Importance of Demographics for Real estate Investors

Days are passing by the real estate business is booming due to the advent of modern-day technology. But the rate of growth and development of this varies from place to place. Real estate is a business which involves a lot of people around it. Thus, it is very important to understand how this thing varies from one location the other depending on the change of people’s culture and age group.

Europe:

Europe is a dream destination for many people. Many of us have dreams of owning a house in Europe and lead life luxuriously. It has been seen that in spite of having an aging population, in terms of the entire world, the real estate market is pretty stable. The main reason because of this buoyant nature is the rapid urbanization taking place in that continent. Due to this, more and more people are shifting to the cities resulting in an increase in demand.

United Nation:

The story in the United States of America is completely different from that of Europe. With the passage of time, the country has seen a sharp increase of investment in offices and commercial spaces. The United State of America is the home ground of the technological race. Companies are growing rapidly. As a result, the demand of the companies in terms of commercial space is also increasing. As a result of this investors are more interested in investing in commercial properties.

African Continent:

Surprisingly the most promising market to the people is provided by the African continent. There has been a sharp change in the lifestyle of people. This change has been a relatively new one and is still continuing in many parts of the continent.  Initially, they used to have a joint family. But slowly and gradually this age-old tradition is getting eradicated. They are more inclined towards having a nuclear family nowadays. 

Also, another major reason is the development. Though this cannot be cited as the major reason for all throughout the continent. Due to this urbanization, people are moving to cities. The villages are developing into small towns. As a result of all these, the demand of the African people has shifted from the aged old requirements of villas to modern flats. 

They tend to prefer apartments and complex’s over villas. The African population is fairly high enough. So this transition will involve a large number of people shifting places. As a result demand of various real estate is bound to increase day by day. It is now up to the investors to realize the potential of the market.

Thus we can conclude that there is fairly a very large variation in real estate investment, primarily based on the geographic consideration.Keeping this in mind, Shapoorji Pallonji Group is coming with Shapoorji Mumbai Dreams a premium 1 BHK and 2 BHK apartment to its resident in Mulund Mumbai.

A lot of consideration has been given to the existing Indian real estate investment trends. Also, a major effort has been given upon the price of these projects, in order to make it accessible to the common people of the country.