Real Estate Outlook: H1 2015- A CommonFloor Survey
The year 2014 began with anticipation among the real estate fraternity regarding the general elections in the country. Then came ‘The Day’ when, with a clear majority, BJP tsunami swept the entire nation. Several interesting events preceded soon after which raised people’s expectations from the Modi government. Plagued by the economic malaise, the markets suddenly showed signs of revival with Sensex appreciating past 25K mark and the rupee recovering against the US dollar. Further, the new government in its maiden budget opened a jackpot for realty and infrastructure sector and set the stage for ‘acche din’ ahead. In line with the progressive manifesto of BJP, which largely spoke of Housing for All by 2022, a mammoth budget of Rs 4,000 crore was allocated for affordable housing.
“As part of ‘Real Insights’ into real estate, CommonFloor.com recently conducted a survey to understand property buyers’ sentiments- Real Estate Outlook: H1 2015.
For detailed report“
This was followed by several breakthroughs. These included incentives for infrastructure financing by the RBI, lowering of interest rates on home loans, unveiling of ‘Make-in-India’ campaign, framework for REITs and the latest entry to the list – relaxation of FDI norms in construction sector. The Modi-era is definitely generating a wave of optimism in the country. Thus, in this backdrop, CommonFloor conducted a comprehensive survey which makes a comparative analyses between the opinion of consumers / property buyers on one hand and the industry experts (brokers and developers) on the other. The survey highlights the key trends that will shape the realty sector in 2015.
