Mumbai, Bengaluru, and Hyderabad: Cities leading India’s residential real estate recovery in 2022

Mumbai real estate, Bengaluru real estate, and Hyderabad real estate get expected to lead the residential real estate recovery in 2022.

Share on facebook
Share on twitter
Share on linkedin
Mumbai, Bengaluru, and Hyderabad: Cities leading India’s residential real estate recovery in 2022

As we enter the third year of the pandemic, most have accepted the new normal. After being caught off guard in 2020, the Indian economy in 2021 demonstrated a high level of preparedness and resilience across sectors. Real estate India, which has been in a cyclical trench since 2013, experienced its worst period, with business coming to a halt across supply and demand chains. Following a massive blow from the pandemic, the real estate sector appears to have emerged from the woods recently, with growth momentum expected to continue in 2022. Among the various segments, residential real estate saw a significant increase in 2021. Furthermore, Mumbai real estate, Bengaluru real estate, and Hyderabad real estate get expected to lead the residential real estate recovery in 2022. These three cities saw increased homebuyer activity following the second wave of the coronavirus pandemic.

According to the IRIS index of, after the second question of the pandemic, Tier-II cities such as Surat, Jaipur, and Patna are the ones that recorded the highest summation successful online spot hunt measurement successful 2021. The scale also includes a list of cities to ticker retired for increasing residential demand. These include Tier-II cities such as Surat, Jaipur, Patna, Mohali, Lucknow, and Coimbatore.

And what contributes to this residential real estate economic recovery, you ask? Home purchases have accelerated because of record low home loan interest rates over the last 15 years, as well as record low affordability driven by stable real estate prices. Mumbai, Hyderabad, and Bengaluru will lead the residential housing recovery in 2022.

The IRIS index, maintained by, tracks the volume of online property searches conducted by high-intent homebuyers. The index is a leading indicator of residential demand in the key 42 cities of India. In addition, the index predicts that larger homes will be the preferred option among homebuyers in 2022, as companies continue to offer remote working policies in the face of Omicron variant threats. According to data, search queries for apartments with 3+BHK configurations increased by 15% year on year in 2021.

In 2022, the metro cities of Mumbai, Bengaluru, and Hyderabad will drive a revival in residential demand. On the back of continued remote working policies, there is also increased traction in tier-II cities such as Surat, Jaipur, Patna, Mohali, Lucknow, and Coimbatore. Homebuyers are towards larger homes and areas with better healthcare, security, and open space. The market will get shaped by changing consumer preferences in residential real estate in 2022. Not to forget the digital penetration across the supply and demand value chains. 

Because the price of any property is directly related to its size and amenities, online searches for properties costing more than Rs 2 crore have increased. 1.1x queries got registered on the index for premium properties in 2021.

The index also indicates that Noida Extension in Noida will see significant homebuyer interest.

According to the index, Noida Extension had the highest share of national online property search volume this year. It is primarily due to the comparative affordability of the area. It is also because the center and the UP government have recently announced several mega infrastructure projects for this region. The IRIS index also predicted that the rental market in the megacities of Mumbai, Bengaluru, and Delhi would improve in 2022 as companies increased hiring. In 2021, the three cities accounted for the massive share of the online search volume for renting a home.

Because online search trends are leading indicators of potential demand offtake, we anticipate that 2022 will get characterized by a well-informed end user who will consider affordability and habitability before making a purchase.

We see a few key trends shaping the residential real estate landscape in 2022

  • Mumbai, Bengaluru, and Hyderabad will set the pace for residential recovery in 2022. The cities saw increased homebuyer activity following the second wave of the pandemic.
  • Surat, Jaipur, and Patna will be the most popular Tier-II cities for home purchases in 2021. They are experiencing the highest growth in online property search volume.
  • A massive configuration and adjoining study format will be a preferred segment among homebuyers in 2022 – search queries for apartments with 3+BHK configuration increased by 15% year on year.
  • Premium properties will see an increase in demand in the coming year, with 1.1x more queries for apartments with ticket prices greater than INR 2 crore in 2021.
  • Residential plots will be more popular than ever before, with a 42 percent year-on-year increase in search queries for residential.
  • Greater Noida West (Noida Extension) in Greater Noida will see a surge in homebuyer interest in the coming year. It also accounts for the massive share of national online property search volume.
  • Greater Noida West (Noida Extension) in Greater Noida, Mira Road East (Mumbai), Andheri West (Mumbai), Borivali West (Mumbai), and Whitefield are the top five localities that will lead national residential demand in 2022. (Bengaluru).
  • The rental market in Mumbai, Bengaluru, and Delhi gets expected to revive in 2022 because of the return to work and hybrid work policies. These three cities have the highest share of online search volume for renting a home.
  • Surat, Jaipur, Mohali, Lucknow, and Coimbatore are among the Tier II cities to watch for rising residential demand.
  • Proximity to healthcare infrastructure and security will be critical to completing a home purchase in 2022. The Consumer Sentiment Outlook for 2022 also reports that potential homebuyers rank health infrastructure and security as the most desired amenity this year.
  • Digital India– 42% of prospective home buyers want to complete the transaction entirely online or after only one site visit.

Assetmonk is an online platform that provides real estate investment options in Hyderabad, Chennai, and Bangalore and IRRs ranging from 14 to 21 percent. We offer three product lines: Growth, Growth Plus, and Yield. Visit us to learn more about our products and services.

India’s residential real estate recovery in 2022 FAQ'S:

Despite concerns about the Omicron crisis, the real estate market in 2022 appears to be bullish, with demand accelerating across all categories. Prices will naturally rise as demand rises. The previous year was a roller coaster ride for Indian real estate.

The year 2022 is the best in a decade to invest in real estate. There should be no more deference in the decision to buy now that prices are at their lowest and there is a supportive finance mechanism in place. The real estate market is booming, and market conditions are making it even more appealing. You must take advantage of the low-interest rates, lucrative schemes, and fantastic new designs to purchase your property.


Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Related Articles

istockphoto 1312767508 612x612 1

What is National Securities Depository Limited (NSDL)

NSDL or National Securities Depository Limited is a financial institution that was established to keep securities like shares, bonds, etc in the shape of non-physical or physical certifications, that is in demat format. The securities are maintained in deposit accounts, which are similar to funds in bank accounts. It allows for quick securities transfer because ownership gets transferred merely by ledger entries. This is frequently done digitally, saving the extra time required in the previous practice of exchanging physical certificates once a deal was concluded. India’s capital market, which has been around for almost a century, has always been quite active. But, due to settlements that are based on paper, it had significant flaws such as poor delivery, prolonged transference execution, and so on.  To address these concerns, the Depositories Act 1996 was enacted and went into effect on Sept 20, 1995. This legislation mandated the Security Depositories establishment in India to manage securities.  Security is a financial asset that…

Read more
istockphoto 1176996544 612x612 1

Step-by-Step Process for Income Tax Login

Income Tax Login step-by-step process? To finish the E-filing of IT Returns, you must first successfully finish the registration procedure and connect to the IT E-filing site. You may utilize the e-filing site and a variety of services related to tax by finishing the income tax login process. The steps below will walk you through the process of finishing the income tax E-filing site login. Also, read Tax Saving via Deductions Under Section 80C 80CCC 80CCD and 80D. How To Do Income Tax Login? Step 1: Navigate to the Income Tax e-filing website. Select the “Login Here” option in the upper right-hand side of the site.   Step 2: After clicking the “Login Here” option, you will be sent to the Income Tax Login webpage.   Step 3: Also on the login screen, enter your User ID, which is your Permanent Account Number or PAN. Enter the password you created when you registered for your IT e-filing account. After you’ve…

Read more
istockphoto 1252264724 612x612 1

Everything about CSC Digital Seva Portal

CSC Digital Seva Portal is a gateway that provides info on numerous firms and electronic governance to inhabitants in remote and rural areas of India. A CSC facility’s full name is Jan Seva Kendra or Common Service Center. Common Services Centers or CSC is a network based in India that aims to transform India into a digitalized country. CSC Scheme 2.0 got started in Aug 2015 for improving accessibility to digital and technological services for citizens in remote and rural areas of India. The CSC Digital Seva Portal’s Goals Connect 2.5 lacs of Gram Panchayats in India. Citizens of India should access trustworthy and up-to-date info. In villages, all basic services are given in a single place. Deliver low-cost, services that are of high quality to average people. Governmental welfare and social assistance programs are promoted. Develop new rural jobs and promote rural entrepreneurship. Registration for the CSC Digital Seva Portal To commence the registration process, one must comply with…

Read more

Pradhan Mantri Vaya Vandana Yojana (PMVVY)

PMVVY is an Open-ended Deferred Pension Plan. The scheme offers guaranteed return of 8% per annum for 10 years. Minimum pension amount is Rs. 1,000/ month and maximum pension amount is Rs. 10,000/ month depending on purchase price. Returns will be paid on a monthly basis. On maturity, the entire pension wealth will be paid in lump sum and no annuity will be offered thereafter by the Pension Fund Regulatory and Development Authority (PFRDA). The first installment of 5% or 50% whichever is lower is payable within 2 years from the time when account balance reaches Rs 1lakh/- which will happen after completion of 10th year under this scheme i.e before 2040s for most of us today! PMVVY is an Open-ended Deferred Pension Plan PMVVY is an open-ended deferred pension plan that provides guaranteed return of 8% per annum for 10 years. The scheme offers minimum pension amount of Rs. 1,000/ month and maximum pension amount of Rs. 10,000/ month…

Read more
EPFO KYC update for UAN

How to update KYC for EPF UAN?

KYC is being adopted by most of the government and private sector organizations for maintaining the proper records of official matters. The Indian government has already made it mandatory for employees as well as consumers to link their Aadhar card with various types of accounts and digital entities. Therefore, it is also compulsory for you to link your EPF with your Aadhar as well as other important digital documents. Don’t know how to do it? Don’t worry, we have got your back! In this article, we’ll learn how to update KYC for the EPF’s UAN and also go through the basics. Stay tuned until the end to understand it better.  What are the advantages of updating your EPF’s KYC details? A wide range of benefits can be reaped by updating the KYC on your EPF account. Some of those benefits are: You can make online withdrawal claims, which happen only after you link/seed your Aadhar with the UAN The transfer…

Read more
istockphoto 1353920585 612x612 1

EPF Form 10C – Benefits, Eligibility & Documents

EPF Form 10C is used to request a reimbursement of the employer share, the withdrawal benefit, and the scheme certificate for membership retention. An Employees’ pension fund (EPF) or Employers’ Pension Scheme is a retirement plan that EPFO enfranchises for employees working in organized sectors. Both the employer and employee contribute to EPF during a person’s employment period at that company. UAN – This unique number is assigned to each member of EPFO. It consists of 12 digits. An EPF certificate gives information about the employee’s employment, including the service period and the family members that will be able to benefit from the scheme in the event of death. Individuals can choose to continue their work after they retire from a company. You can either transfer the company to your next one or withdraw it. In case of withdrawal, the person must file EPF Form 10C.  Filling EPF Form 10C   Online and offline filings of Form 10C are possible. These…

Read more