The Indian real estate market has been developed over the past few years. It has observed both fluxes as well as develop and this is expected to be the trend in 2019 as well. Outstanding to countless rework introduced, the real estate market in India has gone through changes in the tax, regulatory as well as the business environment. With the next general elections around the corner, it will be interesting to see if the current government continues with its rework agenda and in case a new government takes over, will it be able to take them to the next level.

Trends Of Real Estate Outlook 2019 In India

Regarding the past two years, property market India has maintained to jump an important  52 positions in Business rankings released by the World Bank. This was basically on account of improvement in six of the 10 categories assessed. Of these, dealing with construction permits showed a massive jump on the back of the government's policy reforms. Increased transparency and responsibility has caught the attention of institutional investors who are now evaluating the sector with renewed dynamism. The Real Estate Investment Trusts (REITs) may also take shape anytime soon and that is expected to help improve cash flows into invest in real estate. There are below the few facts of                                                                                                                                                                          

• Determined office demand:

Resistant GDP growth should power expansion and further attract real estate investing. Overall office space absorption in 2018 has developed by more than 20 percent since last year outstanding to renewed interest from banking tenants and further expansion by property market India companies.

• Co-working culture:

The growing real estate developers ecosystem in India and it has a multiplier effect on several sectors, including conventional office space. In the past five years, the concept of co-working space has grown to include more than 200 players.

• Residential provides with demand: 

A growing population, urbanization, rise of nuclear families and increasing disposable incomes, is powering demand for housing. However, outstanding to a price mismatch, an increase in sales has been an issue.  The real estate developers are trying hard to align the sizes of residential units to suit the budget of end-users. Buying property in India home buyers is more informed. The government’s focus on affordable housing may see enhanced traction in the affordable housing segment.

• Consolidation:

Small real estate developers are reaching out to the considered ones to help save them from the financial mess and help complete projects. Joint developments, joint ventures and development management agreements between landowners or smaller developers and larger, organized developers has been growing in the recent past and is expected to continue in 2019. Consolidation will not only be limited to developers but may even extend to co-working operators. Firstly, You find a real estate agent and they will help you to the property for sale in India.

• Warehousing: 

The residential market in gloom and good quality office space in short supply, logistics is attracting many players. There has been a structural shift in the logistics sector, with small fragmented networks being consolidated into large distribution chains with centralized hubs. Growth of online shopping has contributed to this trend. This is encouraging developers to shift their focus from housing to warehousing.

• Financial stress:

The real estate developers are finding it a challenge to raise funds for projects and are being forced to resort to other financing routes, which in turn is increasing their cost of capital.

New Launches for real estate outlook in India:

The real estate rule launching action, the year 2018 saw most compliance among real estate builders. Therefore, unsold inventory across India’s top nine property markets reduced, with a 23 percent increase in the property for sale in India annually. In the New Year, they may also see new launches increasing in a more stabilizing market. New launches see how each city progress in the past year and how they would perform in 2019.

• Ahmedabad: 

The  Ahmedabad Metro in the making, the micro-markets of the city showed activity in the past six months of the year. The sales numbers have declined, there has been an increase of five percent in property prices. For 2019, the property prices might see a correction if the demand continues to remain mute.

• Bengaluru: 

The Property market of Bengaluru was the most resilient as the unsold housing stock in the city is at its lowest levels in the past three years. In fact, over 42,000 new units were delivered in this year till September. It is time for developers to supply where the demand lies, especially along the Ring Road and near the airport.

• Chennai: 

The property for sale in Chennai, India increased in 2018, the inventory overhang, too, saw the lowest level in the past three years. 2019 would be a year for price rise and the affordable housing segment.

• Gurgaon: 

The Gurgaon market has been stuck due to project delays and the revival is possible in 2019 and can be new growth hubs for the city. The much-awaited Dwarka Expressway is also fueling the speculations of price rise as the completion date is near.

• Hyderabad:

Hyderabad property prices have increased by 22 percent in the past three years. The city still has an affinity for luxury properties, unlike other cities where the majority of the demand lies in the affordable housing segment.

• Kolkata: 

The West Bengal has launched its own version of the real estate law. The inventory overhang has come down to 22 months.

• Mumbai: 

Home sales in the Mumbai Metropolitan Region have been consistently increased, homebuyers have begun to leave the fence. However, the inventory overhang is still high here.

• Noida: 

The prospects of Noida are going to be brighter in 2019. It is also launching a new project.

• Pune: 

The demand for affordable housing has been immense. The upcoming Metro will make this even better for the cultural capital of Maharashtra.