An Overview: The Redefined Realm of Real Estate

With over 16 years of experience in the real estate industry, Viineet have been leading Asset Deals as the Managing Director, driving their mission to become the topmost real estate brokerage firm in Gurgaon. His journey in real estate has been marked by the sale of over 45 million sq. ft. area, the satisfaction of 5000+ customers, collaboration with 1000+ channel associates, and generating sales worth Rs.5000+ Cr.

The realm of real estate is a glittering gem in the crown of global industries. It consists of undeniable and alluring profitability which is spanning far beyond the boundary of national borders. India is the second largest populous country after China, and it is expected to overtake it by 2030. To add golden feather of pride in India’s hat of grandeur its remarkable economic evolution has been elevated their Gross Domestic Product (GDP) significantly over time.

India & Its Profitable Property

The real estate sector serves as the second largest employment generator, involving key players such as developers, buyers & sellers, real estate agents, landlords, and tenants. Additionally, it provides support to over two hundred ancillary industries ranging from steel to cement and timber while attracting increased investment from non-resident Indians (NRIs) in both short-term and long-term horizons. Notably keeping pace with India's startup boom, B2B (Business-to-business) and B2C (Business-to-customer)-oriented startups have emerged to operate in tandem with the robust growth of the wider industry.

The real estate market in India will get bigger and be worth of Rs. 65,000 crore which is equivalent to $9.30 billion by 2040. It was worth Rs.12,000 crore or $1.72 billion in 2019. The real estate sector in India will be worth $1 trillion by 2030 and will make up 13% of the country's economy by 2025. Retail, hospitality, and commercial real estate are also growing a lot to help India's growing needs.

Indian States with Lucrative Scope for Real Estate

Gurgaon is one of the most prospective state and epicentres having millions of profitable opportunities in Real Estate. Due to its rapid expansion of industry and service sectors, Gurgaon started evolving after India’s economy began flourishing after 21st century embracing the goodness of globalisation.

Multinational companies flocked to the region, in search of cheap labour, land, and ease of doing business. The decision to invest in Gurgaon proved correct and current day its furtherance shows it all. Right from the area of Golf Course, Course Extension Road, to Dwarka Expressway, Gurgaon’s real estate thriving the Indian market. From the standard of Lliving to quality of life, every single element has shown a sharp upward trajectory which further attracted the MNCs and youths to invest there.

Current Trends in Real Estate of India

The Indian residential market is presently considered a barometer of societal ambitions, financial robustness, and legislative transformations, owing to the advent of fresh prospects and patterns. In the aftermath of the pandemic, there has been a remarkable inclination towards possessing a home, as people are progressively acknowledging the advantages of dwelling in their personal haven, replete with dedicated spaces for work, education, and recreation.

The realm of real estate has pivoted its attention towards opulent and extravagant abodes. These exclusive residential projects offer top-tier amenities and appeal to discerning buyers who seek unmatched opulence in living experiences.

Due to globalization more MNCs are coming up in India and employing talented Indian brains and as the result, people are earning more and to save income tax people are more interested in parking their surplus part of income in real estate which is giving them more return on investment.

The rapid rate of migration of people from town and villages to metro cities has triggered the rapid growth of real estate. Along with the Tier I cities, the Tier II & III cities have also garnered attention of the prominent real estate developers of India.

As an example, after the construction of Dwarka expressway the vicinity of Delhi and Gurgaon has become a prominent epicentre of luxury real estate development. It opulently provides an unparalleled luxury services and modern amenities best suited for the evolving way of living.

Booming Branded Residences

Like any other sectors of the industry, brand identity or brand value always matters. People will easily trust a veteran builder who has a vast experience and a deep knowledge as well as reputation in this field rather than a newcomer. People trust them who guarantees with regards to the project’s delivery, quality, management, rental prospects, and resale value. Amidst the booming market, a notable trend is the growing popularity of branded residences. These exclusive housing options are redefining luxury living for discerning clientele.

Branded residences bridge the gap between the potential buyers who wants to invest their hard-earned money in search of a dream abode and the sellers who are offering premier sumptuous grandeur through luxury gated communities.

A branded residence epitomizes a premium living experience. It ensures a seamless blend of lavish living and the brand's signature touch, characterized by exclusive locations in coveted neighbourhoods, immaculate design & quality, access to unparalleled amenities & services, and a focus on privacy & security.

Future Outlook of Indian Luxury Real Estate

The Indian real estate sector is currently experiencing rapid growth and expansion, boasting a wide array of participants, ranging from small-scale developers to large-scale real estate conglomerates.

By remaining attuned to prevailing market trends and governmental policies, and undertaking thorough location analysis, investors can effectively identify and capitalize on profitable prospects.

It is undeniably true that, by incorporating strategic use of technology and thoughtful government policies, the Indian real estate industry will experience staggering growth in the upcoming days for sure.

In a nutshell, the Indian real estate industry will continue to serve as a potential fertile ground for investment with the highest return on investment (ROI).