We can see an increase in flexible working arrangements, such as hybrid models and hot desks: Shashank Vashishtha, Executive Director, eXp India
Real estate agents will also evolve into a more tech savvy workforce, by expanding their skill sets and embracing technology.
By Shashank Vashishtha, Executive Director, eXp India
“Despite being a tumultuous year, Indian real estate has witnessed growth in both the residential and commercial segments. With lockdown restrictions easing, and the festival season gaining some sense of normalcy, real estate investments have also seen an increase of over 20% in some cities. This is also spurred on by the low home loan rates, coupled with festival season and year end offers. NRI Investments have also seen an uptick, with Bangalore being the most favoured region, followed by Ahmedabad, Pune, Chennai, Goa, and Delhi.
Year 2022 promises to bring in heightened growth to the sector with the worst of the pandemic behind us. Thanks to PropTech becoming more widely used during the pandemic, investors have discovered the ease and convenience of digital house hunting. This is sure to act as a precedent for a number of new trends in 2022. For instance, we can see an increase in flexible working arrangements, such as hybrid models and hot desks. Real estate agents will also evolve into a more tech savvy workforce, by expanding their skill sets and embracing technology.
eXp Realty met with a warm welcome during our first year of India Operations in India. We have on-boarded over a 1000 agents in less than a year, and this shows that both agents and customers are more open to adopting our virtual and transparent method of transacting. With covid making it difficult for investors to physically see properties and interact with their agents, our virtual office where agents are available anytime and anywhere has accelerated our growth in the market. Not to mention with Facebook announcing it’s Metaverse, virtual reality in professional environments will lead to work models similar to ours becoming more mainstream. Moreover, as one of the most technologically progressive agencies in the country, we are also looking forward to implementing many new PropTech solutions to support our agents with their business in 2022.”- Shashank Vashishtha, Executive Director, eXp India
