Q:With a multi-year slowdown continuing in 2015 in spite of huge supply and fall in prices, the real estate market is hopelessly looking for a recovery in the New Year.
Latest Answer: The real estate sector in India certainly wasn’t at its best during the year 2015. Developers are looking at the New Year as an opportunity to improve real-estate sales. There are a number of upcoming realty projects coming up in various parts of the country. When I try to think of some popular new projects, the first ones that come to mind are the Vivante and Solaris tower. These projects in Mumbai and Gurgaon respectively have been in the real estate grapevine recently, with the growing interests in these new projects.
Q:Due to high price and unfavorable sentiments in big cities, housing sales are expected to rise at a slower pace of 15-20% during the ongoing festival season.
Latest Answer: The consultant felt that townships would become more widespread, while the supply of luxury homes would average to put in order with the slow demand.