Is it wise to Invest in Real Estate in India in 2020 and 2021?
A big YES! Considering the various beneficial real estate trends listed above, experts are optimistic about the future of the real estate industry in the country and look forward to brighter days. As all buyers are aware that land is a scarce resource, and fundamental supply and demand principles dictate that with higher demand and lesser supply, property prices are sure to go up.
2020 has great potential for both residential and commercial real estate business. In the last few years, co-ed office space has gained impressive traction in most cities with IT/ITeS players contributing to the majority of the demand. Occupational inter-state migration is driving growth for the commercial sector which in turn translates into higher residential demand. Practical millennials are more inclined towards co-living spaces that are more dynamic as compared to the usually rented space.
As per the research conducted by Global Real Estate Consultants Knight Frank, the novel concept of co-living is gaining widespread acceptance in India and this trend is acting as a catalyst for an organised rental market in cities such as Bengaluru, NCR and Pune in the same way as co-working spaces did for the commercial space. Also, the impetus given to the residential sector is expected to yield positive results for buyers and investors alike.
In 2020, the Indian real estate system will exhibit more financial discipline, accountability and transparency due to the structural economic policy reforms introduced last year. Experts believe that if the government takes more quick and bold corrective measures for the housing and urban infrastructure sector demand can be boosted to an unprecedented level.
So, if you are looking to add real estate to your investment portfolio, then now is the perfect time to get started.
2020 has great potential for both residential and commercial real estate business. In the last few years, co-ed office space has gained impressive traction in most cities with IT/ITeS players contributing to the majority of the demand. Occupational inter-state migration is driving growth for the commercial sector which in turn translates into higher residential demand. Practical millennials are more inclined towards co-living spaces that are more dynamic as compared to the usually rented space.
As per the research conducted by Global Real Estate Consultants Knight Frank, the novel concept of co-living is gaining widespread acceptance in India and this trend is acting as a catalyst for an organised rental market in cities such as Bengaluru, NCR and Pune in the same way as co-working spaces did for the commercial space. Also, the impetus given to the residential sector is expected to yield positive results for buyers and investors alike.
In 2020, the Indian real estate system will exhibit more financial discipline, accountability and transparency due to the structural economic policy reforms introduced last year. Experts believe that if the government takes more quick and bold corrective measures for the housing and urban infrastructure sector demand can be boosted to an unprecedented level.
So, if you are looking to add real estate to your investment portfolio, then now is the perfect time to get started.
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