By Runwal Group Posted Oct 25, 2019 In Market trends and insights
The real estate sector plays a key role in India’s economy, being a major contributor to GDP growth and job creation in the country. Residential demand has also been on a rise owing to rapid urban development and migration. The realty market has constantly been evolving with the introduction of newer policy reforms.
Here are 5 of the emerging trends leading the Indian real estate market today.
Young Indian professionals between their late 20s and early 30s are looking to buy their own homes. Being generally well-travelled and well-aware of lifestyle trends, this generation prefers good quality housing projects that deliver on an international standard of living. Builders have been meeting this rising need through the development of thoughtfully planned, premium properties.
Social media and the internet has helped establish real estate brand presence and brought about transparency, information exchange and ease in the home-buying process. Most buyers, being millennials, research everything online and make informed financial decisions.
Many developers are constructing projects that adhere to sustainability benchmarks through energy-efficient, eco-friendly designs. With more and more people becoming conscious, the emphasis is on leading healthier, greener lives. Clean air quality, pollution-free surroundings and eco-friendly living paves the way for a sustainable future and is becoming the priority of most buyers.
Smart home automation has been a real trend-setter in the realty market. Buyers are seeking homes equipped with the latest technology and advanced security to make their lives modern, up-to-date and convenient.
The shifting market dynamics have presented lucrative opportunities for NRI investors. More and more NRIs are looking toward the Indian realty sector with Mumbai’s real estate emerging as one of the leading investment hubs.
If you’re looking to own a premium residence in Mumbai that ticks all the buckets in this list, you can check out the stunning properties by Runwal Group. Their project Runwal Pinnacle offers 1 and 2 BHK flats in Mulund West. This development has grabbed the limelight for being the tallest tower of luxury flats in Mulund West.