The Indian real estate market is undergoing profound transformation due to urbanization, changing demographics and a renewed focus on affordable housing. This growth is evident in the rise of integrated townships that are a seamless blend of housing with holistic living experience, amenities, community and sustainability. In an interview with real estate firm news18.com Ashwinidar Singh, CEO of Bharatiya Urban Shares insights on the current real estate industry in India, especially Bengaluru, and opportunities for investors. Edited excerpts:
How do you see the impact of SEBI’s initiative to formalize fractional ownership on investor confidence, transparency and security?
SEBI’s recent move to formalize fractional ownership is set to strengthen investor confidence through increased transparency and safeguards. Bringing these platforms under the regulatory umbrella of SEBI ensures adherence to rigorous standards, fair practices and protection of investor interests. The regulatory framework mandates clear and comprehensive disclosures, providing investors with critical information to make informed decisions.
Additionally, investor protection measures such as fund segregation and dispute resolution mechanisms will be implemented, which will provide recourse in case of any issues. SEBI’s monitoring is expected to promote thorough due diligence on the assets offered, thereby reducing the risk of fraudulent or illiquid investments.
Share your insights on the current scenario of real estate market in India.
The real estate sector in India has witnessed significant changes in recent years. Demand for residential real estate is continuously increasing, driven by factors such as urbanisation, changing demographics and a clear emphasis on affordable housing. The emergence of integrated townships reflects a shift towards holistic living experiences that include housing, amenities, community and sustainability.
What differentiates the Bengaluru real estate market, and why would you recommend it as a primary choice for investors?
The Bengaluru real estate market is one of the most sought-after markets in the country, consistently delivering strong returns across established and emerging sectors. In the first three quarters of 2023 alone, around 2 lakh residential units were sold in Bengaluru. The city’s dynamic startup ecosystem and well-established IT industry continues to attract the millennial generation across the country, making it a desirable location for settlement. Bengaluru’s real estate sector is expected to flourish, offering well-designed properties at convenient locations to meet the diverse needs of end users and their families.
The year 2023 bodes well for the realty sector, and 2024 is expected to be another good year. What advice would you give to investors in the real estate sector?
Given the anticipated economic growth and increasing housing demand, investment in the Indian real estate market presents a promising opportunity for profitability. In particular, there is a growing trend for non-resident Indians (NRIs) to invest in the Indian market and look for retirement homes or secondary residences for holiday purposes. Given these factors, investing in real estate in 2024 offers a favorable opportunity to capitalize on market conditions and reap long-term gains.
Tell us about Bharatiya Urban, its projects and why it has become a popular residential destination in Bengaluru.
A large-scale integrated city development is underway near Hebbal in urban Bengaluru, India. Covering various districts including residential, commercial, IT SEZ, hotel/convention center and retail, it is considered to be the most comprehensive project within any metropolitan area in India. The city’s design combines global urban planning with a distinctly Indian architectural flavour.
Bharatiya Urban aims to be a vibrant hub for residential, entertainment, cultural and commercial activities, offering amenities such as Central Park, schools and convenient access to the airport and other parts of Bengaluru. Residential options under the Niku Homes brand cater to the needs of a variety of Indian families, with a variety of formats and price points available.
How do you see the current real estate trends and outlook for the sector?
I am dedicated to creating integrated townships and residential projects that redefine urban living in India. We are more focused on building a complete ecosystem including great homes, meeting the diverse needs of people and blending modernity with sustainability and community living.
Follow us on Google news ,Twitter , and Join Whatsapp Group of thelocalreport.in
