1% every year. This is quite high compared to countries in Europe that are facing negative population growth, which indirectly affects their real estate industry. They are unable even to fill their existing inventory, let alone build new homes.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There is a high influx of immigrant population into metropolitan cities like Chennai, Bengaluru, Hyderabad, Mumbai, and NCR. Every year, over 100,000 people move in and out of these cities and their suburbs.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The average income of an Indian Household has improved considerably over the years. People have more money on their hands to invest and can afford more luxuries. This should translate into more people investing in real estate, especially in <\/span><span style=\"font-weight: 400;\">apartments in Chennai<\/span><span style=\"font-weight: 400;\">, as this city has the most influx of affluent people.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Apart from the first-time home buyers, there are others who live in neighbouring towns and villages, investing in homes in the city. They either rent it out or buy it as an asset for their children who have moved to the city.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The real estate sector in India is estimated to reach 13% of GDP by 2030. The population will also grow to nearly 1.5 Billion, the effect of which can be felt on the property prices. About 17% of this population would be in the demographic that is capable of purchasing a property.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These 5 takeaways from the population to real estate relationship make it seem like the market must be practically booming. However, one in three houses still stands unsold. The Coronavirus pandemic was also one of the significant factors that put a hold on people\u2019s investment plans. The lockdown forced a lot of people out of their jobs and wages, leading to their savings being used to weather the pandemic. Those who could still afford to buy new homes became more cautious about where they were investing their money.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Developers and brokers are doing their best to combat this by attracting customers with lucrative offers. The Central and State Governments, along with the national banks, are stepping up to increase people\u2019s affordability by introducing various schemes, tax benefits, and relaxations on home loans.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This resulted in a revival of the real estate industry, but right now, it is entirely a buyer\u2019s market. The property rates are at the lowest ever, and with the growing population, it is inevitable that the demand will bounce back sooner rather than later. Anyone investing in real estate, especially in <\/span><span style=\"font-weight: 400;\">luxury flats in Chennai<\/span><span style=\"font-weight: 400;\"> now, will definitely see both short-term gains and profitable appreciation in the long run.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Lifestyle Housing is the best developer of <a href=\"https:\/\/www.lifestylehousing.in\/\">luxury flats in Chennai<\/a>. We have a sizable inventory of 3BHK flats for sale in Chennai that are in premium locations.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>India ranks as the Second Highest populous country in the world, contributing to an astounding&#8230;<\/p>\n","protected":false},"author":1,"featured_media":6345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[38],"tags":[23,76,31],"class_list":{"0":"post-6343","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-luxury-flats-in-chennai","8":"tag-apartments-in-chennai","9":"tag-flats-in-chennai","10":"tag-luxury-flats-in-chennai"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How Population affects the Real Estate Market? - Lifestylehousing Blog<\/title>\n<meta name=\"description\" content=\"Learn how the population growth is impacting the real estate market in India and why now might be the best time to invest in apartments in Chennai.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lifestylehousing.in\/blogs\/how-population-affects-the-real-estate-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Population affects the Real Estate Market? 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