The year 2017 has completed its journey with a plethora of memories and milestones to cherish. The Real Estate sector too had its share of a journey which saw many new invaders and regulators that managed to cast a spell over this industry. The various government initiatives that include (Goods and Service Tax) GST, (Real Estate Regulation Act ) RERA and not to forget the demonetization regulations have had a huge impact on this industry. Initially, these policies brought the sector to a standstill, which is now coming back to the track and this time with a much greater impact.
Talking about the Real Estate Regulatory Act, this has been one of the important milestones that brought about a huge shift in the buying and selling of Real Estate property. Starting from bringing in a level of transparency to completing the projects on a timely basis, this Act is sure to seep in consumer confidence, strengthening the Real Estate market. More and more buyers will come forward to invest in property, especially in the residential domain. Gone are the days where the consumer's concerns were limited only to the prices of the property. Parking places, elegant spaces for relaxing, stores, etc. are some of the additional factors that are coining the demands of the present consumers. These new demand criteria have forced the developers to reshape their business models. Along with this, the RERA act has also compelled them to bring in business models that manage to win the consumer’s confidence. To add to the consumer’s convenience, digitization has made buying and selling of property secure and confident. The Real Estate is considered to be the first sector that wholeheartedly welcomed digitization to its abode. This has made way for many new property ventures, popping up on the online world, encouraging the consumers to invest in smart property solutions online. Affordable housing segments are yet another important trend that is deemed to gain momentum in the upcoming year. The rural India is expected to see more than 1 crore houses for sale by the year 2019. The urban India too will witness the sale of new and second-hand houses on a higher demand. The increase in a number of houses will be backed by moderate financial sources. The land prices are also expected to step down due to limited availability of cash with higher denomination; as a result of demonetization. This, in turn, favors the consumers as they will have a wide range of options to choose from. Looking at the above-mentioned points it can be concluded that the consumers are going to rule the Real Estate markets in the following year. There would be no harm in stating that the Real Estate market had a significant past and is deemed to have an alluring future where the scales are all pointing in favor of the consumers. eValue Bricks is a digital marketplace where a buyer can lay their hands on some of the best smart property solutions online. It diligently facilitates professional handholding to both – the buyer as well as the seller, which is certainly required before shelling out your hard-earned money. Since buying a property has emotional values attached to it, we ensure a fair, transparent and economically justifiable deal. We do not believe in “free meals” and therefore the quality of offerings is excellent as it comes at a cost. Become a smart member and register yourself at www.evaluebricks.com - a brand owned by Distress Bricks Pvt. Ltd and get yourself assisted for Real Estate investment.
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