Office markets are expected to grow in 2019. Warehousing segments will also be seeing renewed interest. Indian real estate sector is undergoing an evolving phase for some time. This trend is likely to continue this year as well. There are numerous reforms which have been introduced in the sector through changes in tax, regulations as well as in the business environment. It would be interesting to see if the current reforms agenda will be continued with the new government after the elections & whether they will take them to the next level.
As per rankings released by World Bank over the past two years, India has jumped a significant 52 positions in Ease of Doing Business. Primarily, this improvement has happened due to improvement in six of the 10 categories which were assessed. One of these is dealing with construction permits that showed a massive jump in massive policy reforms.
Transparency & accountability has increased & which has caught the attention of institutional investors. They are now evaluating the real estate sector with renewed energy. It is also
possible that Real Estate Investment Trusts (REITs) may take shape anytime soon. This will definitely help in improving cash flows pouring into the real estate sector.
Firm GDP growth & sustained office demand should fuel expansion & further attract additional investments. Requirement of gross office space in 2018 has grown by over 20 percent owing to renewed interest by banking tenants. Further expansions by technology companies have also helped achieve this growth.
Alignment of supply & demand of residential space due to urbanization, growing population, increase in disposable income & rise of nuclear families has fuelled demand for dancing. However, increase in sales has been an issue owning to price mismatch. This is the reason property developers are working hard to align sizes of residential units which are suitable for budget home buyers. Moreover, home buyers nowadays are more informed. Affordable home buying henceforth will have enhanced traction.
Fate of the Indian real estate sector will finally be decided by the results of the general elections. Several property developers normally tend to go slow on fresh projects before polls. Even home buyers generally adopt a wait & watch approach. Nevertheless, it can be a good time for home buyers now to drive a hard bargain.
Northstar Homes’ Hillside is strategically located close to Gandipet Lake. Offering elite best-inclass living within green natural surroundings, Hillside features 37 handcrafted villas nestled around Central Park. Hillside is bound to entice you with its serene & calming presence. These are top rated luxury villas in Hyderabad where you can enjoy cobblestone walkways, car-free streets & a lavishly built clubhouse where you can find entertainment.