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Shift in real estate trends in India after witness
Shift in real estate trends in India after witness

Indian real estate sector has been sluggish for a few years but finally showing positive signs of recovery and expected to make a turnaround in 2016. Experts believe that the sector is expected to record increase in sales and a reduction in unsold inventories. They believe the government initiatives announced this year will give a push to the sector and reinstate investor confidence. With this major shift that Real Estate has witnessed,  changes in real estate trends in India has also been observed.

Let's  have a look what’s in store for the real estate sector in the years to come -

Industrial corridors to boost infra growth in hinterland  

Cities falling along the major industrial corridors are envisaged to witness tremendous  growth in the coming years. As each corridor passes through various existing industrial clusters, towns and cities, these are likely to become investment hubs. Thus, once completed, the real estate growth at India’s hinterlands, connected via these corridors, will be exponential.

Smart City’ tag to boost realty prospects

‘Smart Cities’ is the latest buzzword that has created a wave in the country.

Thus, a lot of development will be seen in and around these cities. Survey  reveals the growing interest of buyers towards these potential cities. It is interesting to note that about a good number of people showed interest in upcoming smart cities for investment. While several cities have been proposed, few areas within the cities have also been identified. For instance, Electronic City in Bangalore and Bandra-Kurla Complex (BKC) in Mumbai.


Residential plots to rule the roost  

Unlike conventional market trends, residential  plots are gaining prominence amongst the  property buyers. Buyers prefer to buy plots for lucrative returns in the mid-to-long term horizon. This can further be justified by the fact that they are now considering upcoming smart cities, where apartment culture is yet to catch pace. Also, for the development of these smart cities, smaller areas in the peripheries are being identified.

Heritage cities are a next big thing   

The recent initiative by the government to develop various regions as heritage cities will also lead to high realty growth in those cities in the times to come.

The cities to be considered in the 1st phase of development include: Mathura, Amritsar, Ajmer, Varanasi, Vellankani, Kanchipuram and Gaya.

The second phase will include cities such as Puri, Tirupati, Allahabad, Ujjain, Hampi, Rishikesh and Lucknow. While cities like Varanasi, Rishikesh and Lucknow are already seeing considerable realty growth, other cities are likely to join the bandwagon soon.

Apart from the changing trends in real estate , one more significant change can be observed. Real estate has gone a long way from traditional to digital. Earlier most of the people depended on brokers for buying property but now the end to end process can be carried online.  Today website for Property in india makes your work easier and showcases all the important and relevant details.  They also tends to offer plethora of other benefits

Saves time : In the horn blaring city mundane, people live busy lives where people but don't have much time to go out searching for a home to buy or hire on rent, website for Property in India provides an easy access to large inventory.  It does the major part of your homework in few clicks. Hence it is time saving and hassle free.

Faster means of searching a property: Online searching is the fastest means of finding a suitable property. Within few minutes you can have a look at a number of properties and can also make a quick deal.

Trust : Websites for Property in India has helped build the trust by sharing utmost transparency in the business. Earlier people lacked trust and suspected of fraudulent activities in the name of real estate.But now with the property websites, the trust issue is resolved and buyers prefer to opt services from a trusted brand .