A Countdown for the Next Wave of Indian Real Estate

While buying property investors are particularly aware of the market situations and make their move accordingly. There are several factors that influence the final decision depending upon the present monetary conditions with a planning of next few years. The years that have passed by represent a quite favorable scenario for first time buyers specifically. Since the starting of 2011, investors were extremely picky about their choice as the real estate market of India was quite unstable at that time. After undergoing that downfall, the market soon picked up itself and started off by selling property that remained unsold for quite some time. Let’s understand how it all started and what the market represents right now!

What have we learnt?

The reason for huge breakdown of real estate in India during 2011-12 is yet to be identified but according to the realty gurus, there is not a single particular reason for such condition. After that period, government came into action in order to identify the original cause of the matter. It was only after this action when the market again got hold of the present scenario and picked up some pace. It is because of this revival strategy that presently almost the entire market segment of India is interested in buying property.

Therefore, it is quite evident that after a trippy start, property India is soon becoming affordable as well as dependable. The past two years witnessed new and innovative projects by builders who are now offering property of every segment. Earlier the realty sector was not as clearly divided into the categories of commercial and residential real estate. Hence, it would not be wrong to say that developers were constantly eyeing the market of residential property and that too for the elite classes. 

Moving into the future with countless possibilities

As we all know that the present real estate situation is quite different as it was back then. It is because of the fact that realtors are now focusing on almost the entire chain of segments. As per the market research reports, India is set to attain a higher GDP than other countries and thus, become one of the developed countries in terms of real estate. On the other hand, as a result of constant urbanization, the government had to establish new cities with a fresh approach of economy and infrastructure.

Indication of large amount of FDI into the real estate sector has also paved way for innumerable opportunities for developers in particular. Once considered a slow market, India has evolved itself over every five years. Thus, the game of real estate becomes unpredictable as it would be interesting to see how the country is going to perform even in the most dreadful market circumstances.

While government is pushing its initiatives through ‘Make in India’ and ‘Smart Cities’ projects, there are still various issues that are yet to be addressed. After taking this step ahead, real estate in India is surely going to make everyone wonder about what’s coming next.