Real Estate Trends to Look Out for in 2019
Jan 10, 2019 Real Estate News
If you are looking to buy a house in 2019, one thing to remember is that the real estate market scenario will remain the same. The prices are expected to be more or less remaining the same while the developers will still try to sell out their unsold inventory before launching new projects.
With GST and RERA making it difficult for the developers, this year does not show any change in the availability of the liquidity for new projects.
Although, there will be a few trends this year that will help both the buyer and the developers.
The co-living option has given rise to a number of start-ups that serves as the listing for the available opportunity for room sharing. 2019 is the year we are waiting to see how this particular industry grows further.
In the year 2017, the rise for the demand for coworking space was 5 percent while in 2018 it was 10 percent.
The trend is going to increase in 2019
With GST and RERA making it difficult for the developers, this year does not show any change in the availability of the liquidity for new projects.
Although, there will be a few trends this year that will help both the buyer and the developers.
Affordable housing segment
Affordable housing segment has seen a rise in the last few years, for both the buyer and the developer. The government has been pushing the affordable housing, and with the relief in taxation, that has definitely boosted the demand. Recently, the government has extended the benefits from CLSS to the home loans for MIG for the PMAY till the end of March 2020. Under the scheme, the homebuyer can avail the subsidy up to Rs 2.67 lacs.Co-living option
The option for co-living is not new for the people. It has been here for years and is here to stay. College students, professionals, are aware of the co-living arrangement and know that it is not only providing bed and breakfast to their people living there. The access to common room etc. is also available. The co-living option is not just limited to the metro cities but is also spreading their wings in the Tier II cities.The co-living option has given rise to a number of start-ups that serves as the listing for the available opportunity for room sharing. 2019 is the year we are waiting to see how this particular industry grows further.
Coworking spaces
Coworking spaces were a new concept a decade ago, but not anymore. From start-ups to the big fortune 500 companies continuously look for the co-working spaces. They are affordable and serve the purpose with the hassle of getting into the construction of office space. The option available is both renting and leasing.In the year 2017, the rise for the demand for coworking space was 5 percent while in 2018 it was 10 percent.
The trend is going to increase in 2019
REIT
REIT was first launched in India in 2008, and in 2013, the first draft of the rules and regulations were drafted. But the tax implications for the same have held it back for a few years. It is expected that REIT will come into full force in 2019, opening doors for the investors, both domestic and global.Looking for property portal?
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