Realty Assistant Global CEO Manasvi Mehrotra recommends investing in Dubai and India

Noida : You are currently experiencing the window of opportunity that will allow you to break into the real estate market. Great openings can be found in markets around the world right now. The time is now to take advantage of opportunities and make a sound investment through the use of a well-thought-out investment strategy.

Manasvi Mehrotra, CEO of Realty Assistant Global and a recognised industry leader, agrees with you. He has worked in residential, group housing, and commercial real estate development, as well as in global real estate economics across India, the United States, Canada, Dubai, and Singapore for more than 15 years.

Although markets around the world have been stumbling, the big picture is positive. The real estate market in Dubai is currently the most active among all global markets. While villa prices have increased by over 50% in the same time period, apartment prices increased by 35% in 2022 compared to 2020, despite the peak of the pandemic.

Investors from all over the world are flocking to the country because of how well it has dealt with the pandemic. While most of Europe remained on lockdown in 2020, Dubai began easing restrictions and reopening its tourism industry early.

One indicator of this is the fact that in 2010, Dubai broke its own record of 86,000 residential sales transactions, having only achieved 80,000 in 2009. The United Arab Emirates (UAE) has introduced a number of long-term visa options that do not require sponsorship, which has led to a large influx of investors, remote workers, and entrepreneurs, and consequently, more job opportunities.

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.”