The real estate sector, which has witnessed decades of traditional policy, is now revolutionized by ‘destroyers’, which have begun a new demand in the field, according to a report released by the CII’s ‘Real Estate – A Reluct’. Its knowledge partner is CBRE. The report, released at the CII CBRE Realty 2019 conference, listed smart cities, co-working spaces, affordable housing and logistics and warehouses as key disruptions.
Real estate trends are the key to shaping the future of Indian realty
The rise of smart cities is one of the influential factors shaping the future of the country’s real estate climate.Infrastructure restoration, sophisticated surveillance systems and widespread expansion of integrated Intelligent Traffic Management Systems in Tier-2 and Tier-3 cities are expected to streamline infrastructure.
Development of townships (under Make in India model) as a result of new industrial corridors.
By 2030, Delhi will surpass Tokyo as the world’s largest urban complex. India has 68 cities with a population of more than 1 million, from 42 today.
One of the primary factors to witness this progress by 2030 is to strengthen inter-regional connectivity by developing a comprehensive transport system.
In addition to driving sustainability in everyday life, the focus should also be on expanding affordable housing and developing an effective neighborhood plan.
