What will be the impact of real estate sector

Q: What will be the forecast of the real estate growth despite sluggish economy??

Sanjana Jain, Mumbai

22nd January 2014

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Replies (3)

Well Ravi,

I understand your situation and in my opinion I think you should wait for some time and let the economy recover before arriving at any decision. Many economic factors has led to weak consumer sentiments and low property affordability. The Govt is doing their bit like curtailing gold imports and revive the economy. Also heard that Govt is making all arrangements for funding and they are in touch with Blackstone.

Kishore Pathak, Mumbai

22nd January 2014

Comment

Yeah Kishore, even heard that fresh hiring in various sectors have been freezed and even retail firms are adopting cost cutting methods. Hope funding by Blackstone will attract more new investors and improve funding availability. Keeping my fingers X. Lets hope for the best!!!!!!.

Jerome Fernandez, Mumbai

22nd January 2014

Hi all,

Recently I read an article stating that sale of new residential units has seen a downward trend. Is this true to what extent??? Buying a property at this point of time makes sense or should I wait for some time for the economy to recover. Do let me know as I am confused about this.

Ravi Waghmare, Mumbai

22nd January 2014

Comment

Hi Sanjana,

Presently the real estate is still going through a boom phase despite a sluggish economy and recession hitting all the sectors. People are more watchful and careful about their investment plans as they are not taking things for granted in the present scenario. The property prices have still not come down in spite of falling rupee and weak Indian economy.

Deepankar Godbole, Mumbai

22nd January 2014

Comment

Yeah !!!! You are right Sanjana. People are showing more conservative approach in recent times due to negative impact of economy and falling price of rupee against the dollar. I think they have become more pessimistic and choosy in their approach.

Shrikant Kejriwal, Mumbai

22nd January 2014