Where real estate is headed over in the next five years?

The basic criterion for development is an improvement in the living condition of the public. Real estate is a key factor here, as the developers not only undertake commercial projects but residential one as well. And with a population as great as ours there will be no dearth of demand! Also building residential complexes lead to the overall development of the plot, increasing the value of the neighboring areas as well. There are immense opportunities and profitable avenues open in the field of real estate read through the article to know more about them

The past that was

We are lucky to be blessed with manpower and natural resources giving us the power to change the world. But with power comes responsibility as well and the ever growing corruption and various scams in the past there was a drastic decline in the Indian economy. The misuse of power resulted in the downfall of the Indian currency in the international market. This heavily affected the business and the real estate market was quite stagnant for a while. But now with the reforming policies, India is slowly becoming an emerging superpower and a key player in the international market.

The present that is

With the change of government and the growing awareness among the people India is on the path to success. We see more and more people joining the real estate in chennai business and cities and townships developing at a rapid pace. The increase in industries and growth in employment is directly proportional to the increase in demand. Cities like Chennai, Bangalore, Bombay, and Delhi have become the IT hubs of the nation with youth from all over migrating to these pockets. The many property developers and the lands for sale in Chennai is an instance of how industrialization boosts development. These are interesting times for investment!

The future that will be

If India continues the present rate of progress and the government actually succeeds in implementing the various policies then the future looks very promising indeed! The various amalgamations and partnerships between companies and the up-gradation of technology will lead to the development of smart cities, turning the 100 smart cities dream that the government showed us to reality. Also schemes such as AMRUT, Housing for All by 2022 etc. would trigger the nation’s development towards a brighter future.

The relief in the FDI and the creation of the REITs will surely be the major game changers not only in the real estate marker but other sectors as well. Areas like Hyderabad, Delhi NCR, Pune, Thane, and Ghaziabad are few of the names that show potential for growth. The upcoming years are going to be great for India as predicted by the various economists and business analysts.

Real estate in Chennai is growing at a fast pace with the various property developers showing really bright signs in the future, one such company Wisdom Properties is a profitable choice if you want to buy property in Chennai. Do check it out!