It is obvious that real estate market is of great demand in India in spite of its inconsistent nature. When compared to other investments like gold, bank deposits etc real estate seems to be the preferred choice of people in India. This is because of the rise in price of the real estate property that you own. By the year 2020, there would be a tremendous growth in the real estate industry. Here you would know about the future of real estate market and its influences.
Real Estate Market And Government Policies
It is true that the real estate market is greatly influenced by the policies and reforms announced by the Government. Recently the government has come up with various changes in taxation and regulatory aspects of the real estate industry. RERA is set up by the government which mainly aims in the transparency of the real estate business. Thus buyers and sellers can enjoy complete value of their money. With stringent government policies only trustable developers can sustain in the real estate industry. The affordable housing plans have made the real estate industry to grow.
Investing In Real Estate In Metro Cities
Bengaluru is one of the cities with enormous developments in all sectors. Due to the presence of various IT companies, it is termed as the silicon valley of India. More and more people from other states have entered this city for many reasons. This has led to the development real estate in Bengaluru. The city has transformed into city of high rise apartments. It is of course a wise idea to invest in real estate property as it is profitable to rent your property. Today people invest in real estate properties located near the IT corridors. This is because these properties are expected to increase in its value in the near future.
The above gives a clear idea about the future of the real estate industry.