Real estate market size in India
The current real estate situation in India is very large industry and a globally recognised sector. If we break down the real estate industry in India, it would be four segments of retail, commercial, housing and hospitality. India being a growing economy, works in favour of this industry as it correlates to increasing demand for all four types of real estate. This is an industry which has shown about 30% growth annually, each year. So if your first apprehension was about how the industry is performing, we are happy to inform you that it is performing and picking up at a great pace. You are looking at a country with policy support and a lot of attractive opportunities.
The industry is expected to contribute to 25% of GDP by 2025 by growing upto USD 1 trillion by 2030. Bangalore is the best in sector distribution and still largely growing in commercial property segment.
So how does it work?
Property buyers and sellers come under the purview of RERA viz. Real Estate Regulatory Authority under the RERA Act, 2016, which is for regulation and promotion of the real estate sector in India. We don’t have to dive into the technicality of this as all we need to know that the rights and interests of stakeholders are protected. Consultants at Irshad can tell you more about it and educate on the in and out of the industry. And yes, RERA is implemented in Karnataka.
You will also be happy to know that the Real Estate Investment Trust REIT has received a nod by SEBI and this will mean an inflow of many kinds of investments into the market. A big thumbs up there.
If you are looking to buy a property there are two options one is to look at indidvidual properties or , first get in touch with a real estate agency that will be by your side from understanding your requirements, finding the property up to registrations and other transactions. Irshad is affiliated with Bangalore Real Estate Association India (BRAI), National Association of Realtors – India, and World Properties, and is a property consultant in the investment- destination Bangalore. Irshads will offer a variety of properties in each neighbourhood thus optimizing your weekends and also showing you properties with documentation and with attractive offers.
Real estate – Bangalore
Bangalore is a dream destination for investors and you are in the right place if you want to grow, with the growing economic scenario here. It could be residential, commercial or retail, your investment is bound to grow multifold here. Once you are in touch with Irshads, the first thing is to understand the regulation and procedures of the place. Next would be deciding the type of property you are looking for based on the goals. This is followed by getting the loan documentation ready if required while getting on the property hunt mode. If you are unfamiliar or even familiar with the city, don’t make this a lone trip and always have the ideal real estate agent in Bangalore Irshad Properties by your side. Viola, when you find the right property, you can go ahead making it your name.
If you are looking to understand property matters in-depth, we are a call away.