For the sixth year running, the report broke down the key trends that defined the real estate sector by combining platform data of 30 million users with survey responses from over 26,000 customers across Bangalore, Mumbai, Pune, Chennai, Hyderabad, and Delhi-NCR.

In the survey, 71% of respondents indicated that they would prefer to invest in real estate over other investment instruments such as gold, SIP/stocks, or Bitcoin.

NoBroker India’s first proptech unicorn, has recently released its annual Real Estate Report for the year 2022.

For the sixth year running, the report broke down the key trends that defined the real estate sector by combining platform data of 30 million users with survey responses from over 26,000 customers across Bangalore, Mumbai, Pune, Chennai, Hyderabad, and Delhi-NCR.

Speaking on the report, Saurabh Garg, Co-founder & CBO – NoBroker.com, said, “Indian real estate, in 2022, has been an exciting space to watch. Buoyed by favourable tailwinds, the sector overcame the inertia of the past several year's inertia to achieve record growth. 2022 saw record-high capital appreciation and rent inflation. The momentum is expected to continue well into 2023 as ready-to-move-in residential units, rental properties in gated societies, and plotted developments are very much in demand.”

Perhaps the most defining trend of 2022 was the post-pandemic pent-up demand. 67% of potential buyers said that pandemic-induced insecurity positively impacted their home purchase decisions.

In the survey, 71% of respondents indicated that they would prefer to invest in real estate over other investment instruments such as gold, SIP/stocks, or Bitcoin. In fact, 89% of landlords mentioned that they were looking to invest in another property. 73% also felt that they find it much easier to rent out their property now. 56% of them have even admitted that they increased their rent post covid.

The demand for plotted land saw an increase with about 12% of people showing interest. This growth in demand for plotted land drove a massive increase in land launches across metro cities; with even the largest of developers launching plot projects, the number of new land launches increased by over 100% in 2022.