The realty market of India seems to be waking up from stagnation lately ever since the global financial crisis hit in 2008 and affected the market greatly. Owing to the major reforms in taxes and regulations in the recent times, the real estate sector in India is growing and is ahead of some countries like those in Middle East.
The corporate and commercial sector are also expanding and so are the demands for working space. The co-working spaces in the major metro cities across India has grown exponentially in 2018 and have probably crossed over 600 million square feet in the end of 2018.
Experts at Modi Builders review that with the growing capital and commercial sector, the need for residential estate is increasing.
Moreover, the ever growing population inevitably leads to increased demands for housing are increasing and the government’s constant emphasis on the agenda of providing ‘housing for all’ seems quite legit. The recent trends in residential realty market seem to be throwing some optimism along our way.
The housing units in the top cities have increased by over 3 percent just in the first quarter of this year, with Hyderabad in the lead. One of the top builders in Hyderabad like Modi builders, provide the buyers with affordable villas and apartments with a touch of luxury, while prioritizing the safety and security as well.
Additionally, India has had an inflow of over $2 billion just in the first quarter of this year from foreign investors in the real estate sector and the market is expected to contribute around 13 per cent to the country’s GDP by the year 2025 as per Indian Brand Equity Foundation.
According to Anarock’s “Indian Residential Real Estate Consumer Sentiment Survey” which shows 10 percent rise in the real estate investment, we can assume that the market is set to grow further in the next few years.