Experts Speak - Dr. Mohit Ramsinghani Shares Insights Into Profitable Real Estate Investments In India For 2023

Given the remarkable speed at which the Indian property market is growing, it is not surprising that anticipation for what lies ahead is widespread. The introduction of various trends such as green building, gated communities, improved amenities, cheap mortgage rates, and government support for low-income individuals played a major role in bolstering the market over the past year.

Now the focus shifts to the year ahead and the changes that may be in the offing in the housing sector in India. This includes evolving trends, regulatory changes and developments in major cities. Luckily, Dr. Mohit Ramsinghani is ready to navigate through these changes and offer solutions to possible implications for those interested in buying or selling real estate in 2023.

When asked what factors contribute to the potential profitability of investing in the real estate market in India given the expected economic growth and increasing demand for housing? Dr. Mohit Ramsinghani said to use real estate as a vehicle for investment, creating assets and opportunities for financial gain. In the real estate industry, a traditional distinction is made between buying a property for personal use and buying a property solely for investment purposes, as these are different asset classes. As the market has developed, commercial real estate has taken over as the go-to investment option and offers possibilities for income, while residential real estate is now mostly used for private purposes.

Real estate investing in India has the potential to be profitable because of the market's bright future. The demand for housing is anticipated to rise, and the economy is anticipated to grow healthily. India is therefore viewed as an appealing location for real estate investment, and continuous market expansion is anticipated.

Regarding the implications of non-resident Indians (NRIs) on the Indian real estate market, NRIs have a significant impact due to their sizable investments, cultural ties, and motivations like high returns on investment and a desire for retirement or vacation homes. With an anticipated investment of more than $13.4 billion in FY21 alone, "Non-resident Indians" (NRIs) are already a big force in the Indian real estate market, Dr. Mohit stated. Because of the high return on investment, the simplicity of the home-buying procedure, and their emotional and cultural ties to the nation, NRIs are drawn to investing in Indian real estate. The present trend indicates that NRIs are making investments in the Indian market to purchase a retirement residence or a second property where they may spend time traveling.

Dr. Mohit observed that millennial purchasers have a huge impact on how the Indian real estate market is changing. These millennials favor conducting their research and making purchases online, indicating that they are becoming more at ease in the digital world. It is anticipated that there would be less need for real office space as the trend towards remote and hybrid working methods grows. As a result, there will be more online transactions, which will be facilitated by the growing reliance on online payment options. Millennials will also probably expect better customer service and more openness from developers and builders. Together, these factors imply that the Indian real estate industry is at a turning point and that the years to come will be essential in determining how it develops.

Commenting on how the idea of fractional ownership is growing in popularity in the Indian real estate market and what effects the new regulations, which are scheduled to go into effect in 2023, are likely to have, particularly in terms of supplying and expanding opportunities for new entrants to the market due to the transparency in the investment contracts, Dr. Mohit added. By providing options for fractional ownership, the planned regulations, which are anticipated to take effect in 2023, seek to make it easier for new players to enter the market. Multiple owners that jointly own a property are said to have fractional ownership, which is frequently achieved through timeshares, dividing, or short-term rentals. With this ownership model, people can profit from ownership without having to deal with the responsibilities and expenses of upkeep.