What Are the Key Trends in Residential Properties in India

Recently, the trend in residential property in India has turned towards affordable houses. Hence, the majority of the construction companies have begun new jobs of smaller apartment units.You can get more detail about 1 bhk in kamothe via https://navimumbaihouses.com/.

What Are the Key Trends in Residential Properties in India

As expected, much smaller size residential units have better demand and both listed and unlisted companies are entering this field. Listed companies like Unitech, DLF, Omaxe, Ansal, Puravankara, etc. have dedicated huge investment in this sector. Unlisted companies like Tata Housing, the Delhi-based Raheja, Lotha group, Matheran Realty of Mumbai, etc. are busy in the housing segment for the lower middle class.

Knight Frank, the globally reputed property consultancy firm, has estimated that in the coming years there'll be the need for no less than two million affordable housing units in India. Approximately 80% of this requirement will be from the Rs.3-5 lac income group.

Estimably, this affordable housing demand will reach a market size of Rs.3 lac crore by 2011. The execution of the sixth pay commission recommendation created the Central Government employees eligible prospects for the residential property in India.

3It's felt that developers have recognized that low price structure is what makes the market live again. This has given them the confidence to invest heavily, but at the increasing demand curve, even if the cost factor is not kept low, the market may again face a slump.

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