The Projected Trends in Real Estate In Coming Years
The real estate market in India is apparently at a boom and reportedly this is going to rise even higher, considering the economic growth projected in the country. There are several changes that could be observed in the coming days in the real estate Industry and those would be because of the repercussions from the change in the market.
The country shall experience increase in global investments. Real estate has experienced equity investments from foreign investors at many occasions, however the prediction is that there can be a significant increase in the number of global investors in the indian real estate market. The increase in the number of housing projects in Kanpur has been so huge because the foreign direct investments.
The business models of the developers will see a change throughout the nation. The early business model has technique to manage the supply as per the demand. The new models will try to increase the demand through their surplus supply and affordable prices. No sooner people will be able to get the best address in Kanpur on real affordable prices.
Co working spaces would be the next big thing in real estate business. The residential and industrial real estate has been a story running for long now. With the trend of start up businesses using co working spaces with other companies is inspiring the real estate developers to make them in more and more numbers.
Affordable housing is going to be the thing of the future, as previously the housing sector did not give any breathing space to the customers in the matters of pricing. Earlier the business used to be in favour of the demand and hence the prices were always higher than affordable, however with the changing business model the supply would be the driving factor. This will bring the prices down for the housing sector of real estate market.