Real estate stakeholders in Mumbai express optimism due to a resilient Indian economy and sustained domestic demand. Residential and commercial office sector deals have seen positive growth, indicating a favorable outlook for the real estate industry.
Real estate developers and financial institutions have shown increased optimism in India s realty sector over the next six months due to festive demand and the country s economic growth, according to the Knight Frank-NAREDCO sentiment index. Despite a slight dip in the current sentiment score, the future sentiment index ticked up slightly, reflecting stakeholder expectations of continued growth in the Indian economy and higher demand during the festive season.
China’s real estate challenges are directly linked to their GDP in China, the real estate sector’s contribution to GDP is almost 30 percent; in India 5.5 to 6 percent. Even in the next 25 years it will not be more than 15 percent, say real estate experts.
Many states have launched land records portals where people can check the records before buying land. However, the matches to cadastral drawings, the record of the history of transactions and the co-owners of the patta are not documented with any certainty
Following higher prospects in commercial space recently Rohan Lifescapes’ also closed a lucrative deal worth Rs 202 crore with Polycab India Ltd, for a commercial space nestled in The Ruby, the tallest commercial tower located in prime Dadar, which is already occupied by renowned MNCs.