India has always been a property-oriented market. Regardless of the booming industries, the flow of money into real estate has been steady and consistently increasing. In fact, people generate profits in their respective professions and reinvest most of it back into Indian property. This has been the trend for a very long time.
However, in recent years, there has been a paradigm shift. Professional real estate management companies are slowly emerging as the preferred investment destination for Indians worldwide. A survey indicates that the organized real estate sector in the country was a mere 2%, but it is expected to account for 20% by the end of this decade. That represents significant growth!
Considering the size of the country, 20% of the market being developed by the organized sector would significantly enhance the overall quality of property in India. As always, real estate quality reflects on all other industries around it. When property quality improves, all associated industries will also see better quality indicators.
Many individuals looking to buy residential property in India now prefer established realty companies like Omaxe. Most of these investors are NRIs who settled abroad many years ago. The reason is straightforward – going through a professional company adds value to your property and mitigates many risks. An emerging trend is that people are now buying and selling property in India in places where they have no direct interest! Previously, investments were made in their own cities. Now, investments happen wherever there is growth, signifying a positive shift in investors' mindset. Many sellers also prefer going through organized channels. There are good times ahead, and we are very happy!