India has always been a property oriented market. Irrespective of all the industries that have been booming, money flow into real estate has been steady and consistently increasing. In fact, people make money in their respective professions and most of the profits go back into property in India. That has been the way things have been for a very long time.
However, in the recent years, there has been a paradigm shift, and professional real estate management companies are slowly emerging as the preferred destination for investments of Indians from around the world. A survey states that the organized real estate sector in the country was a mere 2%, and will be counting for 20% by the end of this decade. That is serious growth!
If you look at the size of the country we are talking about, 20% of the market being developed by the organized sector would ensure that the overall quality of property in India would go up big time. And as always, property always reflects on all the other industries around it. So, when the quality of real estate becomes better, all the other indicators in all other associated industries would also become of a better quality.
A lot of people looking to buy residential property in India now prefer to go through established realty companies like Omaxe. Most of those investors are NRIs who’ve settled abroad many years ago. The reason is simple – going through a professional company adds value to your property in India, and is any day a better buy, as there are a lot of risks that are mitigated. The surprising trend is that people are now buy sell property in India in places that they have no direct interest in! All these years, investments were in our own cities. Now, investment happens wherever there is growth, and that is a very positive shift in the thought process of the investor. And many sellers also now prefer to go through organized channels. There are good times ahead – and we’re very happy!!