Real Estate in India: Challenges and

Prospects
The real estate sector in India has undergone some substantial changes over recent years. It is
one of the major contributors to India’s GDP. The sector has called holistic measures to
increase transparency and accountability in the real estate sector, so as to gain buyers
confidence. So, after acknowledging all the positive sentiments in the market, the year 2020
looks promising

Imagine yourself living in an Indian City where every home is linked to gas, water, and
electricity. All citizens are given basic facilities in real-time. The city uses alternative sources of
energy and its transport systems are fully controlled via central command centers to reduce
traffic and pollution. It is a smart city, the ideal city. Well these are not hypothetical statements.
As the property for sale in India is increasing, real estate developers are burning the midnight
oil to give the best of the best to their residents.

In previous years, the real estate in India witnessed some downturn. But this is not an end but a
beginning. The world's largest democratic country is paving its way back to progress and
development. So, this blog is going to see the prospects and challenges of real estate in India.

Increasing Demand of The New Projects

The employment rate has a direct correlation in the growth of the Indian economy and changing
demographics. Today, people, while buying new houses or renting them, don’t mind relocating
to new cities. However, they should be provided with better opportunities. This trend is
increasing in the city of dreams where real estate developers of Mumbai are continuously
making new projects using eco-friendly technologies. So, these developers are providing the
opportunity to the people to make an investment, thus giving a boost to real estate in India.

Falling Housing Prices

According to recent research, India will be among those nations which will witness a drastic
increase in construction activity. That is to say, new developments come up with the latest
infrastructure and better connectivity. As per Global Construction research, India will have 1.1
crores annual housing completion on an average by 2025. Therefore, its time for the investors
to take a prudent step as they can buy homes at low prices.

Accountability in Project Construction 

The immense burden of delayed and uncompleted housing projects was the real factor
responsible for the decline in real estate. They were the default choice of many people due to
more competitive prices. But now, there is an increase in transparency and accountability in the
new projects. Thus, the real estate is flourishing and attracting investors in the country.
Bridging Gap Between Owning and Renting
The increase in home prices in recent years, especially in many of the big markets, is causing
some repercussions for the people. To clarify, many people cannot afford a new house.  This is
definitely good news for the investors in rental properties. But not for others as those who can
afford the high rent is small. So, the need of the hour is to split the home into several units.

As the real estate in India is accentuating, so are the opportunities for the investors. Its surely
going to pay them off in the long run.