Indian real estate is going through a major transformation in the recent years. Some of the big decisions and new policies of the Indian Government have affected the real estate sector in big way, albeit in positive or negative manner. Few of the policy changes introduced by the government, such as demonetization, RERA, and REITs in 2016, followed by GST and FDI in 2017, have made huge impacts on Indian real estate sector. Apart from this, there are various other reforms anticipated by the experts in Indian economy, which may come into force in the coming time. However, the new legislation and trends that have come up in the real estate market have the power to reshape the Indian real estate sector for a long term and year 2018 can be a starting point towards the Indian real estate growth story. Here are certain trends that will set up the real sector in 2019.
•Real estate is poised to integrate technological innovations such as immersive virtual reality, machine learning and predictive analytics as a means of providing creative consumer experiences. These are also helpful from the industry perspective, since they help builders and promoters navigating market uncertainty. •The final major factor that will hugely affect real estate in 2019 and beyond is already here, and that’s affordability, or lack thereof. •In a competitive housing market, apartment landlords and builders have been engaging in an arms race for new amenities. Fancy gyms and rooftop access doesn’t cut it anymore. Today’s cutting-edge multifamily developments include movie theatres, dog runs, communal gardens, and access to co working space. •Although past few years have observed comparatively lower transactions in the residential sector, housing demand in the country is quite high, thanks to its ever-growing population size. •Real estate is poised to integrate technological innovations such as immersive virtual reality, machine learning and predictive analytics as a means of providing creative consumer experiences. These are also helpful from the industry perspective, since they help builders and promoters navigating market uncertainty. Sanali group is one of the most valuable and trusted real estate development companies. It is a pioneering developer of many high profile projects. The sanali group has achieved proven competencies in property, IT parks, shopping malls and retails and hospitality and leisure. Also, Check Sanali Group Reviews to know more about them.
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