Lately, the Indian real estate world has had its share of good and tough times. Things like uncertain economies, worldwide issues, and the COVID-19 pandemic were contributing factors to the bumpy ride the real estate market has witnessed recently. But despite all this, things seem to be bouncing back strong now that regular economic activities start to pick pace. One place where this shows is in offices – there's been around 35% increase in leasing as compared to the year before.
As flexible work patterns gain ground, companies might embrace Return to Office (RTO) and hybrid work strategies. These strategies will involve understanding what employees prefer, setting clear RTO objectives, and recognising new ways of working. There are certain factors that come into play, like how employees travel to work, easy access and convenience in workspaces. Moreover, having flexible offices in MMR will be important factors for companies.
Additionally, it is there is a bigger focus on making workplaces better and more engaging. Things like using technology, being eco-friendly, promoting health and well-being, offering services, building brand connections, and designing functional spaces will all be vital in making workspaces even better.
A report states that buildings are responsible for 40% of global greenhouse gas emissions. And since more and more people are trying to carry out sustainable and eco-friendly actions, they are also looking for real estate options that are green and environmentally friendly. Today, it's not only about doing the right thing but also being responsible. Whether it is someone planning to buy a commercial property in Mumbai or rent a flat in Thane, they tend to give preference to sustainable designs.
And this is the reason why we are coming across many more green buildings in different areas, especially in areas like MMR. Another recent report suggests that by 2030, around 50% of the market could most likely comprise such sustainable buildings. This trend is happening has started to pick pace in the office sector too.
Digital tools have become extremely important for making property management better and also for making supply chains stronger and more prepared. The attention towards investing in digital solutions is gradually growing, becoming a key aspect throughout the entire lifecycle of real estate. This covers everything from starting a project, making a big plan, managing properties, taking care of portfolios, and much more.
For the industrial and logistics sector, technology is now more about managing what people want and what is available instead of just keeping an eye on how things move around. In addition, the Retail sector has also been using technology a lot to get people to come back to physical stores. This means that the blending of in-person shopping and online shopping will likely continue to be a big strategy for retailers in the coming year.
While online shopping has been around for quite some time, its significance has surged across various industries, particularly in response to the pandemic. The real estate sector is also in its initial phase of going digital. It is only a matter of time before buying houses and buildings online would be the new normal.
In recent times, individuals have turned to digital platforms to find their new abode. Whether they are looking for a flat in Thane or a villa in Navi Mumbai, you have it all just at your fingertips. Furthermore, various components that are crucial to the home-buying process, such as virtual property tours, broker fees, rental expenses, deposits, lease contracts, and even home loan applications, have transitioned to digital realms. This transformative shift is poised to play a pivotal role in influencing real estate transactions in the foreseeable future, reshaping the dynamics of the real estate market.
In recent times, the real estate sector has undergone notable transformations. Adapting to the dynamic landscape is crucial to align with economic shifts and evolving preferences. In the coming years, technological integration, sustainability, flexibility, and online property searches are most likely to take centre stage.
By staying attuned to these trends and regulatory enhancements, the real estate sector can not only flourish but also address the ever-changing demands of buyers and investors. We hope that this information will help you gain a better understanding of the realty market and might aid in your search for flat in Thane, Mumbai, or Navi Mumbai.
In today's rapidly changing world of commerce, where the ability to adjust and be versatile is pivotal for prosperity, the selection of suitable office premises can wield considerable influence. Amongst the numerous alternatives at hand, two particular terms frequently gain prominence: secured office areas and virtual office settings. Although each possesses its own strengths, they are distinctly purposed. To effectively comprehend the distinctions and arrive at a well-informed choice, it becomes imperative to delve into the dissimilarities between these two alternatives.
The use of digital technology has become an integral part of working in almost every industry and business sector. Sadly, the real estate industry was somewhat lagging in adopting this technology and exploiting its numerous benefits. Thankfully, things are changing rapidly, and the emergence of innovative PropTech solutions in recent years has paved the way for further growth.
Most Indians have heard references to the term TDS about income tax. TDS is an acronym that refers to Tax Deducted at Source. The Income Tax Act specifies certain scenarios in which the payments received by a person are made after subtraction of the tax dues. This means the person making the payment must deduct the tax and deposit it with the government. In real estate dealings, too, TDS may be deducted under certain conditions.