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<\/a><\/p>\nTechnological Revolution: <\/strong>Technology has been playing a vital role in the growth of the real estate sector in recent times and has led to gains not only for buyers but also the sellers. In terms of construction, technology innovation and sustainability will be key drivers for developers. Technology has not only increased the construction quality standards but has also reduced the time taken to build the infrastructure. What once took months and years to build, can now be achieved in weeks, without taking a toll on the project cost and labor. All buildings will need to have \u2018sustainability\u2019 ratings, while new projects will need to be \u2018sustainable\u2019 in the most comprehensive sense, providing their residents with pleasant places to live.<\/p>\n Even in terms of simplifying the property buying process, access to information, customer expectations, and client service are very different from what they were even five years ago. The concept of augmented and virtual reality is picking up pace where buyers can experience the property without physically visiting it. Buyers today initially prefer to search for and research about properties online first and the move ahead. Hence, the rise in various property portals in the India<\/strong><\/a>.<\/p>\n Joint Development & Joint Ventures:<\/strong> In a positive trend real estate builders and developers are looking for mergers, consolidations, acquisitions, joint developments and joint ventures with established and prestigious developers. This trend in real estate merging is likely to remain steady in the future as well. Consolidation and merger with the Grade-A developers facilitate small developers to deliver high-quality projects. On the other hand, established real estate developers could fine-tune their project delivery potential. It even instills confidence in skeptical home buyers as the name of an established developer gets attached to the project. With the real estate sector moving towards corporatization, the coming months will also bring about mergers and acquisitions in this space.<\/p>\n Foreign Investment and Collaboration: <\/strong>Foreign capital has been chasing investment-ready assets in core office locations in major cities. The commercial real estate sector has been a big draw for foreign investors in the past five years owing to the stable demand and rising rentals. Foreign investors are interested to capitalize in grade A offices, retail properties and the warehousing sector and have formed investment partnerships by backing local developers. In Gurgaon itself Japanese conglomerate Sumitomo Corporation has entered into a partnership with Krishna Group for their luxury residential project Krisumi Waterfall Residences<\/strong><\/a>. US based real estate firm, Hines, has launched a premium residential project \u2018Conscient Elevate\u2019 in Gurugram in a joint venture with Indian firm Conscient Infrastructure Pvt Ltd. Developers have also been collaborating with designers and architects from outside India such as Ricaro Bofill, Benoy, Arcop Canada etc. and the trend will continue in the next year as well.<\/p>\n Government regulated schemes to ensure transparency: <\/strong>The reformative steps brought into the real estate sector in the form of RERA, GST, REIT (real estate investment trust), Benami transaction Amendment Act and Pradhan Mantri Awas Yojana have further escalated the pace at which the real estate sector has improved. With these policies introduced by the Government, the real estate sector is now much more transparent with financial discipline and increased efficiency. With the introduction of these policies in customer interest, there has been complete transparency in the real estate ecosystem and the business models have transformed too. With flexible pricing, multiple payment options and timely delivery of projects, the current status of real estate is good news to first-time home buyers.<\/p>\n Growth of new segments: <\/strong>The real estate model in India has changed quite a bit in the last couple of years. The year 2020 will see the industry grow in terms of newer policies aimed at improving buyer sentiments and the sale of affordable housing. In the days ahead, one can expect a flurry of changes in the way these offerings are structured across markets and segments. The definition of \u2018affordability\u2019 is changing as affordable projects have started including amenities that typically luxury projects offered. The residential segment will also see more traction from the buyers with increased demand for co-living, new sectors like senior living and student housing, healthcare facilities and other segments like townships and plotted developments will see a rise significantly. In the commercial sector, co-working space, data centers and warehousing space would continue to be in demand. Due to the execution of newer policies, several developers are diversifying and exploring new arenas in the real estate sector. New emerging micro markets will take center stage and will be in high demand. The most sought-after destinations in Gurgaon are Golf Course and Golf Course Extension roads. The upcoming destinations are New Gurgaon and Sohna road.<\/p>\n","protected":false},"excerpt":{"rendered":" Real Estate is currently a billion-dollar industry in India. This sector has undergone a significant metamorphosis since the past decade with the introduction of gated community apartments and luxurious housing projects. The fact of the matter is that land never loses value or demand, and with only limited space available for a fast-increasing population, realty offers better (and guaranteed) returns compared to other popular investment choices. With the pace of real estate development in India, there is a high potential <\/span>Continue Reading<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":1701,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23,1,40,9],"tags":[],"class_list":["post-1700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-article","category-news","category-rera","category-real-estate-trending-topics"],"_links":{"self":[{"href":"https:\/\/www.propertyxpo.com\/blog\/wp-json\/wp\/v2\/posts\/1700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propertyxpo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyxpo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyxpo.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyxpo.com\/blog\/wp-json\/wp\/v2\/comments?post=1700"}],"version-history":[{"count":5,"href":"https:\/\/www.propertyxpo.com\/blog\/wp-json\/wp\/v2\/posts\/1700\/revisions"}],"predecessor-version":[{"id":1711,"href":"https:\/\/www.propertyxpo.com\/blog\/wp-json\/wp\/v2\/posts\/1700\/revisions\/1711"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyxpo.com\/blog\/wp-json\/wp\/v2\/media\/1701"}],"wp:attachment":[{"href":"https:\/\/www.propertyxpo.com\/blog\/wp-json\/wp\/v2\/media?parent=1700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyxpo.com\/blog\/wp-json\/wp\/v2\/categories?post=1700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyxpo.com\/blog\/wp-json\/wp\/v2\/tags?post=1700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n<\/a><\/p>\n