What The Trend of ‘Vocal For Local’ Means For India’s Industrial Real Estate?

With India going through a phase of transformation, the revolution of ‘Vocal for Local’ has truly fueled the right response in the country. With an increasing number of Indian manufacturers and producers finding the right boost through this movement, the reliance on local products is expected to bring high benefits to a number of industries.

Since real estate is the industry of people and is tied to the geographical location, Indian Real Estate is also about to gain a higher level of traction; thanks to this new movement of vocal for local. How? Here is a detailed look at the impact of ‘Vocal for Local’ on the Indian Real Estate market.

Supporting Industries

The first and foremost link in the chain of upliftment of local production is the fraternity of producers and manufacturers of the country. These are the people who will be taking the onus of envisioning what the country wants and innovate them here, locally. Doing this needs the right infrastructure, needs capital, and yes, needs real estate. Industries are often placed outside city boundaries to take local residents out of the harm’s way if there is any.

When local production increases and thrives, most cottage and home factories look for spaces outside the city bounds; they will look for factories and facilities. An increase in demand and an ample supply will only provide a huge boost to the industrial real estate market in Jaipur. Even the organisations working in the Information Technology sector will need bigger offices to support the thriving workforce while reducing costs, which will make these industrial locations a more viable option to set up their businesses.

Supporting Retailers and Outlets

Needless to say that when so much is being made in the country, there will also be a rising need for retail outlets to make these products available. Commercial real estate in the midst of the city and in densely populated areas will rise up significantly in priority, with a number of retailers willing to buy/rent/lease them, so they can help their business thrive.

On top of this, offices, agencies, and other businesses which need a space in the city because of the nature of their work or with abundant cash flow will also flock to these large scale commercial spaces in order to make a killing profit while also enjoying a great view around them.

Supporting Residential Real Estate

Whether it involves staying near their place of work or supporting the locals who shift to cities for a better life, the vocal for local movement will be a great driving behind the success of residential real estate. There are a number of residential projects springing up everywhere to add to the inventory of quality living spaces, so when the demand arises, they will be there to answer.

The vocal for local movement is a great initiative to boost the economy of the country, which also explains why the real estate industry is rising to meet the demands that the success of this program will need. As the developer of award-winning real estate projects like the Solitaire Industrial Park in Bagru, KGK Realty supports this movement 100% and is ready to put its best foot forward to support local businesses through state-of-the-art infrastructure. For enquiries and any information related to our projects, get in touch with one of our experts today.