INDIAN REAL ESTATE SECTOR SET TO REACH MARKET SIZE OF $180 BN BY 2021

According to a report titled ‘TRAVERSING THROUGH THE EPIC, PREDICTING THE CURVE’ by CREDAI (in association with JLL), Indian real estate sector is expected to reach a market size of $180 bn by the year 2020 (which was $126 bn in 2015).

Godrej Ananda

Remarkable facts revealed by the report

The contribution of the housing sector to GDP of India will double from 5-6 % to 11 % by 2020. Some of the inevitable factors that will drive this growth are, demand because of rapid urbanization, regulatory reforms, rising household income, demand for household and nuclear housing. Godrej Ananda is an upcoming residential apartments in Bagalur Road, Bangalore with all the class amenities for the residents of the property.

Seven trends that will change the Indian Real Estate Sector

Real Estate Regulatory Act (RERA): RERA is believed to strengthen the Indian Real Estate Industry by knocking-off unscrupulous developers. And, small developers (Tier 2 and Tier 3 cities) could tap into institutional funding.

FDI (Foreign Direct Investment) Policy: Debt investments and private equity have increased by 12 % across 79 transactions in 2017 in the real estate industry. Since 2014, investment inflow in the residential sector has increased to INR 59,000 Cr. In Tier 1 and Tier 2 cities, investments in retail sector projects reached a whopping $6.19, between 2016-17.

GST (Goods and Services Tax): Cost savings (on account of GST), is estimated to be around 3-4 % in the coming future. This report also acknowledged selected cities and calculated their potential to be the next growth center of logistics after the GST introduction and implementation. 

Affordable housing: generate Avenue for developers and investors to make a notable and strong presence in the real estate industry. 

REIT (Real Estate Investment Trust): REIT-able office stock (over 20bn worth) in India with a rental yield up to 7.5 % makes Indian Real Estate industry very attractive in the global market.

Technology and Use of Prop – Tech: There are four upcoming technologies that will subsequently bring the technological revolution, i.e. big data Analytics, Internet of Things (IOT), Artificial Intelligence (AI) and Blockchain.

Alternative Asset Classes: The real estate industry will benefit from specializations that are currently down. Some high growth assets in the next decade will be student housing, senior living, and healthcare.

Suggested Topic:

HOW BANGALORE REAL ESTATE IS RISING LIKE A ROCKET?

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