Upcoming trends that is all set to take the centre stage in the Indian real estate sector the forth coming year of 2019. Sanali Group
Real estate can be defined as “property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this an item of real property; buildings or housing in general. Real Estate as an industry is very broad. There are a lot of different businesses involved directly in real estate. Properties are generally split into three major categories (Residential, Commercial and Agricultural) and there are many sub categories within those major categories.
- The major types of businesses that are involved in real estate are either operational (property management, asset management, loan servicing, etc) or transnational (brokerage, title, underwriting, etc). India is ranked fourth in developing Asia for FDIinflows as per the World Investment Report 2016 by the United Nations Conference for Trade and Development. That is endorsement at the highest levels – and real estate saw equity investment on a very visible return journey to India last year. Indian real estate has attracted $32 billion in private equity so far.
- It is estimated that one of the major trend that has been taking place in the real estate sector is that developers will revamp their business models. With all states staring at the approaching deadline to implement their versions of the Real Estate Regulation & Development Act (RERA), most of them will definitely fall in line. This landmark law will enforce hitherto unprecedented transparency and accountability requirements for developers into the system, and do a lot to increase consumer confidence.
- Co-working spaces are popping up across Indian metros as well as Tier-II cities, providing start-ups with flexible working options at affordable rents. At last count, there were more than 100 operators in this space across India, though there is still very limited supply of co-working spaces available.
- Another ongoing trend in the real estate sector is that affordable housing in India is finally set to get the much-coveted infrastructure status. One crore houses are to be built in rural India by 2019, and this vital segment will now see cheaper sources of finance – including external commercial borrowings (ECBs).
Sanali group is one of the most valuable and trusted real estate development companies. It is a pioneering developer of many high profile projects. The sanali group has achieved proven competencies in property, IT parks, shopping malls and retails and hospitality and leisure.