India's Most Admired Real Estate Companies 2021
The Boom is Not Faraway In its sweeping trail of destruction, the coronavirus pandemic sent across a glaring message to humankind – Home is where the heart is. A year of trials and turbulence made everyone realise the significance of this age-old adage, and property investment suddenly became the priority, next of course, to health. The invasion of the virus had slowed down the real estate market. After a lull of more than a year, the real estate market is all set to reaffirm its position and transform city skylines even further. As we gradually come out of the pandemic crisis with vaccination drives, the real estate market is expected to experience phenomenal growth. By 2025, real estate is touted to contribute up to 13% of India’s gross domestic product. By 2040, the real estate sector is expected to grow by Rs 65,000 crore, a whopping leap from Rs 12,000 crore in 2019. The real estate sector is also the second-highest employment generator in the country, after agriculture. And now, with the Securities and Exchange Board of India (SEBI) approving the Real Estate Investment Trust (REIT) platform, the sector is expected to see massive growth. All kinds of investors will be able to invest in the Indian real estate market, propelling it at the global level. While the construction and allied sectors were among the few permitted to operate after essential services during the ongoing pandemic, there is no denying that the challenges to bounce back are aplenty. Realtors are facing these and delivering their best. Technology has also been a great help. No sector could remain immune to technology. Real estate that was a slow starter in using technology could not remain aloof from it for long. Technology is changing the way real estate functioned, the way we buy and sell. Technology has ensured efficiency and transparency and has proved to be a blessing during the pandemic. Artificial intelligence, machine learning, and robotic automation have already percolated into the real estate ecosystem and are reliable means to evaluate properties in real time quickly. As of today, the sector looks promising despite the possibility of a third wave. Real estate advisors also provide consulting, legal advisory, and many other value-added services.
In our latest edition of Insights Success, India’s Most Admired Real Estate Companies, 2021, we featured stellar companies who have been the frontrunners in the real estate market with their enduring, appealing and sustainable projects. They have been able to bring about client satisfaction through constant innovation coupled with quality. They have cemented themselves as industry leaders in residential, commercial, industrial, hospitality, or vacant land. We are sure you will enjoy reading this edition as much as we did during its making. Happy reading!
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