A Leap in the growth of Residential Projects in Metro Cities
In the first six months of the year 2018, there were various launches made in India for residential projects . Immense confidence was shown by investors everywhere. When it comes to the launching of new properties in 8 urban areas in India, a bounce of over 68% was depicted in the real estate industry. A tremendous growth of 106% was also witnessed in the same period. Now investors are searching for progressive ventures for investment. The property buying portals can be of great help in this case. There has been a decline in inventory level despite the growth in industry. On a positive note, the reactions of people wanting to invest in residential is great. When we look at the statistics of the year 2017, it shows that approximately 11% growth was spectated in the top 8 cities in India. To elevate the condition pf real estate industry, various schemes have been launched by the Government since the year 2016. Like Prime Minister Awas Yojana , GST and RERA guidelines. These steps have led to more clearness in the industry, although initially these steps were not taken well. There are great opportunities available for investors who prefer residential properties.
A study done by experts revealed that the sales figure has been expanding reliably in the last four quarters. This resulted in developers launching properties in the urban cities. Among the urban areas, the most elevated number of launches has been done in Mumbai Metropolitan Region(27798 units) and then in Bengaluru(18193 units) . An intriguing statistic revealed that sales have risen by 70% in present when compared to the previous years. With the help of housing schemes, even the low income groups have invested in properties, which in itself is a positive sign. The investors are instilled with confidence because of the rising sales figure. Commercial property investment does not lag behind either, because a high demand has been seen in this sector too. Domestic and international companies both have been showing interest in this. Looking at the statistics of first half of 2018, sale of 60% has been seen in below 50 lakhs segment, only talking about the sales of residential property. If someone is keen on purchasing property in India, the real estate websites gives a good brief on upcoming projects. Chances are that property rates will ascend all over the country in the coming months, so this is the ideal time for investors to make a good and ideal investment.