India still continues to be among the fastest developing economies in the world despite the ebbs and flow in the global market. The Real Estate Regulation Act (RERA) and the Benami Properties Act were ground breaking in the Indian real estate segment bringing significant transparency and inspiring customer trust. The Indian real estate market has now gained the confidence of the investors and customers owing to the legal changes brought by the Indian Government. This is seen as a positive outcome since it has increased the demand from end-use customers and NRI investors. Among the changes, most notable is the stringent requirements of RERA which has decreased the number of housing launches and thereby reduced inventory overhang and excess supply in the market.
Among the top tier cities in India, Bangalore, Mumbai and Delhi have seen an increase rental return of 5- 7% which is more than the usual saving interest rate offered by the banks. This trend of increasing rental of housing in these cities is encouraging consumers to buy apartments rather than rent out because in the long run it is more cost effective. Many people now own a house with developers facilitating the same through interest and other rent subvention schemes.
This trend coupled with depreciation of Rupee in the Indian market points towards a golden opportunity for investment into the Indian Real Estate Sector. Time is now ripe to harvest the benefits of market trends in the real estate sector of India. Among the best beneficiaries of the current scenario is Bangalore. There are many factors which make Bangalore an attractive destination for real estate sector. With world-class infrastructure, ample job opportunities especially in the growing IT and Technology industries coupled with pleasant weather, many talent from across the country who want to make Bangalore their hometown.
Pratham Constructions, as one of the leading and most reputed Real Estate Developer in Bangalore and South India, provides the best options for such an investment. Pratham Consructions a wide range of projects in India in states such as Gujarat, Karnataka, Maharashtra and many more. In Bangalore, our flagship programs are Casa Serene and Indraprastha. Contact our representative for further details.
Should you wish to know more, please free to write to us. Our representative will attend to you as soon as possible. We also arrange for a site visit on request.
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