Wednesday, 12 October 2016

How Is Real Estate Catering To Evolving Needs Of Indian Residential Buyers?

Buying property in India has progressed in different ways that has a prime focus on the development of country’s infrastructure. Investors from all across the world are now showing interest in India’s economic growth leading up to the current real estate projects, which are no longer confined to the category of affordable housing. The growing economic prosperity has opened several doors for buyers who are fascinated by almost all of the segments of realty industry. Particularly, the Indian luxury housing market is the one that has gained a lot of momentum since the downfall of real estate website and business a few years ago. This segment has given new hopes to developers as they can work upon introducing innovative projects keeping in consideration the changing demands of buyers.

Here are a few examples depicting the alteration in real estate that is definitely here to stay-

Branded residential properties
Residencies that fall under the category of any particular famous brand are being given more preference than the regular ones. This trend has come into action since last 2-3 years because exclusivity of projects has become quite essential for buyers who are spending a large sum of money. Developers who have established themselves in the luxury housing segment are witnessing this rapid change and using their capabilities to build attractive projects. A norm that is active these days is the demand of utmost luxury in the branded residential complexes, which helps buyers to differentiate between different segments of housing. 

Global funds empowering builders
Funding has always been a major concern by real estate builders whether it is a residential or commercial property segment. However, the issue that has been resurfacing from quite some time now is being tackled by renewed funding options that are available these days. One of the most talked about options is supply of funding from global investors who are keen to bet money on a rising economy, which is Indian realty industry. Backed by the large scale investments coming from global sources, the residential market of real estate in India is experiencing an all time high these days.
When talked about the future of residential property of the country, all eyes are turned to the government to contribute in the ongoing development process. By reevaluating most of the policy measures, the organizational bodies are trying to bring a much-needed change in the expansion of diverse segments of real estate. An example of this growth is a step taken by government to ease out external commercial borrowing (ECB) regulations in order to make housing segment more organized for future deals.
Through these dynamic steps in the real estate industry of India, it is quite evident that both government and developers are trying their best to offer best deals for buyers. This situation has emerged from a decade of sluggish growth and planning structures that were going nowhere. However, the scenario looks completely different now and is on a path to redefine the realty business of the country. Buying residential property has become fairly easy for investors and this development phase is likely to continue for more years to come as the country is stepping forward. These steps will enable Indian buyers to pick out and invest money in a property that is best suited for them irrespective of its segment.

Saturday, 8 October 2016

Why India Needs Regulatory Reforms to Manage Real Estate Industry?

Government’s role in legalizing and authorizing real estate reforms has been crucial. In a country like India, where most of the markets are unpredictable, there is a need for organized management of resources. Real estate being a new entrant in the ongoing completion has a lot to work upon undoubtedly with the help of government actions. Regulatory actions are a part of constant development making sure that there are no forgeries in any industry and this is the reason why most of the countries are now relying on legal reforms. 

When it comes to unfair means of businesses, real estate sites in India,  is not an exception. In fact, over the past few years, there has been an increase in such business activities and the reason behind is the bombardment of numerous investing options among buyers. There are instances where investors are often lured into fake deals, which ultimately results in a huge amount of loss that is almost impossible to recover. Apart from such activities, there is also a lack of rules & regulations, which needs to be introduced by the legal authorities. It wouldn’t be wrong to say that India has been lagging behind in all the expansion related reforms, which is now becoming need of the hour.

How are regulations being sorted?
After the legislation passed Real Estate Regulatory Bill of 2016, there was a lot of buzz about the future of such acts by the Indian government. This step was not only an introduction of rights for both the parties, but also a new step into the direction of becoming a well-organized country. Real Estate Investment Trusts (REITs) is one such step in the existing norms of real estate property in India. (REITs) provides investment funds to developers according to the availability of a project. The investment vehicle introduced by Indian lawmakers is a revolutionary step, which aims at reducing chances of money laundering.

Apart from these measures, government is leaving no stone unturned by investing their time in the reforms related to Foreign Direct Investment (FDI). The housing sector gets benefited by it as lawmakers are trying to build more employment opportunities in sectors such as townships, apartments and other development projects. click here

A promising future
With the help of aforementioned regulations, the future of Indian real estate looks quite hopeful. The policies are enacted not only to help out the buyers make right decision and use them in case of any falsification but also for the developers who have needed it from time to time. After the global financial crisis of 2008-09, there has been a sense of alarm within the people operating in this industry. The sudden backlash made was handled with a vision of creating a better infrastructure by keeping in consideration the current market situation. Therefore, with the help of such downfall, the Indian economy picked up itself and now looks forward to an optimistic future of flawless transactions in the real estate business. Despite this unpredictability in the market, investors and developers are hopeful for long-term aspects of the realty sector. Apart from that, government has also revamped its faith in the property sites and hopes for a more profitable and stable market ahead.