A quick view of the latest trends in the Indian real estate market

Since last year, the real estate market in India has gone through several ups and downs. Several regulations and economic policies have been introduced in the sector. The growth of the real estate industry slowed down in 2017, which is again picking up the pace. The inception of RERA, GST, and demonetization in 2016 has resulted in more transparency in the sector.

Homeowners are looking for properties that are strategically located close to the commercial areas and come with good connectivity. Buying apartments in the suburban areas or the outskirts of the city is among the latest trends in the industry. Well, have a look at the latest trends in the Indian real estate market.

• In the top cosmopolitan sector, people are more interested in renting property than buying them. This trend is evident, particularly in the commercial zones in the city.
• Homeowners are increasingly checking out property online than going for the offline listings. However, people prefer to check out the site personally before striking the deal.
• The key cities trending in the list include Bangalore, Pune, and Delhi.
• Homeowners are keen to buy apartments that are well-furnished and come on a long-term lease.
• The property owners are more inclined towards multi-storeyed flat complexes, as compared to normal houses.
• Single working professionals are going for flats of their own than the ones owned by their families.
• The homeowners are looking for pet-friendly opportunities in the homes.
• The home-buyers prefer to complete the financial dealings on the digital platform, rather than cheques and dealings through hands.
• Most of the buyers seek the assistance of online brokers in order to get steady advice during the transactions.
• Due to the increment in the spending capacity, the homeowners are seeking better apartments with a greater number of amenities.
• In the coming months, the prices of apartments are likely to drop and the overall capital cost will be decreased and stabilized.
• As a large number of apartments went unsold last year, the real estate developers will come up with several deals and discounts. These apartments are to be cleared off before the entry of new stock into the market.
• People are interested in buying penthouses or luxury flats. They are looking for homes with luxurious amenities.
• The homeowners are going for green homes and most of the residential complexes are coming up with extensive green areas. Besides, the safety of the neighbourhood where they are buying the house also counts. The infrastructure projects in the key cities and suburbs have enhanced the level of safety in the residences.

In case you are planning to buy a home, you can buy an apartment in one of the upcoming projects. A large number of people are migrating to the residential complexes. These homes bring them luxury and comfort within affordable prices. Homeowners can buy 2, 3 and 4 BHK apartments in the estates. They can customize the floor areas and amenities in these homes. The real estate industry in India is fast growing. The trends mentioned above will help you to make the right decision while buying a home.