Shahid Yusuf Balwa director DB Realty - Positive Journey of Real Estate Sector

1. Shahid Yusuf Balwa director DB Realty - Positive Journey of Real Estate Sector

2. The real estate sector in India witnessed an interesting revitalization and this year, it brings out lots of expectations to the real estate industry with so many positive assumptions and success. This industry nowadays is focusing on more affordable housing projects and units which are high in demand in the market. Coming to the facts, sales in the sector have increased by around 40% in the first three quarters of the year 2018. The decision by Government to lower the GST rate for affordable housing projects can be mentioned as the next major highlight in the real estate industry. This Central Government’s initiative has rejuvenated the real estate builders like Shahid Yusuf Balwaand other housing projects. This has clearly led to the decline in the prices and hence the market is driven by end users.

3. Affordable housing has become easy with developed real estate sector and sales are boosting. The country is gaining traction very fast and it is expected that the interest in affordable housing will increase rapidly due to increased and proper participation by the private sector. Affordable housing is no more within the grip of the Central Government’s initiative and private participation. There are many trendsetting projects by Shahid Yusuf Balwa, the director of DB Realty and other real estate developers which truly embark the positive journey of real estate sector in 2019. Some of these projects reach hundreds of people, offering them shelter.

4. The new phase of the Real Estate Industry started settling down from the second quarter of 2018 after the effects of RERA and GST in 2017. Big dealers did not suffer much downtime and were able to move on. There is a marked improvement in the residential housing project sales in markets of big cities like Bangalore and Mysore. It is interesting considering the facts that even the high-class luxury apartments also found buyers very easily. The year 2018 seems to develop a positive trend in the residential market in India. However, with the growing bank rates, though it has become the spoilsport, it does not impact much on customers’ decision making.

5. The year 2019 brings a lot of expectations to the real estate industry with many positive forebodings. The trends get strengthened further and there will be many new launches coming in for the developers. Technology is the most important key trend across the real estate landscape and the adoption of technology brings a noticeable and conscious shift towards buildings concentrating on the green neighbourhood. Developers are adopting best industrial technology for construction activities in the real estate sector. This assures greater quality and faster delivery. It has been a great journey. However, buyers are still cautious and sales have been steady to its best.

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