Key Trends in Indian Realty Sector to Watch Out For in 2020

The Indian real estate sector is poised to see a tremendous change from its traditional approaches due to increased demands and the introduction of new regulations like RERA, GST, etc. With policy reforms, increased workforce, the advent of new technologies, and people’s inclination towards investing in property, the Indian real estate sector is growing substantially.

Key Trends

Smart Cities

• Smart city projects launched by the government could be one factor among others that could fuel the growth of the realty sector in India.
• Infrastructure development in tier 2 and tier 3 cities along with steps taken by local governments to provide basic amenities like water, electricity, transportation, etc. will add to the growth of the real estate sector in these cities.
• Development of townships and residential projects in cities to meet the demands of home buyers. For example, people are looking for new apartments in Hyderabad as the city is witnessing a spurt in demand due to rising job opportunities here. 
• The focus should be on affordable housing and developing a conducive environment for day to day life. 

Co-working Spaces

·         With the recent wave of rapid expansion of IT companies and startups in the country, the demand for shared office spaces has been on the rise. Top Indian cities like Bangalore, Delhi, Mumbai, Hyderabad, etc. have witnessed huge growth in demand for office spaces.

·         Keeping pace with the demand, the market for co-working spaces in the country is on the rise. By this year, the demand is expected to reach a staggering figure of 7-9 million.

Affordable Housing

·         Housing demands remain tight in the affordable segment.

·         Projects launched in cities where basic infrastructure is in place are in high demand such as people are looking to buy a flat in Hyderabad as the city is equipped with modern and high-class infrastructure. 

   As the income is rising among masses, especially young working professionals, the demand for affordable housing will see a surge. 

These trends coupled with others are going to be trends in the coming times. Many builders have forayed to cash on the opportunities available in the market. N K Realtors, one of the leading real estate companies in India is building world-class apartments and 3 bhk flats for sale in Hyderabad and other cities of India.

If you are planning to buy property in Hyderabad, then it is the right time to invest your money. As we all know the realty market in the city is on the rise due to various infrastructure-related projects and availability of jobs. On top of that, the opening of the Hyderabad metro train also contributed significantly to the rise of the real estate market. N K Realtors can fulfill your dream of having your own home.