Due to urbanization, changing demographics, and a renewed emphasis on affordable housing, the Indian real estate market is undergoing significant transformation. The emergence of integrated townships, combining housing with community, sustainability, and other amenities to create holistic living experiences, is a clear example of this evolution. The CEO (Residential) of real estate company Bhartiya Urban, Ashwinder Singh, provides insights on investor opportunities and the state of the Indian real estate market, particularly in Bengaluru, in an interview with News18.com. Edited excerpts:
What effects on investor confidence, security, and transparency are the implications of Sebi’s legalization of fractional ownership?
By enhancing transparency and security measures, Sebi’s recent move to formalize fractional ownership has the potential to boost investor confidence. Place these platforms under the regulatory purview of Sebi guarantees compliance with strict guidelines, equitable procedures, and the protection of investor interests. The regulatory framework mandates exhaustive and transparent disclosures to give investors the information they need to make well-informed decisions.
Enacting investor protection measures will also provide recourse if any issues arise. These measures include fund segregation and dispute-resolution mechanisms.
SEBI oversight should encourage thorough due diligence on assets put up for sale, lowering the possibility of encouraging illiquid or fraudulent investments.
Give your thoughts on the state of the Indian real estate market right now.
In recent times, India’s real estate industry has undergone notable changes. The need for residential real estate is increasing due to several factors, including population growth, urbanization, and a strong focus on affordable housing. The advent of integrated townships signifies a movement towards all-encompassing living situations involving housing, community, amenities, and sustainability.
What makes the Bengaluru real estate market unique, and why would you advise investors to focus on it first?
One of the most sought-after real estate markets nationwide, Bengaluru continuously produces strong returns for established and emerging markets. In Bengaluru, there were almost 2 lakh home sales in just the first three quarters of 2023. The city is a popular place to settle down because of its thriving startup scene and well-established IT sector, which draws millennials. The real estate market in Bengaluru will continue to grow, providing end users and their families with a wide range of well-designed homes in handy locations.
With the expected expansion of the economy and the growing demand for housing, investing in the Indian real estate market offers a bright future. Notably, non-resident Indians (NRI) are increasingly looking to invest in the Indian market and find retirement homes or second homes for travel. In light of these elements, real estate investing in 2024 presents an opportunity to take advantage of market conditions and generate long-term gains.
Describe Bhartiya Urban, its projects, and the reasons behind its prominence as a Bengaluru residential area.
Bengaluru’s Bhartiya Urban is a massive integrated city constructed close to Hebbal. Spread across multiple districts such as residential, commercial, IT SEZ, hotels/ convention centers, and retail, it is projected to be the largest project of any Indian metro area. The city’s layout blends Indian architectural flairs with international urban planning.
With features like Central Park, schools, easy access to the airport, and other areas of Bengaluru, Bhartiya Urban hopes to become a thriving center for residential, commercial, entertainment, and cultural activities. With many different formats and price points, the residential options offered under the Nikoo Homes brand appeal to a diverse group of Indian families.
What do you think the future holds for the real estate industry for trends?
I aim to reinvent Indian urban living by developing integrated townships and residential projects. Our attention is now more on creating entire ecosystems, which includes beautiful homes, meeting people’s varied needs, and fusing modernity with sustainability and communal living.