10 Important Real Estate Key Trends in India

The real estate market in India has seen a lot of transformation in the past decade. It has become one of the most promising sectors for investment. It is providing well returns too. It is safer than other investment plans like – gold or mutual fund. But this transformation is possible for these 10 important real estate key trends in India.

The real estate industry in India has seen a lot of ups and downs in past few years. But with developing technology, rising demand for property, and the help of the Government – the real estate industry is growing at a good pace. With a very high requirement of customers, the real estate companies have started to spread the business with new enthusiasm. There are a lot of reasons that help the real estate industry to grow in a bigger manner. 

Let us see the 10 important real estate key trends in India that help to shape the real estate market too. These points are important before investing in the real estate business in India.

1.    1. The industry of real estate in India is emerging at a rapid speed after seeing a low time. It is becoming a promising industry for investment. The real estate industry is growing at a pace of 9% per annum and it is expected that the real market will reach $180 billion by the year 2020. As reported by the Indian Brand Equity Foundation, the real estate sector in India is expected to reach a market size of US$1 trillion by 2030 and it will also contribute 13 percent of the country’s GDP by 2025.

2. India is emerging with the rapid growth of the IT sectors. The sudden growth of urbanization in India also has fuelled the real estate market in India. IT companies have made an impact on the real estate business. With the growing demand for jobs in IT companies, properties for a living have also become very essential. And for that reason, many big real estate brands are starting to invest in the development of real estate property. Big cities like – Mumbai, Delhi, Pune, Bangalore, etc, have high demands for property buying.

3. Recently, the government has decided to develop suburban cities as well. And because of this great initiative, the sub-urban areas like – Patna, Goa, etc. are also developing. Recently, Patna is becoming the hub for IT sector companies. And also, it is the fifth fastest-growing city in India. And that is why property in Patna is getting a positive response from the property buyers.

4.  As we all know that for various reasons the real estate market is growing in India. But, the Government of India has also helped in this growth. The initiatives like “Pradhan Mantri Awaas Yojana” has hiked the demand of residential lands.

5.  It is really helpful that because of some initiatives taken by the Indian Government, the real estate business has become a lot more secure place to invest. The RERA act established by The government had actually given more strength to the homebuyers. As the real estate industry is getting very crowded and huge, the Government has set up RERA committees in every state for the security of the property buyers. The act keeps a strict eye on every builder and property dealer. And if any builder violates any rule of this act, the law can take strict penalties or action against that builder. This thing has given the property buyers a sense of security and that is why they are investing more into the real estate business.

6.  Over the past few years India has emerged a lot as a country. It is getting updated day by day. And for that reason, the demands of customers are changing over the years. The millennial culture is more leaned towards co-living spaces and rental spaces than residential spaces. The metro cities like – Mumbai, Pune, Delhi, Bangalore, etc. have demand for both rental properties as well as residential properties. Recently, Patna is also getting the attention for residential plots and rental property due to the heavy demand for jobs. Buying residential plots in these areas is a good place for investment. Property in Patna both residential and rental are in high demand nowadays.

7. Smart technology is the future of India. We are very much dependent on technology nowadays. And that is why home buyers are searching for property having upgraded technology. Customers are looking for smart homes, high-end technology in the houses or flats. These new requirements of customers are driving the builders to make the property with the latest technology. The up-gradation of technology ensures that customers can live their lives easily and happily. And the real estate market in India is taking this new side as an opportunity to flourish the business even more in future days.

8. The new age generation is preferring green technology more. Both buyers and sellers are getting more conscious about this thing. The developers are focusing on the usage of eco-friendly raw materials. Customers are also opting for eco-friendly technology that will help to sustain the living in a better way.

9. The real estate dealers are collaborating with the Government and starting to bring new projects for the customers. Not only these projects are very much budget-friendly for the middle-class buyers, but these projects are also offering facilities that are necessary for daily living. The projects are very comfortable with good infrastructure.

10. With time passing by everyone is leaning towards having a luxurious life. And to match up with these demands the builders have to start developing a property that will provide luxury and a divine experience to the home buyers.

So, with the list of key trends that are shaping real estate in India, it is definitely clear that the real estate market in India is growing at a quick speed. It certainly had some low times but now it has taken up a high speed of growth. And to match up with that speed and to invest wisely in the real estate business, you must consult with a prestigious real estate agent or company. They will help you to get a suitable project at a preferable price so that you can have your investment for the future in the best possible manner.