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A SHIFT IN REAL ESTATE EXPECTED IN 2019 – TOPROPMART

The developers are likely to use the existing inventory rather than launch new projects as they tussle with RERA Act and GST. Due to the NBFC crisis, there will be a liquidity problem to continue. But there are some new trend to be expected in this year. The affordable housing segment is expected to grow both from supply and demand side due to Government incentives for both developers and buyers. The Government has expanded the benefits of a subsidy scheme on home loans under the Pradhan Mantri Awas Yojana till March 2020. A subsidy of upto Rs 2.67 lakhs can be availed on home loans by buyers. This year will turn out be another push towards the development of housing segment.

Co-living is the concept which has been emerging due to people preferring to stay with someone, especially students and professionals. Co-living area includes private rooms with a shared kitchen and a living area. But this option is majorly available in metro cities like Mumbai, Bengaluru, Pune, Delhi. This concept has however expanded to tier II cities like Jaipur and Lucknow. There are many startups operating in this space like Oyo living, Ziffy homes, StayAbode, SimplyGuest, RentMyStay, Zolo and many more. According to some experts, Real Estate Investment Trust will be launched in this year. The Government removed many hurdles after it was first launched in 2008. Government is thinking to bring some modifications for the ease of investors in the REIT policy.

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