Real Estate Sector Trend In 2021
The year 2020 has been impacted solely by Covid 19 pandemic which brought the whole world to screeching halt, significantly affecting the global economy. Already struggling Real estate sector was hit hard with nation-wide lockdown, businesses going shut and people losing jobs. But things are looking positive as the year ends bringing more stability. Swapna More, Co-Founder, KAGAAY mentioned realty sector will showcase following trends in 2021: Higher Demand for Properties; Ever lowest bank loan interests , NRI returning to India, Government push to the sector, Companies shifting from China to India, stamp duty reduction, RR rate exemption will create a huge opportunity in Real Estate Market raising the demand for properties. Increase in Real Estate Investment: In 2020, many big investors found that real estate investment is the best in long run. Frequent share market crash has changed everyone’s mindset. The good news is that the year 2021 will offer numerous investment opportunities. Right from low-cost studio apartments to luxurious bungalows and penthouses, investors will be easily choose a property that will work with their investment plan. Rise in Emerging Micro-Markets In 2021, many B and V class cities will grab attention from real estate investors. Mainly due to migration to small cities and affordability. Such cities will witness huge demand for residential homes and big development in infrastructure. Commercial Segment on the Upswing: Inspite of work from trend and compulsions, commercial real estate segments is expected to experience a constant rise in demand. Investments in office spaces, IT Parks, data centres, warehousing and logistic parks will grow. Arrival of multinational companies, the emergence of start-ups and co-working spaces etc has led to growth, which is here to stay. Emergence of new technology assisted ways: With the restrictions on social contacts and physical movements and other factors arising due to the pandemic situation, adopting new technologies is the new mantra for the real estate industry. Apart from ease of physical movements, these innovations are expected save time, energy and money of buyers and sellers. Tushar Desai, CTO-KAGAAY said, "A lot is in stores for everyone in Real Estate Market. Yes, we were the most impacted during Pandemic but , this is not the first time that we were tried to bogged down. Real Estate as an industry has seen many ups and downs in last one decade. However, lets not forget – Real Estate is the most recognised investment sector, Worldwide." Following is in stores for the real estate sector.
Tags : Realty Spotlight Real Estate properties Trend Tushar Desai KAGAAY Swapna More