Ambience Group Promoter 2024 Outlook on Delhi NCR Residential Real Estate Market

In 2024, various trends are expected to significantly impact the residential real estate sector in India. The year looks promising, signaling a return to the pre-pandemic market of 2019. Experts predict that inventory levels and the number of first-time home buyers will return to normal. The Promoter of Ambience Group highlights the importance of understanding the changing mindsets of customers after the pandemic.

The crisis made people rethink their priorities, leading to a greater focus on comfort, safety, and well-being. As a result, there's been a noticeable increase in demand for smart homes with features like automated lighting and security systems, as well as AI-driven amenities. This growing interest in smart home features reflects the evolving needs of modern homeowners.

One major trend for 2024 is the evolution of smart homes. "Integrating technology into homes is no longer a luxury; it's now expected," says the Ambience Group Promoter. The combination of technology and real estate, known as PropTech, is driving innovation. Virtual and augmented reality are changing how people explore properties, allowing buyers and tenants to view homes remotely through immersive experiences. Additionally, artificial intelligence is crucial for analyzing data, improving market predictions, and accurately valuing properties.