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The Present Situation of Real Estate Infrastructure in India (1)

The Present Situation of Real Estate Infrastructure in India

Today’s urbanisation has given infrastructure depth in terms of development, convenience and connectivity. Infrastructure comes in many forms but can be divided into two categories: social and economic. The most popular among these are railways, roads, human resources and housing.

At its core, infrastructure is a network of developments that are essential for an economy to operate efficiently. Housing amongst these is, in fact, one of the most popular types of social infrastructure. It is one of the most popular types of infra that guarantees steadfast futuristic growth.

Infrastructure flourishes because of real estate. This is why it is said that real estate cannot exist independently without infrastructure; they are mutually dependent on each other.

Infrastructure and real estate are the two most crucial sectors in any developing economy. A well-organised infrastructural setup can propel the development of an entire country. This will, in turn, attract private and foreign investments, thereby creating a capital base for the country’s economy.

A systematic real estate sector that consists of housing, retail, commercial properties, and hospitality is imperative to the success of an economy and, in turn, supports the development of other infrastructure sectors.

The infrastructure sector in India is responsible for propelling India’s overall development. Since decades, infrastructure has been considered to be one of the most prime sectors in India and has played an important role in allowing the country to stand out as one of the fastest-growing economies in the world.

The global financial crisis of 2008 that led to inflation and policy gridlocks had resulted in a slight slump in this sector in the recent past. However, with several reforms undertaken by the Indian government, real estate infrastructure has witnessed a healthy revival.

The liberalisation of the FBI rules for real estate, the easy flow of foreign investment and the enactment of RERA has brought back the vigour in this industry. The Indian government’s relentless efforts to promise housing for all by 2022 and the plans of developing smart cities has in turn drawn considerable activity in this sector.

Due to all of these progressive factors, investors are now looking to invest and gain a greater share of infrastructure that India has to offer. India’s share of global consumption is predicted to take over China, the USA and Europe within a decade.

The Infrastructure sector plays a crucial role in accelerating growth and driving economic change. As the lockdown caused by the Covid-19 pandemic eased throughout the country, real estate was amongst the few reliable sectors that one could depend on.

Furthermore, by integrating the latest technology and building smart cities, futuristic infrastructure has brought about commendable changes in real estate. This can be seen in the efforts of real estate builders in Mumbai, with properties that include state-of-the-art amenities, premium housing facilities and excellent social infrastructure.

In the past few years, there have been improvements across all infrastructure sectors, especially real estate, and the government’s efforts to aid this sector will surely provide sustainable growth in the next ten years.

The increasing impetus to develop infrastructure in the country has led to the emergence of the private sector as a key player in real estate projects. From roads to airports and buildings, the Government of India has initiated the fast-tracking of under-construction projects to make infrastructure an up and coming sector.

Developers in Mumbai now understand that building sound and sustainable infrastructure requires space, opportunity and a stable network. Before any real estate developments, infrastructure must be put in place to inspect the availability of resources and whether it is a plausible location to erect any real estate property.

Investing in the right real estate property at the right location from a renowned developer can prove to be the best form of investment in the long run.

Investing in real estate infrastructure guarantees predictable cash flow, excellent returns, tax deductions, generation of regular rental income and is a risk-free asset. Owing to these factors, it is possible to leverage real estate easily and build your investment portfolio and wealth.

In present times, there is high potential for both residential and commercial real estate sectors. Higher residential demand is driving growth and inclining people towards co-living spaces, the novel concept of which has gained wide traction in metropolitan cities, especially Mumbai. This trend acts as a catalyst for organised rental space and yields positive results for buyers and investors alike.

When you are considering investing in real estate, there are certain factors that you must take into account before making your final decision. Residential property in Mumbai can have its highs and lows, which is why the infrastructure of a location is something you must carefully look focus on.

Luxury properties in Mumbai are an easier investment option because of the name, brand values, trust factor and word of mouth as compared to other flats, 1BHK properties and other real estate projects.

At the end of the day, real estate developers want to attract end-users who become clients to their residential projects in Mumbai. That is why the scenario of real estate in Mumbai can be tricky. They know that an area that is barren of any infrastructure would not appeal to their clients, as the quality of living would be low.

Real estate developers in Mumbai must carefully consider the locality, social infrastructure and amenities to offer value to the customers.

While scouting for suitable 2BHK flats or any other configuration of apartments in Mumbai, you must look at the road and rail connectivity it offers, proximity from educational centres, social outlets for shopping and leisure, water supply, safety in the neighbourhood, and the availability of healthcare. Developers and builders in Mumbai consider these parameters to be of paramount importance, and so should you. Only then you can find a property that gives you the best of everything, from luxury living to comfortable housing and a state-of-the-art lifestyle.

If you are looking to add something to your investment portfolio, real estate infrastructure is the perfect way. Look out for any promising upcoming residential projects in Mumbai to get started. By acknowledging the relationship between real estate and infrastructure, you can take a more holistic approach to begin your investment journey.

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