For the past few years Indian real estate industries gone through a worst ever period. Due to the raising of property prices, failed in attracting adequate buyers for the apartments in the metro cities, project delays, lack of buyers confidence, implementing of GST for the transaction,etc. The ongoing Covid 19 pandemic has caused further deterioration of the real estate slump.
To boost the real estate industry, recently the government has already eased many restrictions for this sectors.
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Real estate has always been a safe investment option as land never depreciates. That being said the factors of demand and supply decide the real estate prices.
Real estate industry consists of various different activities, i.e., commercial vs residential, rental vs ownership, transactional vs appreciation, farm land vs non-farm land, etc., and the same is different depend on the situation in other countries.
In future we can find much demand on houses. As online business in various field are growing in a phenomenal manner, shopping malls may not be having a bright future for a longer period. Apartments that locates in a walkable distance of city market areas are having a bright future.
For the past few years, Population as well as the land price has been increasing and the people are now prefer in purchasing the flats rather than purchasing the land and constructing an independent house. Hence, in future real estate market market will boom in a rapid manner.
The economy has a major part to play when it comes to real estate markets.Due to the Covid 19, millions of people have lost their jobs, business and manufacturing sectors hurt heavily and still they are finding difficulty in recovering from the financial losses from the same.
The demand for the real estate is never ending. But for the time being it’s business future is unpredictable.
In future it may not be easy to thrive the luxury real estate segment. If the government supports the affordable segment of real estate, then this sector will boom will definitely boom with effect from 2021 in a rapid manner.
Investing in the real estate is always a good option provided the investment is for a longer period and we require great deal of patience and discipline to get a good returns for the real estate investment.
It is quire sure that the demand for the land, residential premises, and commercial spaces will increase in a drastic manner in future. Even though the price of the real estate is now stagnant due to non transaction of the same, the price of real estate will be increase in a phenomenal manner in future.
If we are investing our hard earned money for a larger monitory benefits, then it is better to invest either in Metro cities or semi rural areas where the property price will increase phenomenally in future.
At the same time long term investors are able to invest their money in a rural areas where they get the land and properties in a cheaper prices. They can utilize their money to buy a second home in such areas at low rates and take advantage of increasing realty rates.
Those who have bought a second home in full payment or after the completion of home loan, they can avail tax benefit on repairs & maintenance.
Now a days real estate tech companies are doing commendable job for the general public. Earlier this tech companies only offered us a list of apartment on sale. But now the real estate startups have building themselves up to provide solutions to all the problems faced by the urban populations. Their valuable information, input and providing solutions are widely helping the general public and they are able to keep the brokers away from the transactions.
Even though the demand of real estate is lesser than earlier, but still many global players are still investing in Indian real estate market because they are anticipating that business opportunities in India will grow further than further in future.
One of the primary issues occupants nowadays’ face is the flood of house proprietors who quote excessive aggregates as lease and store. Other than this, the proprietors make a major get worked up about the plan of an investment property understanding. To help tackle the most crude issues, an investment property the executives organization situated in Bangalore remains as an interface between a proprietor and their occupant.
While the proprietors are offered administrations like start to finish property the board and guaranteed rents, the occupants get online appointments, reasonable understanding and valuing terms, and an entrance to quality living.
In the aim of help the land purchasers, a portion of the land tech organization, for example, http://Housing .com are currently offering magnificent administrations for the individuals who have been chasing for a reasonable house.
Land is probably the most seasoned industry and that has been boosting the worldwide economy for quite a while. The procedures between posting a property and settling a negotiation include different checkpoints as partners, information sources, specialist co-ops, controllers and government organizations. Miscommunications, information unavailability, and exchange delays are a portion of the difficulties numerous realtors face on an everyday premise. Any answer for these moves needs to recognize the tangled system that the land business is.
In the same way as other different businesses, land it’s as of now experiencing a computerized change that is probably going to impact its future. On one hand, the new request originates from the accessibility of alluring resources and expanding costs. Then again it is thee changing desires for occupants that shape the business and cause significant changes. The market players are presently compelled to search for elective speculations, new plans of action, and various approaches to streamline costs. When they’re grinding away, they regularly use innovation for their potential benefit.
These days, there’s even a name for the huge number of tech advancements that have been upsetting land markets: proptech. In case you’re interested how proptech changes land and what are the current difficulties and openings, I strongly suggest this investigation by Future Mind.
Continuously the Solution comes through Innovation where the Problem exists. Land being Unorganized Sector and Highly Fragmented requires an Innovative Move now
