Strong, Well-Structured, Protective: Real Estate, As It Should Be!

                Real Estate, often dubbed to be one of the safest investments in the world, has shown exactly why it has garnered the reputation it holds despite several industries suffering from Covid’s conquest of the market.

Be it land, residential, industrial or commercial spaces, Real Estate agencies believe that the industry has the potential to persist its customary pace, if not experience a boost in the present times. Talking about residential estate, the 
most familiar one; offering houses for a nuclear family, residential apartments, townhouses and condominiums, is expecting a hike given the unrest in the residential preferences in the lives of people post Covid-related agitation.

On the other hand, the sudden surge in the increasing demand for Covid-care facilities, hospitals, isolation centres, drug manufacturing units, oxygen plants, logistics warehouses etc has significantly turned the Industrial and the 
Commercial estate into go-to places for both, the state and the capitalists.

Conversing the emerging trends in the residential estate, the preferences has substantially shifted recently. For instance, living spaces with ample amount of basic amenities attached are being demanded keeping Covid protocols in 
mind. Similarly, workspaces have been redesigned and rearranged, keeping both the employers’ and employees’ welfare in mind.

Given the economic crisis the nation experienced recently, it was understandable that the Real Estate saw a marginal downfall but now that the masses have started to live with the pandemic while taking ample measures to protect 
their loved and dear ones, they’ve finally started investing in better residential spaces that’ll offer much more protection than their orthodox counterparts they’ve been residing in lately. In a nutshell, keeping no doubts over the 
potential the real estate possesses, it has been noted that while there’s a steady recovery in the demand for residential spaces, a boost has been experienced in the demand of services offered by land, commercial and industrial 
spaces despite the unusual times.

Stats show, around 15% of the total jobs in India are generated by the real-estate sector. Also, this implies, every one of the auxiliary businesses that take into account building homes or anything, indicating a surge of demand 
among the middle-income and the upper-middle-income groups as they prepare to purchase their fantasy houses. Because of plans like Pradhan Mantri Awaas Yojna and the splendidly made RERA endorsed projects, which act like 
the catalysts in the entire process!

Additionally, the Indian rental real estate market will undoubtedly develop with the developing flood of transients from non-metro to metro urban communities. This has definitely expanded interest for moderate rental spaces in vicinity 
to the functioning spaces or instructive organizations and the development of the idea of co-living. It will not be wrong to presume that the property costs will doubtlessly see a hike and move the market development through 2025, 
particularly in the setting of Tier 1 urban communities.

Source: Business World