Residential real estate demand infused by upcoming infra projects

Infrastructure is always a key driver for the real estate segment. With Finance Minister Nirmala Sitharaman’s announcement on the government’s intention to spend Rs 102 lakh crore on infra projects in the next five years, this is a great opportunity for developers to study new markets and take advantage of locations that offer promise.

Infrastructure is always a key driver for the real estate segment. With Finance Minister Nirmala Sitharaman’s announcement on the government’s intention to spend Rs 102 lakh crore on infra projects in the next five years, this is a great opportunity for developers to study new markets and take advantage of locations that offer promise. The metro work in Mumbai has pushed buyers in the real estate segment to consider areas that were earlier not in demand. In Pune, the demand has shifted closer to the Mumbai-Pune Expressway. But, along with these developments in the infrastructure, there must be local policies to support buying. In cities like Hyderabad, and NCR, the stamp duty and registration hikes have been followed by a rise in property tax as well. The demand for completed projects is growing and builders with track records of healthy practices and timely delivery will be able to lead the race.

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