Major trends in real estates

Flats in  Guruvayur.jpg

Major trends in real estates

26 Oct. 2017 \ Dreamsworld Properties

The latest world investment report gives 4th position in developing Asia for FDI inflows by the United Nations Conference for Trade and Development. The last year real estate showed equity investment on a very visible return journey to India. According to recent survey Indian real estate has attracted $32 billion in private equity as of now. There was a flow of $ 5.7 billion global capital into Indian real estate in 2016.

But the historic high of 2007 still remains as record. The second position holds the growth of last year. There were problem with the election of new American president like outsourcing and visa-related policies, private equity activity, but growth remain in good position. All these led to India as good place for real estate. The result also can see in the business of flats in Guruvayur as well as villas in Guruvayur. Dreams World Properties latest project brought so many investors to Kerala from USA and Middle East NRI's..

It is good to see the development of India's Tier 1 cities to the 36th rank in JLLs 2016 bi-annual Global Real Estate Transparency Index. The discussion pointed out the development of Real Estate industry in Kerala. Flats in Guruvayur, Cochin, Thrissur, Trivandrum, do major role in the progress of real estate in Kerala. The catalyzing reasons for this were developments in structural reforms and the more liberalized foreign direct investment (FDI) period. All these increased transparency brings higher investments into such real estate marketing places like Guruvayur. Guruvayur is one of the sensitive places in India. So many people are coming to visit Guruvayur. Most of the people want to purchase flats in Guruvayur. During the season time it is difficult to get hotel booking in Guruvayur.

The trending change attracts so many investors to India. For example Dreams World Facility Management is one of the leading companies in Middle East. Now they have presence in Guruvayur, Kerala to start villas in Guruvayur also flats in Guruvayur. Dreams World Properties first project in apartments in Guruvayur is named as Utsavam apartments. The launch of Real Estate Investment Trusts (REITs) will do further support to create a piece of the Indian real estate pie.

Revamping Business Models

The projects started in large number but sold out was less. Real Estate Regulation & Development Act (RERA) started to bring deadline in construction but failed to reach task. So the builders should do a proper planning and technique to bring new business technologies. They should get the trust of the people to sell their properties. We see so many flats in Guruvayur as well as other destination in Kerala remaining unsold. It is a must to create customer's faith to sell their flats, villas and apartments.

The problems of GST in real Estate.

Many developers assure that the arrival of GST (The Goods and Service Tax) the Benami Property Act effected slightly in real estate business. Demonetisation also effects the booming of real estate industry. All these pressured the real estate industry to revamp their business to remain in business. But the demand of homes and places never decrease says the market watchers who had despaired of the Indian real estate market. Customers feel a proper work flow for purchasing homes. NRI people are interested to invest in real estate. The number of people searching flats in Guruvayoor has increased from Gulf areas. Corporate developers like Tata, Shoba, L&T, Dreams World Properties, Mahindra, etc., will acquire more projects in future, and corporate houses like Birla are moving up for their maiden innings in real estate industry.

Changing Face of construction

Now the builders are not only building flats, villas and apartments. Most of them want to develop a township with their properties including Shopping malls, Theaters, Hotels, Hospitals, etc. Even places like Guruvayur is accessing such types of facilities now. More than villas, there are a lot of apartments in Guruvayur. So many people are interested to invest in Township in Guruvayur.

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