Real estate 2015 –What’s in store?

Real estate 2015 –What’s in store?

Saturday, January 24, 2015

The question that everyone is asking as we step into a new year is “Can 2015 prove to be a comeback for the real estate market?” The past year was full of surprises for the Indian real estate sector and marked gazillion changes. The not so fruitful year was marked into two halves, where the first six months were slow but the second half showed signs of minor activities with no significant changes. This was a crucial time when the entire nation was waiting for a transformation to happen and elected a new government. This was the turning point when the winds of positive change started blowing, with India emerging as a promising destination with investment opportunities.

Talking about the changes that will bring the stability in the realty world, 2015 will be a good year because of three main reasons:

1.       The threat of inflation has obscured, thus encouraging buyers to avail home loans. Also, developers are providing good deals in order to clear the inventory thus attracting more and more investors and buyers to take the plunge.

2.       The Central Bank forecasts GDP to reach 6.5 per cent y/y in the next financial year (FY2015-16) and with an increase in business activity there will be a rise in jobs and incomes. All this in turn is quite favorable for both residential and commercial real estate.

3.       There is expected development around building of smart cities and is creating waves across the entire country. The new government plans to construct 100 smart cities and surveys show that 32 percent crowd wants to invest towards these potential cities.

A PAN India survey was carried out in December2014 which reveals that 41% population intended to purchase a property in 2015. The buyer today is aware of the market and its trends and takes into consideration numerous factors before investing their hard earned money. With the increase in HNI population and growing lifestyle luxury housing is becoming a popular segment. Plots will tend to be a strong investment option due to attractive returns in the long term. Overall 2015 seems promising and a year of recovery for the realty world.

Source: https://www.nofrillsdeal.com/