Impact of 2014 election in real estate industry

Q: How 2014 election going to impact the construction industry?

Varun,

17th December 2013

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Replies (8)

There is a very good article written on the imapct of election 2014 in the real estate industry. Click here to read the article
Expectations of property buyers from new Govt

Rakesh, Bangalore

15th May 2014

Comment

Builders like Vardhman, SG Estates, Casa Grande, Greata, Chintels, Godrej, KDP, Solitaire, AVJ, Maitreya, Cosmic, Gera have announced their project in April and majority of the projects are in west or southern part of India where the real estate market is down and facing a slump because of political issues. A stable government will uplift the property market. The post election phase would be a cheer time for prospective buyers.

Govinda,

19th May 2014

Any idea which are the cities has seen an increase in the housing sentiment index?

Varun,

13th May 2014

Comment

Not sure about other cities but as far as I know Bangalore topped the list with an HSI of 140, witnessing 15% jump in HSI from the previous quarter following Mumbai with a housing sentiment index of 106, turning positive for the first time. :) :)

Diwakar Shetty,

13th May 2014

@Bhargav, According to the recent survey, after six months when country will get new government property prices will increase across eight cities.

Abhilasha, Bangalore

13th May 2014

Comment

Hi Abhilasha, thanks for the updation...As you have mention that eight cities have been survey. Can you please tell me which are those cities?

Bhargav Dev, Bangalore

13th May 2014

Cities which were surveyed are Ahmedabad, Kolkata, Mumbai, Delhi, Hyderabad, Pune, Noida, Gurgaon, Bangalore and Chennai.

Abhilasha, Bangalore

13th May 2014

If a stable government come in action than you can expect improvement in new project launches and property sales. According to the latest FICCI-Knight Frank real estate sentiment index, over the next six months, property price appreciation will remain sluggish.

Bhargav Dev, Bangalore

29th April 2014

Comment

I agree with Bhargav.... In the January to March survey, it is also said that both developers and financial institutions expect the real estate sector to perform much better in the coming six months.

Diwakar Shetty,

29th April 2014

Shortage of workers contributes significantly towards construction overloads. Delayed delivery has crippled the real estate sector of the nation, irking clients. According to JLL reports, around 25% of the scheduled supply is running behind schedule. In terms of delivery of housing units in 2013, the performance of Delhi-NCR has been analyzed as the worst, in comparison to other cities of the country.

Diwakar Shetty,

17th December 2013

Comment

The construction industry in the country is slowing down due to lack of labors of almost 40% due to a number of reasons and is expected to hit a high over 60% in the next few years. Furthermore, the MNREGA program of the government has sent a number of labours back to their home towns where work is available at decent wages.

Abhilasha, Bangalore

17th December 2013

Comment

State elections has already wracked-up the construction cycle and the general elections are only going to deteriorate the situation. According to property consultants, the election fervour is likely to send back a large number of workers to their towns to cast their votes, especially in MP and Bihar. This will contribute to 25% shortage of labor in the country and make matters much critical.

Abhilasha, Bangalore

17th December 2013

Comment

Along with the developers, a labour vacuum will take a toss on the buyers as well. Though temporary, the grim situation will lead to a slowdown in the realty sector and projects that are running behind schedule will be adversely impacted. Market experts suggest that more than 930000 under-construction housing units in the country will hold-up by 18 months due to lack of labour supply. This will compel the buyers to take possession of the apartments and flats at a much later date.

Bhargav Dev, Bangalore

17th December 2013

Labor shortage is one of the rising concerns of the construction industry, and the 2014 general elections will only make things worse for the housing sector as lakhs of workers head back to their natives to exercise their franchise. Experts are of the notion that post 2014 elections, shortage of labours will increase the burden on developers delaying the delivery of more than 1 million homes in the country.

Diwakar Shetty,

17th December 2013

Comment