2016 OPTIMISM AHERD - LIVE IT UP in 2016!





As the housing market recovers, experts feel investors should leverage on the New Year to invest wisely in the real estate space 

 

2015 has not been an easy ride for the real estate sector. Apart from cyclical factors, the sector has been roiled by issues such as delay in approval, harassment from authorities, demand-supply mismatch, so on and so forth.Investors fled the market; developers almost shut down their businesses. The tide is now again turning towards the sector with easing of FDI norms, renewal of interest from foreign investors and revival of demand of commercial spaces. So, investors are once again gung-ho about fresh buying prospects. But, experts feel one should be careful as the sector is at a nascent stage of recovery. 

 

Here are some new ideas to invest wisely in 2016: 

 

BUY SMALL OFFICES: 2016 is a great time to invest in small offices, which are being sold at much lower valuations.Jai Mavani, executive director at Shapoorji Pallonji Real Estate, says, “There is definitely going to be a turnaround in commercial property.“

 SENIOR HOUSING: This is a great space to invest in, in the coming year. “Such projects not only provide seniorfriendly accommodations but also medical facilities,“ says Shubhranshu Pani, managing director, infrastructure services at JLL India.

READY RESIDENTIAL PROPERTIES: Pick up ready residential properties in the secondary market at around 10-20 per cent discount from the current market value, according to Sanjay Dutt, executive managing director (South Asia) for Cushman & Wakefield.

WEIGH YOUR GAINS FOR RESIDENTIAL SPACE: If you adopt some scientific understanding for residential space in terms of incremental infrastructure and job opportunities, you would not go wrong, according to Samantak Das, chief economist and na tional director of Knight Frank India.

BE BRAND-CONSCIOUS: If you are buying a land or an apartment for investment in any micro-market, make sure it is built by a good developer, with promises of good infrastructure and amenities. “Traditional elements of buying spaces should not be forgotten.Fundamentals should not be overlooked. Cyclical factors are not important,“ says Vinod Rohira, director at K Raheja group.