Asif Balwa DB Realty- Future Expectations from the Real Estate Sector of India

Policy reforms within various sectors have propelled India’s rapidly growing economy even further. The interest of investors is also expected to increase as the ease of doing business in India also sees an improvement. India, thus, continues to hold its position as the fastest growing economy in the world. Cities in India are witnessing a thriving market due to firms such as DB Realty operating under leaders like Asif Yusuf Balwa.

The database of IMF also suggests that India’s contribution to world growth has increased from 7.6% during the years 2000-2008 to 14.5% in 2018. As mentioned earlier, one of the reasons for this can be the pro-reform policies by the government. These initiatives can positively impact the equity market and investment inflows. Other factors are improved cutting-edge technology penetrating every sector, demand-supply dynamics, the change in ranking in terms of ease of doing business, and the recovery of the market from earlier policies such as the Goods and Services Tax, demonetisation and RERA.

The year 2018 broke records in terms of office space absorption across the nine leading cities. It was also a landmark year for the warehousing market that saw a huge growth in terms of overall absorption, mostly concentrated in Mumbai, Delhi-NCR, Bangalore, Chennai and Hyderabad. The retail sector is also not far behind, with many new retail developments becoming operational in many cities in 2018. The southern cities were at the forefront of the supply, led by Hyderabad, Chennai and Bangalore.

After the events of various government policies, the residential market is rising back up as well. It was better placed in 2018 due to the reduction of speculation-led investment. Besides, financial checks have also been put in place. This will help prevent over-gearing. An improvement in the supply-demand scenario is also expected, and unsold inventory levels may decline. Alternates such as student and senior housing and co-living are garnering attention as well.

While the extent differs, there has been growth amongst all the sectors. This will impact real estate as demand for office and working space increase, especially among upcoming sectors such as logistics, e-commerce, retail etc. The advent of technologies that enable advancements such as augmented reality, artificial intelligence, robotics, blockchain and internet of things may actually change the building blocks of the real estate sector. More efficient ways to do tedious work by automating and reconfiguring workspaces can go a long way in boosting productivity, not only within the sector but in other sectors as well. Smart buildings and smart cities will be another suitable change that will allow better solutions.

For more information about the Indian economy and updates about the real estate sector, browse the internet with a quick search. According to prominent real estate leaders like Asif Balwa, Wikipedia and other credible sources must be taken into account to get the latest updates regarding this. 

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Created on Jul 5th 2019 01:55. Viewed 426 times.

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