Shahid Balwa DB Realty : The Shaping Years Of Real Estate In India :2018-19

2018-19 has been transformative for the real estate industry in India. From fostering a favourable environment for affordable housing to embracing the impact of GST and demonetization, the common man has come a step closer to making their dream home a reality. This is supported with improvements in access to financial aid and development of the organized real estate market in India - pioneered by industry veterans including Shahid Balwa.

The real estate market today is evolving at an unprecedented rate. Following an impressive 8% growth rate per annum, the sector’s value is estimated to multiply several times by the end of 2020. This momentum is driven by rapid urbanization and a considerable growth in demand for properties in tier 1 and tier 2 cities including Bangalore, Mumbai, Hyderabad and Chennai. By investing with a trusted real estate developer such as Shahid Balwa of DB Realty, you can be assured of favourable returns on investment along with best in class facilities.

Apart from the premium segment, the affordable housing sector in India has also witnessed a major push. Owing to several positive initiatives by the government in recent years, the idea of ‘Housing For All’ seems much closer to reality. As part of the Government’s Housing for All by 2022’ scheme, additional funds have been allocated to push Pradhan Mantri Awaas Yojna and also extend the CLSS (Credit Linked Subsidy Scheme) for loans up to Rs. 12 lakhs. The Pradhan Mantri Awaas Yojna alone aims at building 20 million affordable homes for the urban poor by 2022. The Union Budget also declared a new CLSS specially designed for the mid- income group.

Other policy amendments have also played a major role in transforming the real estate market. Initiatives to rid the economy of black money, improvements in construction regulations and the important establishment of Real Estate Regulatory Authority (RERA) have helped attract investors and aspiring homeowners alike. This is evident in the tremendous growth of foreign direct investment in India’s real estate.

Alongside the affordable housing segment, the luxury division has also shown a significant upward movement. As buyers become more and more aware, service and aesthetic appeal are gaining predominance as key differentiators. With this, the premium and luxury-housing segment is on its way to becoming the key driver of the real estate market in India.

With the combined effort of legislative support, financial assistance and increasing urbanization, both affordable and luxury housing segments are destined for rapid growth. Increasing investment and foreign interest in the sector are aiding the development of high-quality construction by leading builders. This gives potential homebuyers attractive options to choose from. Further support is available in the form of easy access to financial aid, policy provisions and government assistance. Similar to the idea of gold, investing in real estate is invariably associated with positive returns. This makes it the perfect time to make a real estate investment so you can enjoy favourable returns tomorrow.

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Created on Sep 9th 2019 04:48. Viewed 703 times.

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