4 Trends from the Indian Real Estate Market in Jaipur
4 Trends from the Indian Real Estate Market in Jaipur. The future for the real estate sector in India is promising. The upcoming years hold more investment opportunities, seamless integration of regulatory reforms, and increased profitability for developers, and most importantly, better experience for home buyers. Get big 2 bhk flat in Jagatpura Jaipur and shift next day.
Here are 4 trends in the Indian real estate sector:
2020 has been a profitable year
The Indian real estate sector witnessed high profit in 2020. The sale of residential flats saw a 25% year-on-year (y-o-y) boost in top cities this year. Also, corporate leasing activity increased to 54% on a y-o-y basis.
More investment opportunities
The Indian real estate sector is also eyewitness development in the investment domain. A high number of foreign buyers and investors are interested in the Indian real estate sector. India has ranked 4th for FDI (Foreign Direct Investment), which is a clear indication of the growing interest of foreign buyers and investors.
The increased transparency in the country’s real estate sector led by regulatory reforms is speculated to be the key driver of more foreign investments.
The Indian real estate sector is speculated to grow at an unprecedented rate
Yes, you read it right! The valuation of the real estate sector in the country is expected to reach $650 billion by 2025. Two key factors, including co-working spaces and affordable housings, are expected to drive the projected growth. Also, the country’s real estate sector is expected to further grow to $850 billion by 2028.
Disruptive technologies are shaping the sector
Disruptive technologies, including Block chain, Virtual Reality and Artificial Intelligence are likely to impact the way the real estate sector works and will improve the client and property management experiences.
For instance, Block chain technology has the potential to improve land record-keeping and ownership rights. Using Block chain and other technologies, developers can improve interaction with potential customers as well as provide better products and services.
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