The evolution of real estate in India
Real estate market trends are changing rapidly and it influences our economy too. We know the importance of a home. It’s a shelter for us and also important for our social well being and it reflects the quality of our living. So the importance of the real estate field is really a influencing factor of our daily life and the growth of our nation . The history of real estate market trends in India starting from the 1950s – 60s for India’s low income group government focused more importance on the improvement of living conditions and to promote the importance of housing areas.
As a part of that government focused on infrastructure development and transportation and increased the connectivity between the areas. And as the demand increases new solutions are also developed thus new real estate market trends are formed. The introduction of private developers in the real estate field created a huge rise in the real estate field. They know the market needs and the huge opportunity in the field and started to invest in commercial and housing real estate . As its reflection government of India launched a subsidy scheme to low income people for their dream home ‘pradhan manthri awas yojana’ in 8 years ago
So the importance of the real estate field in a society is essential and it is a never ending opportunity. Till now the demand for real estate is high. The real estate market trends are influencing peoples living and also economical standards. People want to invest, buy or sell their properties but the shortage of trustable sources of information and credibility of the source is now a concern of people as per the real estate market trends of India changes.
There is the importance of a trusted real estate partner like GRAND HOMES. We are not only a trusted listing site, we consider our customers as kings . We value them . Grand homes can be a perfect place to find all the latest real estate information in Kerala in just one click and make your search easier. Our databases are from trustable sources so you can believe us blindly . We offer every kind of properties according to your priorities and wish we have properties ranging from budget friendly to ultra luxury too as your choice.
What happened to the real estate field in the recent years
In recent years the real estate market trends has changed and it faced so many ups and downs. The pandemic covid 19 created a huge impact on the Indian economy also the life of people as its reflection real estate sector too damaged and the peoples changed financial situations and the decrease in the growth of some sectors of our country shattered the real estate field. Now things are changing, people’s living standards are changing and visible growth is indicating our economy.
But the past 2 to 3 years after the pandemic really hit the industry. Also other factors like the demonetization,GST regulations, inflation have also decreased the growth but now all are on track now. Some environmental factors like climate changes are also badly impacted on real estate industry people now giving more concern about their safety from this changes the recent floods and the disasters like heavy rains that badly affected in some places the recent incident in bangalore is a clear example of this, by the heavy hot weather there created a large scarcity of water and it negatively affected the rental areas in bangalore
Apart from this so many positive things also happened in the real estate area. In the past 2 years, recently in the 2024 – 25 budget our finance minister announced that they are planning to build 2 crores of new houses in India as a part of pradhan mantri awas yojana. And in 2021 RBI unchanged the interest rate also positively impacted on Indian real estate market trends
The recent activity of SEBI that they implemented a real estate investment trust platform that allows everyone to invest in Indian real estate. Its impact is unpredictable, the industry will change, and a huge economic growth will occur. Also the governments of each states are planning to build smart cities in each states and it will open huge opportunities for the real estate industry and also for the developers . It helped the Indian real estate market trends really good.
The future trends in real estate industry
The real estate industry in India has a bright future, economic growth and the help from the governments are really helping the industry to move forward. The investment sector will make a really good growth in the economy. The new investment trust platform of SEBI will change the old drawbacks of real estate investment and create a big boom of opportunities and success. Infrastructure and urban development that boost the real estate field make a lot of job opportunities in India and creating more jobs will increase the living standards of people. The huge change in the real estate field will make a sustainable development in the society too and it creates a good society and also an economy.
Now the real estate industry is assisting modern IT technologies a lot. It’s a reflection of the future of the real estate field. The trend will increase in the future. The upcoming generation loves the online real estate trends more than the conventional type and the online real estate is the future trend. Trustable and genuine resourcesable listing websites like GRAND HOMES will be the future of real estate and modern technologies like virtual reality, augmented reality and the authenticity checking through online will largely influence the future customers. The trending digital marketing and online marketing trends will grow without a competitor. In our case the speciality of our site is the trust we create with our customers.
The data we provide is from trustable and genuine sources and the website design is also very easy to understand .We can educate our customers in an easy way . We are also ready to assist those who need it . you can just a click away from your dream. Our site is capable to identify the customer needs and we provide every information about the property and the extra description about the place and pricing too.you can easily proceed the process by just one click. Customers can easily filter the data and also sort it as you wish. We provide budget friendly properties to ultra luxury ones as your choice .
The excellence we create is not a goal to us it’s our standard. We are improving and adapting to new industry trends seriously and try to stay updated on trending industry trends. We are choosing the best strategies and technologies that are available now to deliver best results for our customers . Whether you are a first-time buyer or an investor, you can trust us as a friend and together we can succeed safely. We will make your decision making simple and fast because the future is so fast everyone are busy we can save your time and money.
Another trend that will be in the future is the environmentally friendly designs on buildings. Peoples are more concerning about the quality of living nowadays they hate the modern life busy and unhealthy atmosphere, for example the recent air pollution happened in delhi and the over polluted cities near us . So they prefer sustainable development that is close to nature so that the developers are creating projects with less impact on nature.And nature friendly. Also the new fast and eco friendly building techniques like 3D printing will grow in future. Experts are saying that the percentage of indian GDP from real estate sector will increase 1% in the upcoming 5 years.
