The Indian real estate market is undergoing a profound transformation fuelled by urbanisation, shifting demographics, and a renewed focus on affordable housing. This evolution is evident in the rise of integrated townships that embody holistic living experiences, seamlessly blending housing with amenities, community, and sustainability. In an interview with news18.com, real estate firm Bhartiya Urban’s CEO (Residential) (formerly), currently BCD India, Ashwinder R Singh shares insights on the current real estate industry in India, especially Bengaluru, and opportunities for investors. Edited excerpts:

How do you perceive the impact of Sebi’s initiative to formalise fractional ownership on investors’ confidence, transparency and security?

Sebi’s recent move to formalise fractional ownership is poised to bolster investor confidence through enhanced transparency and security measures. Bringing these platforms under Sebi’s regulatory umbrella ensures adherence to rigorous standards, fair practices, and the safeguarding of investor interests. The regulatory framework mandates clear and comprehensive disclosures, empowering investors with crucial information for informed decision-making.

Additionally, investor protection measures, such as fund segregation and dispute resolution mechanisms, will be implemented, offering recourse in case of any issues. SEBI’s oversight is expected to promote thorough due diligence on offered assets, mitigating the risk of exposure to fraudulent or illiquid investments.

Share your insights on the current landscape of the real estate market in India.

The real estate sector in India has witnessed significant transformations in recent years. The demand for residential real estate continues to rise, driven by factors such as urbanisation, changing demographics, and a pronounced emphasis on affordable housing. The emergence of integrated townships reflects a shift towards holistic living experiences that encompass housing, amenities, community, and sustainability.

What distinguishes the Bengaluru real estate market, and why would you recommend it as the primary choice for investors?

The Bengaluru real estate market stands out as one of the most sought-after in the country, consistently delivering robust returns across established and emerging segments. In the first three quarters of 2023, more than 50,000 homes were sold in Bengaluru. The city’s dynamic startup ecosystem and well-established IT industry continue to attract millennials nationwide, making it a desirable location for settlement. Bengaluru’s real estate sector is expected to thrive, offering well-designed properties in convenient locations to meet the diverse needs of end-users and their families.

The year 2023 augured well for the realty sector, and 2024 is expected to be another good year. What advice would you give to investors in the real estate sector?

Investing in the Indian real estate market presents a promising opportunity for profitability, considering the anticipated economic growth and rising housing demand. Notably, there is a growing trend of non-resident Indians (NRIs) investing in the Indian market and seeking retirement homes or secondary residences for vacation purposes. Given these factors, investing in real estate in 2024 offers a favourable chance to capitalise on market conditions and reap long-term benefits.

Tell us about Bhartiya Urban, its projects, and why it has become a popular residential destination in Bengaluru.

Bhartiya Urban is a large-scale integrated city under development near Hebbal in Bengaluru. Encompassing various districts, including residential, commercial, IT SEZ, hotels/convention centres, and retail, it is envisioned to be the most extensive project within any metropolitan area in India. The city’s design combines global urban planning with a distinctive Indian architectural flavour.

Bhartiya Urban aims to be a vibrant hub for residential, entertainment, cultural, and commercial activities, offering amenities such as Central Park, schools, and convenient access to the airport and other parts of Bengaluru. The residential options under the Nikoo Homes brand cater to a diverse range of Indian families, with various formats and price points available.

How do you perceive current real estate trends and the vision for the sector?

I am dedicated to creating integrated townships and residential projects that redefine urban living in India. We are more focused on building entire ecosystems, including great homes, catering to the diverse needs of people and blending modernity with sustainability and community living.

This article was originally published in News18 on January 29, 2024, 13:36 IST. Some information has been updated.