The recent globalization adopted by the Indian economy has lead to an enormous exposure to the traders, buyers and stakeholders in the country. Over the past decade, a considerable change has taken place in the development, selling, buying and habitation of the Indian real estate segment. In the present condition, Indian realty segment has rapidly changed owning to the proliferating sources of dissimilar investment options and modern demand structures. The flourishing market and rising flow of FDI has not just inflated the scope of business but also have a great impact on the preferential patterns in the commercial and residential of the country.
With the increasing income of people, the demand for real estate properties in the country are changing. Along with this change, change in specifications and amenities also occur. Specifically in the tier-1 cities, the focus of home aspirers has turned into luxury segment. Demand for premium homes and villas with world class amenities are on increase. People look for such properties in a prime address. The growing trend has changed the mindset of people considerably as for which they are investing their money in an asset. The growing magnitude of value returns from properties has encouraged the end-users to look homes as like an investment product. Therefore, to add value for their property in the future, most of the investors in the present day, are demanding for all specifications and amenities which are fairly new for Indian residential market.
Over the last few decades, numerous funds from across the world have been observed over Indian realty market. It has been noticed that foreign developers and international funds are making their collaboration with local and well expertise Indian builders. With such collaborations, the international builders are hedging their investment through gaining secure exposure to the real estate business in India. The participation of international funds in Indian real estate sector increases the growth sector for luxury properties. Also, these funds have advanced with a familiar approach to supply to the weird demands of locals. This in turn has given a heavy push to the secondary markets for cashing the investment. By that day, demand for homes with high end maintenance and recreational features and amenities have risen in the Indian real estate market.
Owning to ample exposure, the Indian realty segment is experiencing tough time with the collaborations between international and local stakeholders. According to real estate professionals, lucrative opportunities are available in the tier 1 and tier 2 cities of the country. Along with rapid urbanization of Chennai, the growth in the city is sprawling around all the suburban regions. This is guiding Chennai real estate builders to develop huge number of township projects. Over the past few decades, the saga of development in the city has been recounting with different aspects. Furthermore, the contribution from international investors over weakening rupee rate is showing major growth. Hence, the individual owning a house at real estate projects in Chennai holds a promising growth. Also, the individual holding a property in any of the subsectors of the metro is promised with huge growth.