Ashish Aggarwal

  The Indian real estate sector has been on a roller coaster ride in recent years, with its fair share of ups and downs. However, with the implementation of government policies such as the Real Estate (Regulation and Development) Act, 2016, and the Goods and Services Tax (GST), the sector is showing signs of recovery. In this article, Mr. Ashish Aggarwal , Founder and CEO, SpaceMantra shared some of the new trends in real estate in India. 1.          Affordable Housing: Affordable housing is one of the fastest-growing segments in the Indian real estate sector. The government has launched schemes like Pradhan Mantri Awas Yojana (PMAY) and Credit Linked Subsidy Scheme (CLSS) to provide affordable housing to the economically weaker sections and middle-income groups. The demand for affordable housing is high, and builders are responding by constructing smaller, more affordable homes. 2.          Co-...

  India's property market has been growing rapidly in recent years, attracting investors from all over the world. According to the World Bank, India's real estate industry is expected to reach $1 trillion by 2030, making it one of the largest in the world. The market is driven by a growing population, urbanization, and increasing demand for affordable housing. One of the key factors driving growth in India's property market is the country's rising middle class. India's middle class is expected to grow from 300 million people in 2018 to 550 million by 2025. This growing middle class is driving demand for affordable housing, particularly in urban areas. Another factor driving growth in India's property market is urbanization. India's urban population is expected to reach 600 million by 2030, up from 377 million in 2011. This rapid urbanization is creating a need for new housing, as well as commercial and retail spaces. Despite the growth in India's propert...