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Property Growth Index

 Introduction

Real estate sector is one of the most globally recognized sectors. It comprises of four sub sectors - housing, retail, hospitality, and commercial. This sector  will incur more non-resident Indian (NRI) investment, both in the short term and the long term. Delhi ncr specially #DwarkaExpressway is expected to be the most favored property investment destination for NRIs, followed by Bengaluru, Pune, Chennai, Goa, Delhi and Dehradun. UAE, USA, UK, and Canada are the biggest source of NRI residents who invest in India, with 42% of the total inflow coming from GCC alone. Even after having spent a significant part of their work life in these countries, citizenship is not an option available to Indians based in the Gulf region, which brings them back to India when it comes to investing in assets like a house.




Development
By 2040, real estate market will grow to Rs 65,000 crore (US$ 9.30 billion) from Rs 12,000 crore (US$ 1.72 billion) in 2019.In the past the investment decision has been across residential, commercial, and retail real estate, largely to benefit from returns in form of rentals, but today most enquiries have come around residential properties and primarily for end-usage. Today the demand is not limited to luxury properties only, buts cuts across segments starting from affordable and mid-segment housing to premium.
Image : Francesca tosolini

Future

There has been a steep rise in demand for ready-to-move-in inventory in projects that offer safety and protection in addition to ensuring availability of lifestyle essentials. Rise in demand for ready to move in houses or near-completion projects has largely surfaced from the deferred deliveries related to under-construction units.The Securities and Exchange Board of India (SEBI) has given its approval for the Real Estate Investment Trust (REIT) platform, which will allow all kind of investors to invest in the Indian real estate market. It would create an opportunity worth Rs 1.25 trillion in the Indian market in the coming years. Responding to an increasingly well-informed consumer base and bearing in mind the aspect of globalization, Indian real estate developers have shifted gears and accepted fresh challenges.
As per experts this is the right time to invest in #RealEstate market.




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