In the recent budget 2021, two major incentives has given to the real estate sector are tax benefits for affordable housing and for private investment formats such as REITs and InvITs (Real Estate Investment Trusts and Infrastructure Investment Trusts).
The Finance minister proposed to extend by another year (till March 31, 2022) the tax exemption benefit, as well as deduction of interest on loans for affordable housing. Many of us not known the fact that real estate is the second-largest employer in the country. As much as 8% to the nation’s GDP. Anticipated to achieve 13% by 2025. 2021 is expected to improve the momentum and is most likely to be a promising year for the real estate industry. Hyderabad, a promising real estate hub, witnessed the fastest recovery. As per data collected at the end of oct 2020, Hyderabad had the lowest unsold inventory. Today, homebuyers are looking for properties that provide premium value additions like premium amenities, smart technology, and social infrastructure. The industry anticipates this shift to surge, thereby resulting in an increased demand for premium properties in the coming year. Technology adoption is another area that will see a huge shift in the real estate sector. Adoption of advanced technologies will continue to be at the forefront of priorities in 2021. More realty developers looking to invest in automation to bring in the real estate sector, which is artificial intelligence and big data to improve efficiency and mitigate risk; thereby improving the consumer experience. Hyderabad real estate is an affordable range with a higher return on investment, exhibition platform is always the driving force for the industry to provide every stakeholder to explore, discover, and to connect with the right choice available in the markets. Real estate in Hyderabad would defiantly reach to next level, as per the GHMC latest news they have approved 500 feet Hight giant buildings and few more huge structures are in the process of approval.
These activities witnesses the Hyderabad real estate growth and incoming future many more high rise constructions would join to Hyderabad. As a preferred Real Estate Investment destination, Hyderabad is constantly attracting demand across the globe. Global Industry has been dynamic but city has been giving the value every nature of Investor. Be a Dream Home Buyer or an Investor of Commercial Space or a Long-term Capital Investor on lands have seen value with time and expected to grow in double-digit percentages year on year. This kind of Demand has put the city on the global map attracting more and more. Various factors that make Hyderabad Global Preferred destinations are, It’s geographical presence, Diverse cosmopolitan culture, State of Art Civil and Social Infrastructure, Connectivity in Domestics and International transits, and Strong Local Government.
Comment on this post and let me know what you think.