Real Estate Outlook For 2019 By Jeevesh Sabharwal

By Author: Jeevesh Sabharwal
Total Articles: 4
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Real estate in India has seen some major reforms in the past couple of years. While RERA (Real Estate Regulations Act) compelled the builders to complete the projects they undertook, the steady economic growth of our country improved the investments in this sector. The stringent measures enforced by RERA have increased transparency and accountability. Only credible players will stay in the market, and this will have a positively attract domestic and institutional investors.
2016, 2017 and 2018 were years of economic and taxation reforms in India and therefore a lot of time was devoted to understanding GST and other policies run by the central government. This lapse of time will undoubtedly give a boost to the projects in 2019 and investors are likely to see a positive outcome due to this.
Here are some trends that are expected to revamp the real estate market in the coming year:
Growth in demand for commercial spaces
Commercial spaces that consist of offices and business set-ups have always been a driving force of the real estate industry. The trend of lavish Grade A offices and co-working spaces has ...
... already crept-in most of the cities in India, and this has kept the developers and their stakeholders happy. The government of India has also kept its promise to support budding entrepreneurs, and this has led to an enormous increase in start-ups. These start-ups will ultimately require offices, and this will provide more business to the builders and construction companies.
The launch of REITs (Real Estate Investment Trusts) to finance the real estate sector will also boost FDI (Foreign Direct Investment), and this will improve the investment volume in 2019.
Expanding cities
We see that most of the metropolitan cities have expanded to accommodate the individuals who relocate from villages to towns to fulfill their employment and other requirements. This trend is now being seen across all the major cities in India especially where the NIDC (National Industrial Development Corporation) have set up new industries and projects. This had led to the development of several construction companies and contractors who undertake projects led by the government.
Also, this has increased the need for affordable homes. As a result, companies that provide services related to the real estate are also expecting a fruitful year.
Consolidation of the market
Economic reforms such as the prohibition of unsolicited transactions as per the Benami Transactions Amendment Act (2016) and demonetization has reduced money laundering, bribes and other fraudulent activities that were rampant in the real estate sector. These changes might have reduced the overall size of the market, but this has also allowed top players to consolidate their position in the market. As a result, we have seen a rise in the real estate investment opportunities which will most likely remain the same in 2019.
General Elections
The General Lok Sabha elections will be held in May 2019, and this can prove to be a deciding factor for the real estate sector especially in the first half of the year. Developers and investors might take a back seat during the elections, and they are likely to modify their projects and plans post elections. However, this will also allow the customers to bargain the rates of houses, shops, and office spaces. As a result, the first three months are going to be crucial for those who are planning to buy a new property.
To sum it up, 2019 seems to be a promising year for the real estate market in India. It will start on a conservative note but will gain momentum post-elections. Developers, investors, and buyers must keep track of the above trends closely if they wish to ride the wave of success that will sweep the nation in the coming months.

About the Author:
Jeevesh Sabharwal is the Founder & Director of The Horizon Buildcon. He is a Business Administration graduate from Western International University, USA. He believes in his father, Naresh Sabharwal’s vision as a second generation entrepreneur and carries the legacy of meaningfully touching the lives of employees, creating values for customers and leaving a legacy of inspiration for the future generations.
He shoulders multifarious portfolios and handles family-owned group of companies in real estate, construction and trading. The Horizon Buildcon was conceptualized in the year 2006 as Jeevesh’s flagship company. Since then the company has been rendering its expertise in envisioning, building, and developing residential, commercial and affordable infrastructure. Expanding their presence in North India, the company has developed multiple real estate projects in the states of Delhi/NCR, Punjab, Jammu and Kashmir and Maharashtra (Nasik).
Jeevesh shares his forte in real estate where his company is making the world a better place by creating contemporary housing and world-class commercial, residential and recreational properties. But that’s not just it; he also exhibits an impressive leadership in international trade across a wide range of product lines like building material and furnishings, liquor, ethnic wear and more.
Jeevesh Sabharwal is based out of New Delhi (India). He also handles Group offices in China and Dubai.