Major Trends in Indian Real Estate

Buying a villa in Coimbatore is an important decision that can be influenced by different factors, including the trends in Indian real estate. Knowing these trends can help you plan and make informed decisions when purchasing land, a new home, or a luxury villa in Coimbatore. The trends are expected to reshape or mold Indian real estate from 2017 and the upcoming years. Here is an overview of some of them:

Indian real estate’s global capital flow is expected to increase further – The Indian property market earned $32 billion in private equity. In 2016, the global capital flow was at $5.7 billion. Despite economic uncertainties around the world, private equities remain healthy in 2017 due to the modernizing and robust economy. India continues to be reputable destination among local and global investors due to its transparency, better consolidation, and the availability of Real Estate Investment Trusts (REITs).

Affordable housing – Reputable developers continue to design and build high-quality and reasonably priced housing projects in areas where real estate is thriving. Coimbatore is one of the areas that is attractive to both developers and real estate investors. Seasoned developers can even help you purchase a villa in Coimbatore by arranging home loans and DTP approval. Moreover, NHBs (National Housing Banks) have introduced refinancing of mortgage, and the criteria for affordable homes was revised to 30 square meters in metros and 60 square meters in non-metros on carpet instead of the saleable area.

Environmentally friendly homes – Some developers prioritize the building of smart homes and villas that come with green amenities, like solar water heater and plenty of windows. They are building green communities that are cleaner and healthier for raising families, too.

Industry consolidation – Many developers have experienced sluggish sales and minimal financial prudence, and this resulted in consolidation, which enabled joint ventures and developments between small developers and landowners with more experienced market players.

NRIs investing in homes – Non-resident Indians continue to invest in a villa in Coimbatore and other properties, even when the market is slow.

Developers are changing their business models – Many units were sold in 2016 despite the low amount of launches for new residential projects. The Real Estate Regulation and Development Act enforces accountability requirements and transparency for developers to boost the confidence of buyers in their projects. Apart from that, the Benami Property Act and the Goods and Services Tax are impacting developers and the way they run their business.

R.Deepak Vignesh Var is the B.E J.D of Jrd Realtorss. Jrd Realtorss is one of the best Builders of Villas in Kovaipudur and Land Promoters of Properties.