Noticeable Indian real estate market forecast 2019 to watch out for

India has become a global zone for real estate investment for the worldwide investors. The booming industry has presented the best platform for the investors and families to find a new home and make a fruitful move for the future. The real estate industry in India is the 2nd largest employer, right after agriculture, offering a humongous volume of jobs to all kinds of professionals. It has been observed that the employment rate will increase by 30% within ten years.

The growth in the real estate sector is mainly due to the contribution of the commercial sector boom in the last few decades. Due to the commercial boost, the residential and hospitality segments have also witnessed a big growth over the years. The growing need of the urban, as well as, semi-urban housing infrastructure is also contributing in the elegant development of the industry.

Indian real estate market forecast 2019

As per the previous trends, the most favored city in India for investment is Bangalore. The other cities where the NRIs and indigenous investors are showing interest are Ahmedabad, Pune, Goa, Chennai, Delhi, Kolkata, Dehradun, and other Tier I and II cities.

Here is the list of forecasts and trends one will notice in the industry within a few years.

• Indian real estate industry has reached 9th position after jumping 13 positions among the 55 international real estate markets this year. The increase in the rank will also set the price of the mainstream residences to a higher level.
• By the end of FY2020, the Indian market will touch US$ 180 Billion due to the increased intervention by the NRI investors and MNC brands. The end of the year 2019 will also foresee a 5-6% contribution of the country’s entire GDP.
• As per the trends calculated over the years, it has been found that the industry will attain a CAGR of 11.2% the next year and will carry it forward. The growth in the retail, commercial and hospitality real estate fields will also contribute to a bigger growth rate in the near future.
• In the year 2017, the industry witnessed merger and acquisition deals worth US$ 3.26 Billion. It is expected to rise to a higher extent this year as 2018 saw a12% growth in debt and private equity investment.
• The absorption of the office space as of September 2017 was 18 million square feet. The increase in the office space requirement due to the advent of various IT/ITES companies and entrepreneurial ventures in the year 2019 will need over 20 million square feet of new commercial projects in India. This projection is mainly done based on the requirement of the consulting, retail, e-commerce, IT, and other industries.

Contribution from the leading real estate brands

The noticeable change in the lifestyle of the homeowners and the demand for modern homes in the market has led to the foundation of beautiful projects. The companies are now focusing more on the eco-friendlier features to add to the projects and make a brilliant contribution to the conservation of nature. The new rules set by the regulatory authorities are also taking care of the suburban perimeters of the leading cities patronizing the creation of a better space with a higher percentage of greenery for the future residents. The adoption of such plans and the venture from the real estate brands has made India a perfect market to invest. The NRIs are showing immense interest in investing in the real estate properties from the leading brands in India. The reputation of the Indian real estate brands outside the country is also responsible for the promising future of the industry.