Budget 2020: Why FM Nirmala Sitharaman should focus on real estate growth to power India's economic resurgence
Budget 2020 expectations: For real estate, it is not just the new paradigm of Real Estate Regulatory Authority (RERA), but also the development of new segments of real estate which have the potential to change the narrative
- Feb 1, 2020,
- Updated Feb 1, 2020 8:18 AM IST
Budget 2020: It is from depths that a rise commences; for Indian real estate, 2019 will be remembered as a year in which there was potential for economic growth and a return to normalcy for real estate - and somehow, it fell a tad short. Despite the 'fall short' aspect, 2019 left on a positive note; it left behind hope and expectations about pent up demand from the past few years finally catching up in form of real estate sales across 2020. This effectively also opens up through 2020 and beyond, a 'fast-forward' into a future that will be defined by major changes.
For real estate, it is not just the new paradigm of Real Estate Regulatory Authority (RERA), but also the development of new segments of real estate which have the potential to change the narrative. If the last couple of years have seen focus on affordable housing, 2020 and beyond will be the era of rental housing; of co-living spaces and leveraging new technologies that will ensure faster turnaround of under-construction projects into ready to move in homes. All these will be driven by the rising segment of the new millennial customer, and while traditional segments in real estate will continue to grow, the new age segments show growth potential beyond expectations.
Budget 2020: What measures should be taken for affordable housing?
Budget 2020: It is from depths that a rise commences; for Indian real estate, 2019 will be remembered as a year in which there was potential for economic growth and a return to normalcy for real estate - and somehow, it fell a tad short. Despite the 'fall short' aspect, 2019 left on a positive note; it left behind hope and expectations about pent up demand from the past few years finally catching up in form of real estate sales across 2020. This effectively also opens up through 2020 and beyond, a 'fast-forward' into a future that will be defined by major changes.
For real estate, it is not just the new paradigm of Real Estate Regulatory Authority (RERA), but also the development of new segments of real estate which have the potential to change the narrative. If the last couple of years have seen focus on affordable housing, 2020 and beyond will be the era of rental housing; of co-living spaces and leveraging new technologies that will ensure faster turnaround of under-construction projects into ready to move in homes. All these will be driven by the rising segment of the new millennial customer, and while traditional segments in real estate will continue to grow, the new age segments show growth potential beyond expectations.
Budget 2020: What measures should be taken for affordable housing?