Impact of rising per capita income and growing social infrastructure on real estate investment

Jan 20, 2023

India’s increasing per capita income and growing social infrastructure, especially in Tier-II and Tier-III cities are helping create a positive impact on the real estate industry. Earlier, people living in these cities or those coming out of them to work in Tier I cities didn’t have enough money to spend on their dreams – especially the dream of owning a home in one of the best residential societies like Purvanchal Royal City Phase-2. In the last few years, things have dramatically changed as the per capita income has increased significantly. 

As we all know, tper capita income is an important indicator of the standard of living. It's also an important reference point for evaluating the real estate market. In recent years, there has been rapid growth in India’s economy and social infrastructure construction projects that have boosted demand for housing in major locations, such as Delhi NCR. These developments have led to greater demand for housing in high-rise buildings with more amenities like swimming pools or gyms.

A growing social infrastructure and a higher per capita income means that more people are investing in real estate. This is because they have more money to invest, and real estate is an easy way to do this. Real estate is also a good investment because it's tangible, so you can see what your money has done for you when the time comes for selling or refinancing your property. 

The new developments have created a demand for residential space within close proximity of commercial areas, which is driving demand for modern residences. Residential spaces have become a premium in several cities. This has a lot to do with the rise in the income and spending power of people of Tier-II and Tier-III cities. After acquiring higher education in their own city or a metro city, they are able to land good jobs with better pay. This wasn’t the case a decade ago. 

The growing social infrastructure is helping improve the quality of life for all residents. As people can now afford to purchase property at a higher price than before, it is having a positive impact in the real estate market, not only in Delhi NCR but across the country. Also, with projects like Purvanchal Royal City Phase-2 in Greater Noida offering luxury residences and modern amenities at affordable cost, people are getting full value for their money.

The rising per capita income and growth in social infrastructure has helped create more jobs with higher salaries. This means more people are able to afford housing at an affordable price, which has led to a rapid increase in real estate investment.