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Investment in India’s real estate sector is likely to rise by 5 per cent to 6.5 billion dollars in 2020 as compared to 6.2 billion dollars in 2019. Investors interest has risen because of plethora of reforms such as enforcement of RERA, introduction of GST and relaxation of foreign direct investment norms, according to leading property consultants Colliers.
Based on the concept of aspirational living, the practice of constructing four-storied buildings on small plots and then selling off each floor to an independent buyer is slowly catching up in the metros. This has been a noticeable trend in Delhi for decades now. Couples in the high-income group are fast moving into 2, 3 or even 4BHK floors in Delhi/NCR, occupying such builder floor.
While the buzz about affordability never seems to stop in the realty sector, there is no lack of noise over luxury living, too. With a sharp rise in families with double incomes, fresh creative residential units are being turned into reality each day to feed the crowd looking for premium options. Among these, builder floor is a novel concept, targeting families wanting a private space in a luxury set up. The Gurgaon realty market, with premium buyers as its primary customers, is fast becoming a thriving market in this segment.