The Indian real estate market has proven its mantle by showing resilience in the face of pandemic induced exigencies over the course of almost two years. Post-COVID, the realty arena kept a steady course in terms of sectoral business. As per ICRA estimates, Indian firms are expected to raise close to Rs. 3.5 trillion (US$ 48 billion) through infrastructure and real estate investment trusts in 2022, as compared to raising worth US$ 29 billion to date.
The Indian real estate market is segmented by property type residential, office, retail, hospitality, and industrial, and each has a different market value depending on their location; cities like Delhi-NCR, Bengaluru, Mumbai, Pune, Chennai, Kolkata, and Hyderabad are among the most high-grossing realty markets, while cities like Jaipur, Ahmedabad and Chandigarh are making their way up in this department.
The positive sentiments prevailing in the residential real estate market are soaring high for the year ahead. The housing sector is set to experience more than six percent capital value growth at least in 2022. Various factors such as reduction in premium charges and stamp duty will contribute significantly to the sector’s growth graph, especially in the mid-income housing sector despite increase in HL interest rates.
Developments, real estate investment is one of the most rapidly growing types of investments because funds invested in real estate are spread across multiple sectors. Stakeholders across the industry welcomed Rs 48,000 crore as the allocation for PMAY and the identification of nearly 80 lakh households or the affordable housing scheme mentioned by the fin-min in Central Budget. This year also, favorable policies are expected which will encourage more projects and following investments.
Talking about investments in the Indian real estate sector in FY-2023, the opportunities are endless. Multiple avenues for lucrative capital gains make this a great investment option for people. Here are four key steps people must take to prepare for investing in the realty market:
Source: https://timesofindia.indiatimes.com/