There is a general agreement among real estate analysts that the Indian realty sector is getting back growth impulses.
Sam Chopra, Founder & Chairman, RE/MAX India, says Indian real estate is moving towards accelerated growth in the context of investors projecting India as one of the fastest growing economies in the world.
In 2014-15, India received FDI of around $19 billion in addition to an increase by 20-25% in FDI raising it to $30 billion even though the year was slow for Real Estate.
To add to this, an estimated amount of around $2.8 billion came from the private equity players. With a lot of action and regulatory changes, the industry has a mixed reaction. However, 2016-2017 will be positive for a lot of markets.
The secondary market is booming at a good pace. As a matter of fact, the last two years were more of a policy formation and adjustment phases starting from the supply to the demand phase.
The current customer demand is for ready-to move in apartments and areas like NCR, Thane, Navi Mumbai, Bangalore, Hyderabad, Pune, Kochi etc are some places that can be looked upon for investment.
With a majority of home buyers between an age group of 28-35, the changing economic conditions of the country will surely add to consumers’ wallets and allow them to either make the purchase of their first home or upgrade to a new one.
The trends like Smart Cities, green cities, high rise cities, affordable housing etc are attracting a lot of investors and developers to cater to the these buyers.