15 Significant Trends that will define Real Estate in 2015
The year 2014 witnessed several breakthroughs that significantly impacted the realty sector. These included incentives for infrastructure financing by the RBI, lowering of interest rates on home loans, unveiling of ‘Make-in-India’ campaign, framework for REITs and the latest entry to the list – relaxation of FDI norms in construction sector.
Thus, as 2014 draws to an end, CommonFloor presents you 15 major trends that are likely to shape the real estate sector in the 2015. Unlike conventional market trends, residential plots are gaining prominence as one of the most preferred Property types.
“As part of ‘Real Insights’ into real estate, CommonFloor.com has identified 15 Significant Trends that will define Real Estate in 2015 with in-depth analysis based on CommonFloor data.
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This trend was also reflected in our latest survey, where for the first time plots emerged as most preferred property-type with about 48 per cent respondents voting for it. While plots do score better over other property-types for better returns, this remarkable trend also indicates that buyers are now investing with mid-to-long term investment horizon. This can further be justified by the fact that buyers are now considering upcoming smart cities, where apartment culture is yet to catch pace. Also, for the development of these smart cities, smaller areas in the peripheries have been being identified. As development is yet to take off in these areas, plots evolve as potential investment option. Moreover, since these pockets are expected to witness realty growth in the coming years, individual investors are grabbing this opportunity. Our research also suggests that out of the total supply, market share of plots have recorded a rise at pan-India level.
