The slowdown
process in Indian Economy sustained as the Reserve Bank of India reviewed the
real GDP rapid growth rate forecast for 2013-2014 downwards to 5.0% from 5.7%. Economic
slowdown situation has dropped a good impact on the buyers, end users and
investors that has impacted the absorption of housing units eventually leading
to a slowdown in the great values.
Due to many
structural issues like delay in reforms, high fiscal and current account
deficits, the national economy has been facing unfavorable time since the preceding
year. All these issues are predictable to endure until the general election
next year. As a consequence, the first half of the year may endure status quo
and improve thereafter in the second half.
In the
residential sector, many residential selections may observe healthy activity and
garner good response from end users, buyers, developers and investors alike due
to ongoing infrastructure developments such as metro rail and mono rail connectivity,
inner and outer ring roads, and construction of flyovers, which are the initial stages of construction
in Mumbai, Chennai and NCR.
Overall
housing markets are predictable to observe stable capital values except for
those rapid developments that are over leveraged and are not able to attract
the sales. Such rapid developments and splendid locations are seen many
corrections downwards. They are expected in many good locations / developments
in Mumbai / NCR where margins of correction are very high.
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