In the past few decades, the Indian real estate market has grown at a rapid pace, with the demand for residential and commercial properties rising at a much faster pace than supply. However, the Indian housing scenario is changing, with less than half of the total population owning homes. This new dynamic, coupled with changes in government policies, could make the Indian real estate market one of the best places to invest in the coming years. Are you looking to invest in Indian real estate? Then, this blog will give you an idea of why you should do so.
According to Outlook Magazine, It is estimated that the real estate market will reach a market size of US$ 1 trillion by 2030. This will contribute to almost a whopping 13% of the country’s GDP by 2025.
The Indian economy is growing, and the economy is at an all-time high. The real estate market is booming, so if you’re thinking of investing in real estate, now is a good time. According to some recent reports, the Indian economy is expected to grow by 9% this year, and the realty market is set to grow by 20%-30%. With the economic growth and the realty market growth, real estate is getting expensive, and there are many new projects coming up.
Types of Real Estate available for investment
1. Residential Real Estate
Residential real estate – Best time to Invest in Indian real estate marketThese are housing properties for living space. They are home spaces like apartments, townhouses, villaments, bungalows, and individual homes. These are the most popular real estate investments any normal person would make.
According to Balance finances, residential real estate is the best investment of all as it creates ongoing passive income and also is a marked long-term investment.
2. Retail Real Estate
Retail real estates are mainly constructed for the selling of goods and entertainment purposes. These properties include shopping malls and various other shops to carry out the business of selling goods.
Financial express states that organized retail is expected to grow and double by 18% in 2021.
3. Commercial Real Estate
These properties are constructed solely for business purposes. Buildings like corporate offices, medical centers, warehouses, shops, hotels, and much more come under them. The value of commercial real estate property combines with the value of the land property and the cost of the building being constructed from scratch.
4. Industrial Real Estate
These are purely for industrial business activities. Few examples of industrial real estate are mechanical productions, large warehouses, transportation and logistics, automobile construction, medical research centers, and more. Industrial real estates are more focussed towards the processing and operation of developing goods.
This is the base of all the real estate properties. Buying plain lands is also a popular means of acquiring real estate property. Land real estate is defined by clear spatial boundaries.
Indian Real Estate Market and general buyer behavior patterns
According to Hindustan Times, Indian Real Estate Market contributes to about 6 to 7 percent of India’s GDP. India’s rapid growth and development have given rise to an expansion in the Indian real estate market, no matter the situation. Residential real estate, commercial real estate and land buying have always been among the highest sectors in the Indian real estate market for ages. Many developed countries like the US and the UK still live on rents, whereas Indians have always preferred to take ownership of properties they stay in. This gives rise to consumers buying residential properties endlessly and will always be in demand.
With the fast-paced growth, urbanization, and westernization that India prefers in terms of occupational development and entertainment, retail and commercial real estate sectors are bound to do well. India is a hub of many businesses.
Construction Week states that ‘ In India, commercial property has grown at a 16 percent compound annual growth rate (CAGR) over the last five years.
There are a plethora of business activities that almost all parts of India indulge in, and it is evident that commercial real estate is flourishing.
The Real Estate Regulation Act (RERA) and the Good and Service taxes (GST) brought in by the government are aiding proper regulation of the real estate sector in India.
Why is it smart to invest in the Indian real estate market right now?
India is urbanizing at a fast rate. Nuclear families and rapid urbanization are likely to take over. The demand for all kinds of real estate sectors is at its peak henceforth. Saving money in the bank is stagnant money. Gold rates may drop and increase and are fluctuating constantly. While businesses have a high risk of failures, real estate sectors are comparatively safer and the best option to invest in currently. India Ratings and Research (Ind-Ra)says, ‘ the Indian real estate sector may stage a sharp K-shaped recovery in FY22.’
Real estate in India has comparatively low risk but high returns. Post the covid situation,many International countries are willing to invest and barge in into the Indian economy.Given that it is evident that grabbing the real estate sector and making the best use of it is the best investment. If not now, then when?
The Government of India has also started to actively indulge in the real estate sectors of India. The residential sectors are expected to grow exponentially, with the central government willing to construct 20 million affordable housing in the urban cities by 2022. This increase in residential areas will gradually give rise to the demand for commercial and retail real estate properties and their development. It is to be noted that the stamp duties for property registration have been reduced to half in most of the states in India on the basis of the Indian government’s request.
Investing in commercial real estate at MOI
SPR Group is a leading real estate developer. SPR offers luxurious residential properties like apartments, villaments, and bungalows. Not just that, but it is also a leading commercial property developer. SPR’s innovative and exclusive Marker of India project is breathtaking.
The market of India is India’s first and largest wholesale commercial center. It is the first of its kind in the town. MOI has 5000+ shops, 180+ offices with world-class infrastructure. It is going to be the hub of businesses, and anyone who invests in building their business here is undoubtedly expected to reap benefits. Named after colloquial markets like Parry’s, Ritchie Street, Mint market, MOI will be as lit as these places but only sophisticated with ample parking spaces, a highly hygienic environment, and a pleasing arena.
The Indian real estate market has always been on the rise and will never lose its grind and charm. If you are looking forward to expanding your assets and developing a sustainable income for yourself and your family, investing in real estate is the best thing you can do.
Do you think that you should invest in Indian real estate? Are you ready to take a look at the SPR City Market of India, the largest commercial real estate? Well, then drop by as you will be convinced to invest in it. If you have any queries or regards, let us know in the comments section below.