Real estate Growth in Karnataka

In India, Real estate sector contributes the highest to the job industry. It includes the sub sectors like housing, hospitality, retail and commercial.

According to the forecast, for the real estate sector Karnataka will be one of the biggest hubs in the country. This will be really a nice opportunity for the developers of this state as the demands for properties have a marginal increase from investors and homebuyers. The new concepts like co-living, co-working spaces, and senior living are creating a buzz now which also adds value in the growth of real estate industry. Among the 14 major sectors which effects the economy of the country, the construction industry ranks third highest among those 14 other major sectors. After agriculture sector, real estate sector is the second highest employment generator in India.

Confederation of Real Estate Developers Association of India (CREDAI) released a report stating that The main reason for the Karnataka to see the boom in real estate sector is because of an initiative taken by the Karnataka government for the reduction of the GST from 8% to 1%, and in case of under construction properties GST reduced from 12% to 5%.

Along with all these benefits that real estate industry already have, in order to increase the speed of the projects, CREDAI requested the government to reduce the fee for plan sanctioning and set a particular time period for the approval of the plan.

Karnataka is one of the developing state and IT hub of India. Hubli-Dharwad are the twin cities in north, Karnataka. after Bangalore, hubli-dharwad form the largest city by size and by population in north Karnataka. Hubli is one of the commercial Hub of Karnataka while Dharwad is the administrative headquarter. In terms of economy hubli is the fourth largest city in Karnataka after bangalore, mangalore and mysore. There is a complete cluster of industries with many more small and medium industries.

Many people are involved in the real estate business in Karnataka hence it became a more competitive. Real estate investments are increasing with the time, Construction business is on high demand in Karnataka.

As we know hubli is a commercial Hub hence one of the best city to invest in real estate. There are many popular locations where real estate investments can be done and which will be more profitable. Hubli city contains many start-ups IT companies along with small and medium industries. There are many commercial places where you can invest like keshwapur, Gabbur, kusugal road, gokul road, airport road, vidya nagar, navanagar etc.

Gabbur is an area at the end point of hubli which joins NH4 Bangalore road. This area acquires huge free space suitable to start industries, malls, function halls etc. completely suitable for high scale commercial use. Reliance market is located in this area and VRL logistics Ltd is located just 12km away from Gabbur.

Sewakram realty is growing as one of the best real estate builders in Hubli-Dharwad, north Karnataka. Sewakram Realty is known for their commitments, Quality service, timely delivery & Technical ideas. With the best services Sewakram realty is growing as a one of the best real estate contractor and developers. Sewakram realty provides multiple services in north Karnataka. It is one of the best real estate consultants in Hubli-Dharwad.

Sewakram Realty has completed many contract based construction projects commercial, residential & industrial projects, hence growing as one of the best civil contracts in Karnataka.

Sewakram Realty is available to serve in anywhere in Karnataka. Sewakram Realty can serve Contract based construction projects, commercial, residential, industrial, cold storage, designing, 3D designing, interior Designing etc.