B Desk Real Estate | Best Real Estate Company in Tricity

1. GROWTH STORY ANALYSIS IN REAL ESTATE SECTOR OF TOP TIER AND TIER 1 CITIES OF INDIA We often get into a debate of classifying the better performing regions in real estate sector. This becomes even more debatable after the reforms that have been introduced since last year starting from demonetization to GST. So, when it’s about understanding the genesis behind the real estate growth of different cities, many factors and facts give us a light to draw an effective conclusion. Last two quarters have given much of a turbulent to the real estate sector. There has been a decline in overall real estate sector growth. After the reform of demonetization, we have seen mixed impact on this sector. Some regions have shown incredible growth and some regions have shown sharp decline in the profits or sales. A city like Mohali, which is expected to be another IT city of India, has shown a tremendous growth in the real estate sector. We often take a view that tier 1 cities have better real estate market than the tier 2 cities, but this trend has not been consistent. BDesk gives you a brief insight about the position of the real state sector in these regions and current position of the sales and how the real estate sector has been performing since the major reforms of GST, RERA ACT and Demonetization. Cities like Chandigarh and Mohali have made a considerable growth and have stood out the best among the cities in growth of real estate market. While the Real estate sector in India is estimated to touch $180 billion by 2020, these cities will act as major growth driver. The growth for residential housing will be multiple time as there will be increase in household income of the buyers, which means higher disposable incomes. These buyers will certainly prefer some eco-friendly or greener areas rather than going for outskirts of some top tier city. Top tier cities have shown a decline in real estate sector and they have been in miserable state. One Name that stands out in the decline of real estate sector is Delhi. There have been famous projects such as aero city and other high luxury residential projects in this area, but this region’s overall state has not been good from past few months. Having a look at the Real estate market of Delhi and NCR region, this region is the worst performing region since last 2-3 quarters. Prices have declines, demand has fallen and new launches have gone on halt. Three factors that are being blamed for the bad condition of real estate sector are RERA Act, 2016, GST and demonetization. The magnitude of unsold inventory in this region is one of the highest and the sales in this region declined by more than 27%. The property dealers are going through negative returns. There has been no growth in the prices and failure of the government to apply the RERA provisions has also made the property deals in loss. Now looking at a brighter spot in the Real estate sector, comes “TRICITY” The developments in the form of GST and RERA have been a boon for this region. This region has seen the highest number of projects and the real estate transaction rate in

2. this region has increased by more than 20%. According to a statement made Sales director of GBP group, the average monthly transaction is this region was whooping 500 crore, which is the highest. Major projects including IT city of GMADA has shown a good result and many other projects in this region have shown a great potential for the Real estate growth in coming months Thus, we can draw a brief conclusion from these facts that real estate sector “tricity” has outclassed the likes of Delhi and other top tier cities. The easily approachable health, education and hospitality sector and the best Eco Friendly environment of this region gives you every reason to prefer this region than any other region in the country.