Indian real estate sector has been sluggish for a few years but
finally showing positive signs of recovery and expected to make a turnaround in
2016. Experts believe that the sector is expected to record increase in sales
and a reduction in unsold inventories. They believe the government initiatives
announced this year will give a push to the sector and reinstate investor
confidence. With this major shift that Real Estate has witnessed, changes
in real
estate trends in India has also been observed.
Let's have a look what’s in store for the real estate sector
in the years to come -
Industrial corridors to boost infra growth in hinterland
Cities falling along the major industrial corridors are envisaged
to witness tremendous growth in the coming years. As each corridor passes
through various existing industrial clusters, towns and cities, these are
likely to become investment hubs. Thus, once completed, the real estate growth at
India’s hinterlands, connected via these corridors, will be exponential.
Smart City’ tag to boost realty prospects
‘Smart Cities’ is the latest buzzword that has created a wave in
the country.
Thus, a lot of development will be seen in and around these cities.
Survey reveals the growing interest of buyers towards these potential
cities. It is interesting to note that about a good number of people showed
interest in upcoming smart cities for investment. While several cities have
been proposed, few areas within the cities have also been identified. For
instance, Electronic City in Bangalore and Bandra-Kurla Complex (BKC) in
Mumbai.
Residential plots to rule the roost
Unlike conventional market trends, residential plots are
gaining prominence amongst the property buyers. Buyers prefer to buy
plots for lucrative returns in the mid-to-long term horizon. This can further
be justified by the fact that they are now considering upcoming smart cities,
where apartment culture is yet to catch pace. Also, for the development of
these smart cities, smaller areas in the peripheries are being identified.
Heritage cities are a next big thing
The recent initiative by the government to develop various regions
as heritage cities will also lead to high realty growth in those cities in the
times to come.
The cities to be considered in the 1st phase of development
include: Mathura, Amritsar, Ajmer, Varanasi, Vellankani, Kanchipuram and Gaya.
The second phase will include cities such as Puri, Tirupati,
Allahabad, Ujjain, Hampi, Rishikesh and Lucknow. While cities like Varanasi,
Rishikesh and Lucknow are already seeing considerable realty growth, other
cities are likely to join the bandwagon soon.
Apart from the changing trends in real estate , one more
significant change can be observed. Real estate has gone a long way from
traditional to digital. Earlier most of the people depended on brokers for
buying property but now the end to end process can be carried online.
Today website for Property in
india makes your work easier and showcases all the important and
relevant details. They also tends to offer plethora of other
benefits
Saves time : In the horn blaring city mundane, people live busy
lives where people but don't have much time to go out searching for a home to
buy or hire on rent, website for
Property in India provides an easy access to large inventory. It
does the major part of your homework in few clicks. Hence it is time saving and
hassle free.
Faster means of searching a property: Online searching is the
fastest means of finding a suitable property. Within few minutes you can have a
look at a number of properties and can also make a quick deal.
Trust : Websites for Property in India has helped
build the trust by sharing utmost transparency in the business. Earlier people
lacked trust and suspected of fraudulent activities in the name of real estate.But
now with the property websites, the trust issue is resolved and buyers prefer
to opt services from a trusted brand .
Thank you!
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