Modi Builders found that year 2016 and 2017 were event-filled for the Indian real estate sector. The Indian government initiated various policies to promote transparency in real estate and create affordable housing in the country. Policies like Real Estate Regulatory Act (RERA), Real Estate Investment Act (REITs) and Benami Transaction Act took off well from commencement. Goods and Services Tax (GST) and Demonetization also began to reflect a positive outcome gradually.
For a market full of consumers, RERA is likely to create adequate affordable housing in various cities across the country. The government policies are modifying Indian realty in favor of both the investors and developers. It is being predicted that the effect of these policies will remain positive in the long run.
Considered the most desirable when it comes to owning a house, Delhi and Mumbai have been attracting the most investments from buyers and sellers for the past few years. However, statistics suggest that the new policies might change this trend in 2018. Moreover, cities like Hyderabad, Pune, and Bengaluru will experience fast growth in real estate sales.
Modi Builders, a leading realty group, says that 2018 will witness a surge in the purchase of villas in Hyderabad. Their experts anticipated that while the residential rentals in the city will remain stable, office rentals will flourish in 2018. Luxury villas in Hyderabad, with sprawling lawns and ample parking spaces will be in great demand.
Year 2017 has been one of the most difficult years for the residential market of India, facing various challenges due to the policy changes. Yet, due to the lower price base, capital values in Hyderabad grew at a comparatively faster rate.
Statistics show that net commercial space consumption in Hyderabad was around 32 million square feet last year. With a consistent growth in real estate for the past few years, Hyderabad will be one of the seven major cities of India to reach 600 million square feet of total office stock by December 2019.
In the last one year, there have been a lot of queries from buyers who are keen on buying flats for sale in Hyderabad. This year too, the trend will continue, where millennials will invest in housing spaces that have a good value for money.
On account of affordability and improved infrastructure developments, the suburbs of Hyderabad are also rising as the most coveted housing markets in the city. Offering the villas for Sale in Secunderabad, Modi Builders are making significant contributions to this revolution.
As a result of the policy changes, the investment in the residential market of India is expected to be steady in 2018. With this development, industrial experts from Modi Builders Group foresee a dynamic growth in the sales of villas in Hyderabad.