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Top Indian Real Estate Segment Trends 2020

Top Indian Real Estate Segment Trends 2020

Presently, the Indian real estate sector has come a long way. This sector like others have been hit hard post demonetization. However, it managed to evolve successfully as the most sought-after sector in India. As per the prediction of the Indian government, this sector is growing well to become a USD 5 trillion economy by 2024-25. It is also said that the real estate sector is all set to about 13 per cent of the country’s GDP.  property in delhi ncr

 

Due to corona pandemic, the Indian real estate industry has witnessed a slow-down. However, it will soon overcome this phase. The Trade policy updates of Indian government including MahaRera (Maharashtra Real Estate Regulatory Authority) and RERA in other parts of the country also affected industry growth which will soon be a thing of past.

Government schemes introduced in the recent past such as “Housing for All by 2022” have significantly increased the demand for real estate in India. The government is making all attempts to set a positive economic change in the sector. real estate companies in delhi ncr"}" data-sheets-userformat="{"2":6332,"5":{"1":[{"1":2,"2":0,"5":[null,2,0]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"6":{"1":[{"1":2,"2":0,"5":[null,2,0]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"7":{"1":[{"1":2,"2":0,"5":[null,2,0]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"8":{"1":[{"1":2,"2":0,"5":[null,2,0]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"10":2,"14":[null,2,0],"15":"Arial"}">real estate companies in delhi ncr

Here are top trends for the Real Estate segment for year 2020:

1. Expansion of suburbs for residences

Many reputed builders such as Rishabh Builders have understood the increasing need for developing real estate projects in the suburbs. This can help tacking issues related to complex urbanization and other city related problems including traffic, pollution, stress etc. 3 bhk in indirapuram

2. Commercial Hubs

India is also witnessing significant growth in startups and businesses. This has increased overall demand for commercial office space. A recent study by the CBRE South Asia suggests that practically 40 million sq. ft. real estate expansion will be new commercial spaces for year 2020. real estate developers in delhi ncr"}" data-sheets-userformat="{"2":6332,"5":{"1":[{"1":2,"2":0,"5":[null,2,0]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"6":{"1":[{"1":2,"2":0,"5":[null,2,0]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"7":{"1":[{"1":2,"2":0,"5":[null,2,0]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"8":{"1":[{"1":2,"2":0,"5":[null,2,0]},{"1":0,"2":0,"3":3},{"1":1,"2":0,"4":1}]},"10":2,"14":[null,2,0],"15":"Arial"}">real estate developers in delhi ncr

3.Good Investment Option

At present, real estate is definitely an investment option. Experts from the industry believe real estate to be the best investment option for the year 2020. Although the corona pandemic has hit the market badly, things are predicted to get back to normal once the fight is over. Lack of land resources and the rising demand for the same will increase property prices in the near future. Investors can definitely benefit from investing in real estate in 2020 and thereafter. You can think of investing in a flat in Vaishali or nearby suburban areas. flat in indirapuram

4. New Government Policies

The central government of India in conjunction with other state governments has taken ample measures to ensure reliable and transparent real estate operations. These attempts have led to the introduction of various acts and reforms including: 

- Real Estate (Regulation and Development) Act, 2016 (RERA)

- GST

These have not only improved overall operations of the real estate sector but also won trust of investors nationwide who had been suffering from issues related to delays, frauds and many more. flats in delhi ncr

The government had granted infrastructure status to budget housing properties. This has significantly increased the demand by a huge margin nationwide. The central and state governments had given single-window approvals which resulted in ample growth of the Indian real estate sector. 

 

Website:https://www.rishabhgroup.co.in/
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