Real sector imbued home buyers with hope in 2018. Experts say that 2018 was the year of the decade for Indian real estate sector. After finding itself in a quagmire, this industry is inching toward revival. This period is definitely lucrative for builders and real estate developers. Home buyers too can light up like a Christmas tree as there are good deals in the offing.
If you are looking for a residential property in Bangalore that is a blend of comfort and panache, Ahad Builders won’t let you down. Construction and real estate sectors are on the crest of a wave. Leading property builders and developers in Bangalore-Ahad Builders construct superlative homes. They have witnessed the crests and troughs of the industry as they have been in the business from last 40 years. Their projects marry innovation and novelty. These top builders in Bangalore use reliable materials and equipage to construct marvelous living spaces.
It can be said without a shadow of a doubt that home buyers have returned to the market with renewed confidence. Let’s look at the factors that helped both commercial and residential sectors thrive in 2018.
2018 for Residential Sector.
- The year was marked by the presence of end-users.
- Affordable housing dominated the pie-share, stated the ANAROCK data.
- Ready-to-move-in-homes gained momentum and popularity with 49 percent users investing money here.
- During 2018, housing supply rose by 32 percent to 1.93 lakh units in the seven major cities.
- Unsold housing stock stood at 6.87 lakh units at the end of September 2018, down 8 percent from 7,44,000 units in Q3 2017.
- As of FY2019, affordability in most cities is estimated to be in the range of 6-8 times five years back, mentioned a latest CRISIL report.
- Ticket sizes came down as developers launched units with reduced average area per house.
- With lending by banks to the real estate sector slowing down since 2011-12, the role of Non-Banking Financial Companies (NBFCs) ad Housing Finance Companies (HFCs) gained prominence.
2018 for Commercial Sector
- PE investments into Indian retail swelled to over $300 million, denoting an exhilarating growth of 54 percent over the previous year.
- As per Real Capital Analytics (RCA), total transactions of completed properties grew by 21 percent YoY to USD 3.44 billion in the first nine months of 2018.
- The office market was dominated by technology groups, which accounted for 60-70 percent of gross absorption.
- The stock of flexible real estate market increased from nearly 10 million sq.ft. in 2017 to about 15 million sq.ft. by Q3 of 2018, says a latest report.
- Key micro-markets in Bengaluru, Kolkata, Pune, and Chennai made it to the list of top 10 micro-markets, which witnessed maximum YoY rental increase in the range of 9.4-32 percent in Q3 2018, says Colliers Research.