Real estate experts have opined that Pune, Bangalore and Hyderabad are set to be the next big real estate hubs in the Indian market. Most of the time, major markets like Delhi and Mumbai have been considered as the most preferred realty destinations for homebuyers. However, the market trends are changing according to many real estate developers and industry analysts. Hyderabad, Pune and Bangalore are the real estate markets which should come up in a big way in the near future. This trend could see some traction in 2018 itself as per several studies and reports.
There has been major capital infusion into major realty markets like Bangalore, Mumbai and Delhi-NCR according to reports. Cities that have commercial and educational hubs have been garnering more investments and hence are turning into this decade’s key hotspots. Most experts feel that the real estate sector will witness skyrocketing growth in Hyderabad, Bangalore and Pune. Some real estate developers also believe that Chennai, Mumbai, Kolkata and Delhi-NCR will continue witnessing growth too. The Mumbai realty market, for instance, should witness higher sales volumes since prices have corrected here for the very first time in a whole decade.
Base prices for property have been reduced to the tune of 5% and when this is fused with other discounts, offers and other freebies, buyers can expect anything between 11-12%. Real estate developers are still not certain when it comes to GST benefits over the earlier tax regime according to reports. RERA, however, makes builders very positive and optimistic since they believe that this will play a major role in attracting buyers back to the Indian real estate market due to lesser concerns about transparency and accountability.