Vinod Goenka Explains - Is a real estate investment a good decision in the current climate?

by Dynamix Group Writer

The real estate market has been expanding over the last few years, with increased consolidation and compliance to best practices. With the introduction of Real Estate Regulatory Authority Act (RERA) and key governance measures, there has been greater demand for more reliable developers.

Customers are also opting for value-driven properties that offer more for their investment, according to industry veterans such as Vinod Goenka. Additionally, there is greater emphasis being given to amenities, specifically those around enhancing communal interactions within the complex.

Greater compliance for increased trust

RERA & GST have increased the compliance load on the builders and real estate developers across the country. It has also enhanced the level of trust that buyers can have with developers that are registered.

While on-ground implementation may be different from state to state, the Supreme Court is actively seeking the status of the implementation within regions. These initiatives and actions are aiding in the level of trust generated within the real estate sector.

Vinod Goenka, DB realty, and others suggest buyers take advantage of these compliance measures as they’re designed to protect home buyers in the market. These measures are enabling everyday home buyers to enter the real estate market.

It’s becoming a safer investment avenue, with more developers registering projects with the concerned bodies. Buyers can gain access to more information about these registered projects, as well as invest in them through attractive schemes and programs.

These factors have contributed to the growth of the real estate sector, across commercial hubs, private homes, apartments and luxury villas. There are positive stories emerging across major markets.

Enhanced transparency throughout the process

The government has taken strategic actions to ensure that buyers have access to all the relevant information needed about the project that they’re investing in. Through the introduction of RERA compliance, registration and RTI, there are greater strides being made in empowering the home buyer.

With the increased transparency in the real estate sector, this year is as great as ever to invest in the market. There are many projects being developed across multiple tiers of housing and commercial buildings. Transparency is uplifting the complete buying process, with more information being available from research to registration.

Greater access through technology

Consumers have greater access to key technologies, including apps, platforms and marketplaces, to make an informed decision about the real estate space. In fact, now is the perfect time to buy a home or invest in the right project, owing to the plethora of options to choose from as a buyer.  

Technology is also empowering both sides of the table, by giving more data to developers and more information to customers. Home buyers are increasingly looking towards industry leaders, such as Vinod Goenka, to shine greater light on how technology is playing an important role. From IoT to smart security features, digitization and automation is increasing the value that customers are seeing in the housing market.

Focus on affordable housing

There is renewed focus being given to the affordable housing sector, with the reduction of construction time and increase in basic amenities provided. The number of houses being developed has increased significantly, and this year’s budget has proposed more investment in this domain.

There are also significant tax incentives designed specifically for the sector, with greater access to loans and home financing. Affordable housing is a booming segment within the real estate sector, which investors can take advantage of this year. The year is set to outperform the previous one, especially in key markets leveraging extensive infrastructure development. 

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Created on Jul 25th 2019 04:23. Viewed 1,087 times.

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