How was the previous year been
The year 2017 has been fantastic for a plethora of real estate investors out there. The year 2018 also promises to be one such year where investing in real estate would not be a disappointing prospect. Quite interestingly, demonetization in the year 2016 has cast a huge impact on the real estate sector. It has made the industry more transparent thus eliminating corruption. The year 2018 would be no different as it would continue to lure real estate investors in investing on quality projects.
On the other side, the Centre has introduced Real Estate Regulation Act (RERA) along with GST to make investing in the sector more fruitful. Moreover, the introduction of Real Estate Investment Trusts REITs would also help an investor to finance with confidence in the real estate sector. If you want to invest in real estate and want good returns, then opt to spend on Shriram code superstar. Here is the list of real estate market trends for 2018 which would genuinely allure investors.
Millennial buyers would be a significant share of the real estate market
It is interesting to note that in the year 2018, the real estate market would witness a surge in the number of millennial buyers. These millennial buyers would form a majority of the real estate investors because they would experience growing incomes and would go all out in buying their first home. Interestingly, the real estate trends of this type would not only benefit the buyer but would also help in the development of the nation. It is so because the lifestyle of a majority of individuals would improve.
Quality of life would be the deciding factors
The quality of life is a deciding factor in the way a builder goes about planning a residential complex. Moreover, the nature of the property is dependent on the type of lifestyle a buyer wants. No matter what the price of a particular property is, as a buyer one would never compromise on factors that affect the quality of living. Gone are those days when real estate complexes had only swimming pools and basement garages. Nowadays, keeping in mind the preferences of the buyers, the real estate builders include a lot of amenities inside a residential complex. Facilities like stadiums, schools, hospitals, etc. are a common sight these days. This trend would continue in this year too which implies that builders would give importance to the view of the buyers.
Affordable housing costs
Affordable housing costs are another trend which is ruling the roost in the real estate sector. Home sales have declined all across India, and this is the reason that the builders are pushing in with lucrative property deals. On the other hand, the government is launching various types of housing schemes time and again to make sure that there is quality home for everyone. For instance, the Pradhan Mantri Awas Yojana scheme is a brilliant step undertaken by the government to attract more buyers towards affordable homes.
At present, the real estate sector of India is developing at a tremendous pace. Moreover, with the introduction of government schemes, this sector is set to register more growth. Keep in mind the trends as mentioned above if you are on the lookout to invest in real estate market.