Rise of Industrial corridors:

Real estate bigwigs work with the sole motto –‘The next move is ours, no one else’s.’ Following the same vein, the cities that fall along the industrial corridors may experience a paradigm shift from backwater areas to industrial hubs. This is affected by the interplay of several factors such as the presence of industrial clusters, towns and urban regions, merit in thoughts and forthright views. Affordable Housing: There is a great deal of vision in BJP Government’s manifesto. ‘Housing for all’ is the recent real estate buzzword. Affordable housing is ruling the roost. By 2022, Government of India envisages a promising India. In addition, it wishes to see its citizens in fine fettle. To shake off any existing complacency, Government of India allocated a mammoth budget of approximately Rs.4000 crore for Affordable Housing. Tax incentives and loans have been revised. RBI and Government of India seem to go hand in hand in every walk of life. In July 2014, RBI remolded the definition of ‘affordable housing.’ As per the recent norms, home loans up to Rs.50 lakhs in metro areas come under the gamut of affordable housing. In addition, home loans up to Rs.40 lakhs in non-metro areas come under its purview. To dispel any existing odds in the real estate sector, RBI nodded in the affirmative to enhance the infrastructure status for affordable housing projects. This approval worked as a boon to many realty giants such as Mahindra Lifespace, Tata Housing and Supertech. Small is the next big thing: Well, this may seem to resemble an oxymoron. To all intents and purposes, it is a gospel truth. Separating fact from fiction, smaller properties are carving a niche for themselves. Large homes incur huge maintenance costs. As a consequence, large swanky houses have taken a backseat. More often than not, small houses do not burn a hole in the pockets of people. So, any after thoughts or second thoughts on the claim- ‘Small is the next big thing’? Just do away with those after thoughts and second thoughts. Resale properties: As per the real estate pundits, the increase in resale properties is an out of the blue consequence. Bangalore, Pune and Chennai have hogged the limelight in this aspect. Bangalore tops the list with an astounding availability of approximately 60 percent of the overall supply. The ballpark figure of Pune is 36 percent. Chennai comes close third with 31 percent. National Capital Region and Mumbai Metropolitan Region too seemed to have grabbed the spotlight for the availability of resale properties.  However, investors are cautious enough in not jumping the gun. If you wish to turn lavender in the real estate sector, 2015 is the hallmark year. Victory is imminent to those who take wise decisions. To be a part of epoch-making moments in 2015, invest in real estate sector. It is essential that you stay practical and stable so that you can actually manifest the dreams that you have been dreaming for so long of becoming a potential real estate investor!