Introduction: The real estate market in India is now showing a promising outlook. In
2017, the average property price in India increased by about 15%. However, the volume of
transactions did not increase proportionately. This is primarily because of the recently
implemented Real Estate (Regulation and Development) Act which aimed to curb the
speculative nature of purchases made for investment purposes while also protecting investors
from churning entities. A shortage of affordable housing has also been cited as contributing
factor. A shortage of affordable housing has also been cited as contributing factor. This is the
reason why, the cap on housing loans may be significantly relaxed, allowing buyers to
borrow up to 80% of the value of their property from banks and financial institutions. The
relaxation in banking norms will ultimately lead to an increase in demand for homes. The
real estate sector had slowed down significantly since demonetization was announced in
November 2016. However, with the implementation of GST, this sector has been showing
significant signs of a revival.
India’s real estate sector has had a phenomenal upswing in recent years, providing enormous
prospects for investors and companies like walkestate.com. With a growing middle class,
urbanization, and a burgeoning economy, India’s real estate market has been rising, reshaping
the country’s landscape and promoting unheard-of growth. In this article, we’ll look at what’s
causing India’s real estate market to grow and how walkestate.com might profit from it. In this
blog, we will delve into the various factors contributing to the growth of real estate in India
and explore the promising opportunities that lie ahead for the industry.
Governmental Programmes and Policy Changes: By providing a number of legislative reforms and incentives, the Indian government has significantly contributed to fostering the expansion of the real
estate industry. Affordable housing projects have benefited greatly
from programs like “Housing for All,” which have also given
developers like walkestate.com additional opportunities to meet the
demands of first-time homeowners. Additionally, FDI regulations that
have been relaxed have drawn in foreign investors, increasing capital
inflow and strengthening the real estate industry as a whole.
Growth of Foreign Investment: Due to its attractive profits and
stable economic outlook, the Indian real estate industry has attracted
an increasing amount of attention from foreign investors. overseas
investment has sparked joint ventures and other forms of cooperation,
enabling Walkestate.com to investigate collaborations with overseas
businesses and introduce cutting-edge real estate solutions to the
Urbanisation and Population Growth: India is one of the world’s
most densely populated nations, with a population of over 1.3 billion.
People are swarming to cities in pursuit of better job possibilities and
better lifestyles as urbanization continues to pick up speed. Due to this
tendency, there is a huge demand for homes in both major cities and
smaller urban areas, which is causing the real estate industry to
Foreign Direct Investment (FDI): Foreign investors have found
India’s real estate sector to be a desirable location. The construction
and development sector’s liberalization of FDI regulations has
provided new opportunities for foreign firms. As a result, the Indian
real estate sector has seen a consistent inflow of foreign capital, which
has encouraged expansion and innovation.
Technological Developments: India’s real estate market has been
profoundly impacted by the digital revolution. The way homes are
bought and sold has been revolutionized by online real estate portals,
virtual tours of properties, and digital marketing techniques. These
technological developments have enlarged the market for developers
and made it simpler for purchasers to compare different possibilities.
Infrastructure Development: The real estate market has been
significantly impacted by improvements in infrastructure, such as the
expansion of highways, metro networks, and airports. New growth
corridors that are attracting real estate development and investment
have emerged as a result of improved connectivity.
Digital Marketing and Technology Disruption: The way that
properties are purchased and sold has changed as a result of the real
estate sector in India adopting technological improvements. The real
estate industry has included online property portals, virtual property
tours, and digital marketing techniques. By introducing cutting-edge
technologies, improving customer experience, and using SEO-friendly
digital marketing strategies to reach a larger audience, Walkestate.com
can stay one step ahead of the competition.
Development of Infrastructure and the Rise of Smart Cities: In
India, various cities are experiencing extensive infrastructural
development as the idea of smart cities has gained traction. These
initiatives include the development of cutting-edge residential
communities, business hubs, and technological parks. walkestate.com
can make use of this chance to collaborate with governmental
organizations and support the creation of smart cities, positioning itself
as a key actor in the changing urban environment.
Growing middle class and aspirations of millennials: The demand
for high-quality residential properties has increased as a result of the
expansion of the middle class in India and millennials’ evolving
lifestyles and ambitions. To accommodate the changing desires of the
young and affluent homebuyers, developers are now providing cutting edge designs and advanced amenities.
Conclusion: For businesses like walkestate.com, the expansion of the real estate market in
India offers an exciting opportunity to grow and leave a lasting impression. The Indian real
estate market is positioned for a promising future as the economy continues to grow,
bolstered by government efforts and technological improvements. walkestate.com may
establish itself in this thriving and dynamic sector by keeping up with the most recent
developments, working with important stakeholders, and implementing creative initiatives.