Looking at the present real Estate Sector in India, it can easily be said that even the sky cannot be considered as a limiting point. It is believed that all the coming years and especially 2019 will prove to be a great year for the real estate sector. It is believed that with the overall economic growth of the country the real estate sector will see a growth of around 40 percent this year from the first time buyers. According to a survey, it was concluded that apart from the cities which belong to the category of developed cities, a lot of those cities and towns will also see the real estate investments where people hail from or plan to settle down on retirement.
No matter how poor or less earning a person is, he would always need a place to live securely. Irrespective of the size, every person dreams of owning a house of his own. So instead of renting a place, people will prefer to pay the loan. A lot of working is being done by the RBI on interest rates and hence, the mortgage rates won’t prove to be a big hurdle in the process of buying a house. Also, with the growing jobs, a lot of young people are moving out of their houses and searching for the new ones in new towns and cities. It is believed that the in the coming year the property rates, especially of the housing property, would decline at a great pace. And due to this the demand and buyers belonging to the middle class will increase.
Since the government is getting more liberal towards the investors, it is believed that a lot of Indian, as well as foreign bigwigs, will try hands by investing in real estate development projects. Also, as is the present scenario, the budget homes will be designed. Projects will be developed in such a way that a common man is able to lead a comfortable and luxurious life in his home. With the increasing trend of single families, more people will move out and look for independent homes. This fact itself proves that the industry is going to see huge growth. No matter how slow or inconsistent the pace is, growth is meant to happen in the housing real estate sector.
Talking about the commercial real estate sector, the investors have always considered this as a robust investment option. With the national as well as the global economy’s progress, there is no doubt the performance of the real estate sector is meant to improve in the coming year. The process of design and redesign will increase in the year as the technological developments will take over and will be incorporated by the real estate sector for their integral growth. So no matter if you are an investor or want to buy a house or property for using it, the coming year definitely has a lot of things in its kitty for you and makes your purchase enthralling.