Land turns into gold if left for some time', investment in land and housing never disappoints you. With the mounting economy of India, there has been an immense boon in the real estate sector. The trends in the real estate vary in accordance to the modification in the government policies as they are directly proportional to each other. A person engaged in the deals of real estate must be updated with the latest trends of the sector.
Latest Trends in Real Estate
The trends that have brought changes in the Indian real estate market and have made it more profitable are:
- FDI Policy
- Easy banking
- Live Property Valuation Index
- Global Interest
Government of India has adopted a significant stand regarding FDI (Foreign Direct Investment), which has drawn a number of countries towards investment in the Indian Real Estate. India has been able to hold the position of second-most favored FDI destination by successfully displacing U.S.
Due to relaxation in the rates of bank loans, more people have started to invest in the real estate. Also the formalities of the banks have been reduced considerably that has eased the investors.
Live Property Valuation Index:
It is property valuation Index, which is being developed by NAR (National Association of Realtors). It is an index created on the similar lines of Stock Exchange Index, which will reflect the assessments of properties in various parts of the country. This index will serve as a guide to the real estate investors
With the rise in economy more and more global investors are setting their foot in the Indian Real estate. A London based company is making plans to host an event that will showcase various residential projects of India to the British investors. This will bring a boon in the realty market. The growth of real estate is directly proportional to the rise in the economy. Factors that lead to rise in Indian Economy are:
- The entirely positive attitude of Indian government has played an integral role in bringing sudden increase in the Real Estate Sector.
- The interest of people in cities other than metro has also lead to rise in the real estate sector.
- The booming mall culture have also added immensely to the rise of the economy and hence the real estate sector.
- Income rise of the middle class
- Boom in IT and ITES sectors
All these factors have led to extensive rise in the Indian real estate sector. The trends that you have become acquainted with will help you to know better about the present scenario of the Indian real estate market. Also they will help you invest wisely in this ever growing sector.