Real Estate Consumer Outlook: H1 2016
The year 2015 began with the hope of revival for the realty sector that has been marked by plummeted sales for quite some time now. The beginning of the year looked promising. As Modi government turned one, three mega missions took shape. These include smart cities, AMRUT cities and Housing for All by 2022, which are expected to develop Indian cities and towns as new engines of growth. Revolutionary steps in the budget session like the introduction of ‘Benami Transaction Bill’ to control the flow of black money in the property market and the Ordinance on the Land Acquisition Act were also steps in the right direction.
In this backdrop, CommonFloor conducted a comprehensive survey which captured consumer sentiments extensively. The survey also highlights the key trends that will shape the realty sector in 2016. The survey received an overwhelming response with as many as 860 participants. Thereafter, the information collected was analysed in-house by our researchers and data was correlated to the present economic condition. The views expressed in the report are completely unbiased.
