Change is the only constant thing in life. Nothing remains the same. In Indian real estate market also many changes have been observed recently. Among the many different factors which are bringing out a promising outlook of Indian Real Estate, there are few trends which are breaking the monotony.
Crowd-funding is acting as a help for innovators and inventors to raise money for launching their products or services through the Internet. Crowd-Funding involves raising small amounts of money online, from many people across the globe, to finance a project or venture. It turned out to be really helpful for the new small-scale builders to get easy financial help and survive in this highly-competitive market.
Co-working spaces coming into Limelight
The central government is encouraging environment for entrepreneurship; demand for office spaces matching such firms’ requirements has increased in the last few years. Also, due to the rapid growth in number of freelance professionals or consultants in today’s globalized workforce, co-working spaces are gaining popularity. Co-working spaces are in demand especially in Indian metro cities and tier-II cities, and are helping many start-ups get flexible working options at pocket friendly prices.
Funding on the basis of Transparency
The real estate markets globally have shown growth in their levels of transparency over the past two years. India also made improvements in transparency scores. Investors are expecting transparency levels in real estate to be at par with other asset classes.
Concept of office-retail complexes benefiting Retailers
Retailers want quality retail spaces so they can get maximum returns. In such scenario the concept of office retail complexes is bringing positive change. It is emerging as an alternative to high streets, and even malls, for some categories of retailers who deal in fast food restaurants, coffee shops, fine dining, bank branches, ATMs, broking services, etc.
A working individual spends most part of the day at office during weekdays, so retailers can earn immense benefit by locating themselves close to, or within office areas. Retailers dealing in telecom services, office formals, leather bags and accessories, salons, eyewear etc. are now looking favorably at office retail complexes.
Demand of Tech-Enabled Workplaces
Tech-enabled workplaces are in demand across the globe. Few corporate occupiers in India are starting to invest more and more in expansion of their IT infrastructure. They want technologically sound infrastructures which can add up to 30% or more of a budget for a truly technology-focused company.
These changing trends are undoubtedly going to reshape the Indian Real Estate Industry and making it a better place for investors and consumers.