The real estate market could not live up to its expectations in 2017. The market was reeling under a continuous slowdown and demonetization was one of the deterrents that hit the market badly. Property prices however started showing stability towards the end of 2019. Significant enforcements like Real Estate Regulation Act (RERA), GST will expectedly normalize and recover the stagnancy observed in real estate market. Here is a look at top trends in real estate in Delhi NCR in 2018.

Rise in Global Capital Flow

India has the fourth global ranking in terms of Foreign Direct Investment (FDI) inflows as per the last announced report on World Investment by United Nations for developments in trade. Improvement in regulations, increased transparency and declaration of GST norms have propelled India, more precisely the real estate in Delhi NCR, to the stature of a lucrative and promising market domain for global investment. Private equity and capital influx are also expected to grow steadily in the next few years. Even Non-Resident Indians are now eyeing for reliable and luxurious residential apartments in Delhi, Gurgaon, and Noida.

Revised Business Model

A game-changing trend in real estate in Delhi NCR is now functional. Earlier, delays in project delivery was a more common sight, what with developers announcing various projects, without being completely sure of their delivery schedules, much to the customers woes. Now under the recently introduced RERA act, completion of projects, within a given timeline has become an obligation for developers to comply. It is going to initiate the much-needed change in the real estate business model. All recognized companies of real estate in Delhi NCR would henceforth operate with absolute transparency and responsibility.

Emergence of Hybrid Spaces

With the ever-burgeoning start-up culture, companies are now scurrying towards co-working set-ups that are more pronounced in metros. Commercial properties and shared workplaces are becoming a common thing. This concept of Hybrid Spaces, by leasing a part of the office area and working alongside complete strangers, works well with small business enterprises that are reluctant to spend much on necessary office facilities. These Hybrid Spaces are in demand nowadays in Delhi NCR because of the “no strings attached” type of format and affordability.

Affordable Housing Schemes

External commercial borrowing (ECBs) and recycled financing of housing loans, offered by nationalized banks, will amply facilitate growth and development of affordable houses. This will guarantee that the affordability factor in housing sectors receives additional recognition and attention from different companies of real estate in Delhi NCR.