What's the latest trends in real estate and things to remember while investing in current market
real estate market, staying ahead of the curve is vital for investors looking to make informed decisions. The Indian real estate sector has experienced profound transformations over the past few decades.
The rapid advancements in technology have not only impacted developers, civil engineers, and contractors but also lenders, accountants, marketing managers, and, most importantly, home buyers.
«Modern home buyers seek more than just brick-and-mortar structures; they desire homes equipped with modern amenities, broadband connectivity, 24-hour security, community centers, green spaces, and more.
As technology evolves, home buyers' preferences will also change, and these cutting-edge tools empower developers to understand and adapt to these evolving demands, staying relevant in a dynamic market,» Dhruv Agarwala — Group CEO, Housing.com, PropTiger.com & Makaan.com said.
According to a report by Mordor Intelligence, India's real estate industry is estimated to be worth $265.2 billion in 2023, projected to reach $828.75 billion by 2028, growing at a CAGR of 25.6%. Real estate has come a long way becoming increasingly digitalized, thanks to technology.
«The days when property buying, renting, or managing was a complex process are long behind. With cutting-edge technological evolutions at the fore, the entire process of property acquiring and selling has undergone a massive transformation,» Dhruv said.
«The rapid advancements in technology have not only impacted developers, civil engineers, and contractors but also lenders, accountants, marketing managers, and, most importantly, home buyers.
