Realty Assistant Global CEO Manasvi Mehrotra identifies Dubai and India as prime real estate investment hotspots

Manasvi Mehrotra, CEO, Realty Assistant Global

Noida (Uttar Pradesh) [India], April 4: The time for breaking into real estate is around the corner; in fact, you are living it! Markets worldwide are throwing up great opportunities. With a careful, crafted investment strategy, now is the time to take advantage of opportunities and make a sound investment.

Acknowledged industry leader and CEO, Realty Assistant Global, Manasvi Mehrotra, with over 15 years in the fields of residential, group housing, and commercial real estate development, as well as global real estate economics across India, US, Canada, Dubai, & Singapore, concurs with that thought.

“While markets are staggered globally, overall, it is a pretty picture. Off all global markets, Dubai is the current hotbed for residential investments. The demand is outstripping supply, and apartment prices were up 35% in 2022 compared with 2020, despite the peak of the pandemic, while villa prices have gone up by more than 50% during the same period,” he says.

“A lot of it has to do with the effective handling of the pandemic by the country has significantly increased its attractiveness to global investors. Dubai’s early easing of restrictions and reopening of tourism in 2020, while much of Europe remained under lockdown, has been a key factor in this.”

A glimpse of that lies in Dubai shattering its previous record of 80,000 residential sales transactions in 2009, as it achieved an astounding 86,000 transactions last year. A lot of it attributes to the UAE implementing multiple long-term visa choices that no longer require sponsorship, resulting in a significant influx of investors, remote workers, and entrepreneurs to the country and subsequently leading to the creation of more job opportunities.

Mr. Mehrotra draws a close parallel with India, another active operational market for Realty Assistant Global, an integrated realty advisory & solutions provider that caters to the GCC nations, the USA, Canada, and South Asia.

“The residential real estate sector in India is on a high, achieving a YoY sales growth of 68%, which confirms its position as one of the fastest developing industries in India. This new sales record highlights the industry’s significant progress,” he says.

When quizzed about what is fuelling this trend, he credits it to a combination of supporting factors to an underlying perspective shift towards home ownership.

“There is a palpable change in people’s preferences, with a greater focus on owning a home as opposed to renting. This shift is being fuelled by several factors, including the desire for a better standard of living, the increasing potential for higher earnings, and a growing number of consumers who have new aspirations and lifestyle changes.”

Mr. Mehrotra puts his weight equally behind commercial real estate, hitting a home run. “India’s robust growth prospects will result in increased demand for office and commercial spaces in Tier 1 and Tier 2 cities. This trend is already evident in the swift commercial development of cities such as Pune and Hyderabad. The co-working sector, which has effectively adjusted to evolving work demands, is emerging as a prominent player in meeting the requirements of India’s expanding youth population,” he adds.

Finally, what is that one piece of advice he has for young investors?

“Time your investments to really master real estate economics; everything else just falls in place.”

Business

Herbs and Hills: Where Nature Meets Nurture

New Delhi (India), June 17: Forget chemicals, embrace the earth! Herbs & Hills, a groundbreaking skin and body care company, aims to be your go-to source for natural, sustainable self-care. Imagine indulging in luxurious products that are kind to your skin and kind to the planet. That’s the Herbs & Hills promise! Our philosophy is simple: […]

Read More
Business

CEAT Specialty Collaborates with Kalki 2898 AD for the Launch of Futuristic Tyres for AI Vehicle

New Delhi (India), June 17:  CEAT Specialty has announced an exciting partnership with the much-anticipated film Kalki 2898 AD, starring Prabhas, to develop and launch state-of-the-art tyres for Bujji, the robotic vehicle featured in the movie. This collaboration highlights CEAT’s cutting-edge technology and reinforces its commitment to driving the future of mobility.  Kalki 2898 AD, […]

Read More
Business

One Sprig Hospitality Consultants: Crafting F&B Brands Across India

New Delhi (India), June 12: India has emerged as a dynamic hub for culinary innovation and hospitality excellence, leading this transformation is One Sprig Hospitality Consultants based out of Bangalore and Hyderabad. Founded by Devbrat Bhardwaj and co-founded by Chef Pritam Das in 2016, One Sprig is revolutionising the food and beverage industry with its comprehensive end-to-end […]

Read More