Top 5 Real Estate Trends to watch out in 2017!

Today more and more realty space is being used for various purposes other than housing, such as professional gaming zones and hybrid residential spaces. A lot of new trends are accompanying such changes that will reshape the real estate sector. Experts from Arun Dev Builders LTD look into five such trends that you will see growing quickly in 2017!

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 The big mergers
Medium and small real estate companies go for consolidation when sales are slow and the skill pool is running out. It will help the real estate sector to reduce the crowd. This depends on how much equity is injected into the realty sector by investors.

Affordable housing is cheaper

Affordable housing is now an infrastructure.  By the end of 2019, 1 crore homes will be constructed in rural and semi-urban zones. External commercial borrowings (ECBs), will give people easy and cheap access to finances. The sector will improve with the help of re-financing from national housing banks.

Co-working spaces on the rise

Different from mergers, co-working has people from different organizations share the same infrastructure and space. Co-working spaces offer the organization with many perks, including:

  • Employee motivation
  • Employee retention
  • Increase in productivity
  • Cost reduction

Moreover, it’s the best option for companies who wish to work close to their client site.

 Business redefined
Real estate business models will have to align themselves with the Real Estate Regulation and Development Act (RERA). It will enforce transparency and responsibility on the real estate developers. Adding to the above are the effects of Benami Property Act and the Goods & Service Tax (GST). The real estate players need to make serious changes if they wish to be in the market.

Real estate capital boost
The changes in regulations and real estate framework have attracted a lot of investors. Experts from Arun Dev Builders LTD believe that Real Estate Investment Trusts (REITs) will rope in more of such investors with multi-modal income sources and high capital appreciations.

 

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Rayma

A senior blogger in Blog.thvoiceofnation, write about latest news, healthcare industries, businessman, industralists, fashion blogs, bollywood latest news, economy and politics.
  • Shivam Dhiman

    Affordable housing is a great concept. Government of India should take it seriously and make sure that every builder should implement it. As most of middle class indian are living in rent and lots of money go unwatched from tax that these homeless people give to home owners. Thanx arun dev builder fr good blog keep updating …..

  • Ravi Tomar

    I think India is moving on a progressive path this can be evident from the past few changes that we have observed in our country. For example, demonetisation, new rule in real estate RERA etc. All these steps is leading our country to good destinations. We hope our country will be a developed country like others.