The real estate sector witnessed a sluggish 2013 with a decline in absorption for both domestic and Non Resident Indian (NRI) buyers. The new government is likely to bring with it new monetary and sector oriented policies that can inject a fresh lease of life to boost transactions and lift the buyer sentiment as a whole. You can read the article by clicking on this linkHow the NRI Real Estate Investment will Change Post Election
If you are planning to buy a property , select one before election. As per Cushman and Wakefield there was 12 percent decrease in new launches in top 8 cities and the supply is more than demand. Prices have remained same in last few months.. There is a good article written on it, click here to read it If purchasing a property, select one before elections are over
According to property consultant, over 25 per cent housing projects are facing delays due to several reasons. But with elections doing round the corner, another unfortunate reason has come into light.
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.
According to sources, home sales across the nation has witnesses slowdown in the last 12-48 months and inventory levels have hit the roof. With the slump in sales due to the election code of conduct, inventory will need additional 30 months to sell out.
In the last three years, the realty sector has been going through a blistering phase due to being sidelined by our policy makers. This scenario is expected to change drastically after the General elections. A stable government at the Center is expected to speeden the revival process. As a result of which there can be an upsurge in residential demand and thereby in values as well.