Industry Views: Real Estate in India in 2018

We spoke to some industry leaders to find out what their view is for Real Estate in 2018. As part of the same, here’s what Mr Viswa Prathap Desu, Senior Vice President at Brigade had to say

The year 2017 has been an eventful year for the real estate industry in India. It saw the advent of GST in lieu of VAT and ST thus creating a temporary ruffle in the business but promising to result in a lower cost for the consumer. We then had the RERA Act being implemented across most of the states. The RERA has been brought in to ensure greater transparency for the end consumer. RERA also created a temporary respite in sales as developers were recouping and customers were waiting for things to settle down. So, as the “dust settles down”, We see the customers coming back in droves.

Viswa Prathap Desu
Viswa Prathap Desu
Brigade Group

As always, took up the leadership position by extending special prices to new customers coming on board post GST. It’s running a special campaign to provide the confidence to customers who were hesitant in investing into a new home. The trust of a big brand like Brigade which stands for “Building Positive Experiences” definitely gives the customer the much needed comfort.

The Year 2018 will be a year with a positive outlook. We expect the real estate prices to start showing a slow but steady increase in the rates. Prices in 2017 have been stable, but now with increased costs(due to implications of RERA etc) and in general increase in the offtake would reflect in prices going up. Quite a few developers including Brigade Group are planning to launch new projects. The current trend of customers to invest in ready possession apartments is ensuring the inventory coming down. This will ensure we get new inventory in the market. RERA regulates it and hence instil confidence in the customer.

In 2018, we also expect the Pradhan Mantri Avas Yojna Credit subsidy scheme to get publicised more by the Financial Institutions and developers. This will help the first time buyer to aspire for a bigger home and with a lesser burden.

To sum up, we hope to have a much brighter 2018. We hope to have a lot of action and revival of the real estate industry.

 

19 Comments on “Industry Views: Real Estate in India in 2018”

  1. I needed to post you this little bit of word just to thank you as before with the exceptional opinions you have discussed on this site. This is so extremely open-handed of people like you to grant unreservedly all that a number of people might have advertised as an e-book to end up making some bucks for their own end, mostly considering the fact that you might well have done it if you wanted. These pointers also served as the great way to comprehend other people online have similar fervor the same as my very own to understand a lot more pertaining to this condition. I believe there are some more enjoyable situations in the future for individuals that look over your blog post.

  2. My husband and i ended up being so relieved Raymond could conclude his homework via the precious recommendations he obtained from your very own web site. It is now and again perplexing just to possibly be making a gift of helpful hints that others may have been trying to sell. We really already know we need the blog owner to thank for that. All of the illustrations you have made, the simple site menu, the relationships you will make it possible to foster – it’s got most exceptional, and it’s really letting our son in addition to us understand this situation is fun, which is highly important. Thank you for the whole lot!

  3. I must express some appreciation to this writer just for rescuing me from this situation. After researching throughout the the net and getting recommendations which were not productive, I believed my entire life was over. Being alive without the presence of solutions to the issues you’ve sorted out as a result of this guideline is a critical case, as well as the kind which might have in a negative way affected my career if I had not noticed your web page. Your personal talents and kindness in handling a lot of stuff was excellent. I’m not sure what I would’ve done if I hadn’t encountered such a solution like this. I can also now look forward to my future. Thanks very much for this specialized and sensible guide. I won’t be reluctant to refer the website to any person who needs and wants guidance about this issue.

  4. I together with my guys ended up studying the excellent guides located on the blog while then developed an awful suspicion I had not thanked the site owner for those tips. All of the guys had been for that reason joyful to study them and have clearly been making the most of those things. Thanks for indeed being considerably accommodating and for deciding upon certain impressive ideas millions of individuals are really desirous to learn about. Our sincere apologies for not saying thanks to earlier.

  5. I precisely wanted to thank you very much once more. I’m not certain the things that I could possibly have undertaken in the absence of the actual pointers documented by you regarding my theme. It had become a very horrifying matter in my view, however , being able to view a new skilled strategy you processed the issue made me to leap over gladness. I am just happy for your advice and believe you recognize what a powerful job you were carrying out teaching many people using your site. I am certain you haven’t got to know any of us.

  6. A lot of thanks for your own hard work on this blog. Ellie really loves working on investigation and it’s easy to see why. We all learn all concerning the powerful manner you give very helpful things on the blog and as well as encourage response from some others on this topic and our daughter is in fact understanding a lot of things. Enjoy the rest of the year. You have been conducting a first class job.

  7. Thank you so much for giving everyone remarkably spectacular possiblity to read critical reviews from this site. It is always so pleasant and as well , full of a great time for me and my office mates to search your website more than thrice in one week to find out the newest guides you will have. And of course, I am usually astounded considering the eye-popping pointers served by you. Some two ideas in this posting are clearly the finest I’ve had.

  8. A lot of thanks for each of your work on this web page. Gloria enjoys making time for investigations and it is easy to see why. We all learn all relating to the compelling tactic you convey vital information via the web blog and even boost contribution from others on this matter plus our own child is now becoming educated a lot. Have fun with the remaining portion of the year. You are always performing a remarkable job.

  9. I precisely had to thank you so much all over again. I’m not certain the things that I could possibly have worked on in the absence of the entire information documented by you regarding my industry. Completely was the frightful difficulty in my view, nevertheless considering a new expert fashion you processed that forced me to leap with gladness. I will be thankful for the help and as well , sincerely hope you comprehend what a great job your are getting into training others through the use of your webpage. I’m certain you’ve never come across all of us.

  10. I definitely wanted to construct a note to be able to say thanks to you for these splendid advice you are showing here. My incredibly long internet look up has at the end been rewarded with awesome content to share with my partners. I would assert that most of us site visitors actually are unquestionably fortunate to exist in a notable network with so many marvellous people with useful pointers. I feel pretty happy to have discovered your web site and look forward to some more thrilling times reading here. Thank you once again for everything.

  11. Thanks a lot for providing individuals with such a memorable possiblity to read in detail from this web site. It’s usually very beneficial plus stuffed with amusement for me personally and my office fellow workers to search the blog on the least 3 times in one week to study the newest stuff you have got. Not to mention, I am also always satisfied with the excellent thoughts you give. Selected 1 tips on this page are rather the simplest I have had.

  12. I and also my buddies ended up checking out the good recommendations located on your web site and instantly got a horrible suspicion I had not thanked the web site owner for those techniques. All the ladies are actually for this reason joyful to read through all of them and have absolutely been taking pleasure in those things. Many thanks for getting very thoughtful and also for obtaining certain incredibly good subject matter most people are really eager to be informed on. My sincere regret for not expressing gratitude to you sooner.

  13. Thanks so much for giving everyone an extremely memorable possiblity to read critical reviews from this site. It is often so kind and also full of fun for me and my office fellow workers to search your site more than thrice per week to find out the fresh issues you will have. And of course, I’m so actually amazed considering the mind-boggling knowledge you serve. Certain 2 facts in this posting are essentially the best I have ever had.

  14. I enjoy you because of all your efforts on this web site. Debby delights in getting into investigation and it’s really obvious why. Almost all learn all concerning the lively method you present helpful ideas through your website and as well welcome participation from website visitors on the point while our princess is without a doubt discovering so much. Take pleasure in the remaining portion of the year. You’re the one doing a good job.

  15. Thank you a lot for giving everyone an exceptionally terrific opportunity to read from this website. It’s usually so awesome and also jam-packed with a great time for me personally and my office acquaintances to search your website on the least thrice per week to study the newest secrets you will have. Of course, I am also at all times motivated for the attractive techniques you give. Selected 3 tips in this posting are in reality the simplest we’ve ever had.

  16. I wish to express some appreciation to the writer just for rescuing me from such a challenge. Just after checking throughout the world wide web and seeing ideas which were not helpful, I thought my entire life was over. Being alive without the presence of answers to the problems you’ve sorted out by way of your entire website is a crucial case, and those which could have badly affected my entire career if I had not encountered your web site. Your main competence and kindness in taking care of the whole lot was useful. I am not sure what I would have done if I had not come across such a solution like this. I can also at this moment look forward to my future. Thanks very much for your expert and sensible help. I will not hesitate to endorse your site to any individual who wants and needs counselling on this matter.

  17. I and my buddies happened to be reading through the great thoughts from your web blog and so all of a sudden I had an awful feeling I never expressed respect to the site owner for those secrets. My young men became absolutely warmed to learn all of them and already have definitely been taking pleasure in them. Thank you for truly being quite considerate and for settling on this kind of great tips most people are really eager to be aware of. My personal sincere apologies for not expressing gratitude to you earlier.

  18. I needed to write you that tiny remark to be able to thank you very much over again for all the awesome advice you’ve documented at this time. It is quite incredibly open-handed of you to supply openly just what a lot of people might have offered for sale for an e book in order to make some bucks on their own, even more so seeing that you could possibly have tried it in case you considered necessary. The tactics in addition acted to become a fantastic way to realize that other people have similar fervor just like my own to find out good deal more in respect of this issue. I believe there are numerous more enjoyable moments up front for individuals who looked over your website.

Leave a Reply