Tuesday, February 23, 2016

Indian Real Estate at a glance; Should I Invest Now?

Indian-Real-Estate-Key-Points-Reviews-2016
What are key points to take before investing on real estate in 2016
At the onset of the year 2016 everyone seems to be eying on the real estate sector thinking that there will be some revival with so many efforts from the government’s end. The realtors have also being expectant and many efforts were seen in in the last couple of years to push up the sales. There were similar efforts to keep the inventory levels low and in reality also this happened to a great extent as well. The inventory went down in many cities like Bangalore where the unsold stock was registered to be low at 2.2 percent but in cities like Mumbai, NCR and Delhi the unsold stock was noted to be high. In few other cities again the unsold stock was low.
If you think of the end users and the buyers there was a cautious approach noted in them in the last few years followed by a controlled supply quotient. This was augmented by the sales efforts and the promotional measures of the government but in many instances the real estate developers failed to deliver the expected results. This resulted in a lull and subdued enthusiasm levels from the buyers. But setting aside all of these in retrospective let us see what the situation of the Indian realty sector is, at the present moment.

At present what’s the realty sector like?

The realty sector being the largest sector generating the second most employment after agriculture is expected to grow by 30 percent in the coming decade. At the same time it is also expected that it will attract even more investment from the Non Resident Indians in both short and long terms.
The sector has surely gone through a metamorphic change in the last decade and a half with the face of the industry changing. The global industry players, be it in the IT, ITeS, retail or commercial sector has increased fourfold. The economy is also noted to shift from un-organization to organization in sectors like the retail, IT, etc. with increased interest of the multinationals and global brands to open outlets and offices in India. The mindset of the people has also changed with all trying to own houses rather than living in rented houses.


In the ensuing times the experts predict that more growth is expected in the Tier II and III cities like Indore, Lucknow, Patna, etc. and the metros like Kolkata, Bengaluru and Chennai will witness comparatively lesser growth.