In 2019, the real estate sector is expected to grow across all its sub-sectors—residential, commercial, affordable, and warehousing
EXPERTS ARE GUNG-HO ON THE REALTY SECTOR as we enter 2019. And they have solid reasons to be so. Their confidence stems from several sources such as data analysis of existing inventory, their delivery, recent launches and the overall signs of positivity. Many experts see strong demand driving the residential sector in 2019. Based on hyper activity among the e-commerce players, the demand for modern warehousing space is also expected to increase many folds this year while the demand for commercial space is going to hold steady, which is a positive for the sector, point out experts.
“The overall supply volume in the residential category is expected to be 10-15 per cent higher than 2018 levels. While pricing in key cities such as Delhi and Mumbai will be largely stable, it may see some upward shift in select markets such as Bangalore, Chennai and Hyderabad,” says Anshuman Magazine, Chairman, India and South East Asia, CBRE, a leading consultancy firm. “Additionally, with a largely stable policy environment, we can expect stronger recovery in the housing market in 2019,” he further adds.
As of 30 November 2018, India witnessed $5.1 billion worth of investments in the real estate sector with a bulk of the private equity investments taking place in the commercial sector. “It is worth mentioning that PE investment in commercial real estate extended beyond metros and Tier 1 towns,” says Magazine.
You can read up to 3 premium stories before you subscribe to Magzter GOLD
Log in, if you are already a subscriber
Get unlimited access to thousands of curated premium stories, newspapers and 5,000+ magazines
READ THE ENTIRE ISSUE
December 8, 2018