B Desk Real Estate | Best Real Estate Company in Tricity

1. Making of Realty Revolution Description- Next-gen companies are strengthening the realty revolution by introducing innovative models and approach The present century in its penultimate teen year witnesses India celebrating her 72nd Independence Day today. The sub-continent teeming with 1.3 billion aspiring people, more than half of which still below 25, is experiencing dynamism and revolution in the landscape of real estate sector. It is evident from the fact that the construction industry ranks third among 14 major sectors in terms of direct, indirect and induced effects in all other economic sectors. The real estate sector comprises of four sub sectors- housing, retail, hospitality and commercial. Housing sector alone is expected to contribute around 11 per cent to India’s GDP by 2020. However, this ongoing revolution in real estate industry started with many shopping malls coming up in metros and a few Tier-II cities in India in the last decade though not all of them got successful. Average and poor grade malls registered 17% and 39% vacancy rates respectively. Similarly buying or selling property for residential or office purpose was a tedious and high-stakes affair. It is consumerism and rise of e-commerce that smartly revolutionized the real estate industry which resorted to adjust, adapt and amend the ways in which its business was conducted. Buying, selling or renting out residential or office space and developing a shopping mall today is all about systematic planning, researching and strategizing. Both sellers and buyers are now aware that the quality is not just about construction and design, but other aspects that include accessibility, location, parking and other facilities. The growing popularity of e-commerce portals like 99acres, Magic bricks, B-Desk etc. has intensified the real estate revolution and has made the modern consumer upwardly mobile and tech-savvy. The revolution is also backed up by the Government through progressive policy reforms like demonetization, computerization of land records and implementation of GST and Real Estate Regulatory Act etc. to make the realty sector more organized and transparent. Despite positive market forces and the government initiatives, the real estate consumers still face issues like mistrust, delay in construction projects and fraudulent advertisements. In the backdrop of such a temporal scenario where investing in this major sector is promising yet confusing, a few companies have turned out to be 'one-stop-for-all' destinations for the investors. Such next generation companies like B-Desk in Chandigarh and Brigade Group in Bengaluru are strengthening the real estate revolution by introducing innovative models and approach. Mr. Radhey Sham Middha, MD of BDesk who has experience of more than three decades in real estate, hotel, furniture and trading emphasizes on redefining professionalism in tricity real estate industry by use of technology. Such companies have created an atmosphere of trust where industrious professionals provide a variety of services to the property investors under one roof. The services may include legal, financial and tax consultancy along with the interior and architectural services. Another exemplary innovation by the B-Desk is 'Bestimate', interactive software specially designed for the tricity people who wish to evaluate their property while sitting at home. The company spends 5% of its Net Profit on education and 5% in health sector under its CSR initiative. The next generation real estate companies are operating as the wheels of Realty Revolution and have set the pace in industry like never before. Their role thus becomes all the more relevant in not only shaping up the real estate landscape but also actualizing dreams of the modern investors.