Q:After a slow 2014 marked with falling housing sales and high costs, developers are betting on lower borrowing costs and economic improvement for a turnaround in the real estate market in the new year.
Latest Answer: Developers are expecting that reduction in interest rates and higher economic growth would be critical for revival in property markets, especially housing. At the end of the year, the government notified its decision to relax FDI policy for the construction and real estate industry by easing exit norms as well as reducing the built-up area and capital needs.
