Did you guys know that what Ansal group has to say? they said that in the long-term dynamics of the Indian real estate market are still intact a growing population, an expanding economy, increasing international investment, as well as a humongous middleclass which continues to grow even during these challenging economic times.
Though the realty sector made a promising start initially, compared to last year, the sentiment dampened due to rise in construction costs and rising rates of land and labour.
According to few builders they think that, going forward, the supply situation will remain subdued due to the deferred completion of a number of new projects and reduction in number of launches across categories. Therefore, residential prices will see marginal increase in 2014. The supply levels are likely to improve in the second half of 2014.
Hmmmm well commented , to come to the area specific , there are developers and builders expect development authorities like the Noida-Greater Noida authorities and the Yamuna Industrial Development Authority to settle land-acquisition issues of the farmers of Noida, Greater Noida, and Yamuna Expressway peacefully; this would improve the law and order situation in the area considerably and ensure smooth implementation of the projects lined up in these region.So i feel there are many factors which helped the real estate to grow.
There is a reports guys , which I was going through states that investors and buyers continue to chase residential real estate assets, especially those properties which are mid-sized and priced reasonably and offer locational advantage and good infrastructure. While there is demand for affordable housing, premium properties too have attracted buyers in prime cities of the Delhi NCR, Bangalore, and Mumbai.
This year so many factors effected the real estate market, for instant the depreciation of rupee provided a good opportunity to the NRI and high-value buyers of property in prime locationswhich improved the sale figures although the bottom lines remained sluggish due to increasing cost of raw materials.
Hey guys according to experts, I think Mr Khan that the first six to eight months, the growth momentum may not be the same as it used to be during the boom period between 2006 and 2008. However, economic indicators suggest that the market is poised for growth in the second half of the year after the general election in May 2014.
But I think, that buyers can be cautiously optimistic about a healthy recovery in the real estate market, as existing conditions favour a long-term investment horizon.
Hi Mr Iqbal, 2014 may pretty well be considered as the year of real estate maturity. 2014 may pretty well be considered as the year of real estate maturity. Real estate I feel is a game of market sentiments and those sentiments can be revived within a few months on the back of sound economic fundamentals and market demand.