New Housing Project Increases 43% During Jan-March 2014

According to the recent data declared by a famous and successful global property consultant, new residential units launched in the month of January to March has gone up by 43% among top eight cities in the country. When compared to the last quarter, this rapid increase is surprising and much to the amusement of leading developers.

Lavish properties in the country are considered profitable sources to observe a progressive influence on the real estate sector in the second half of the year. The undefined status of the economy, the elections and numerous other factors has created enormous doubts in the minds of property buyers as well as investors.  Leading developers are expecting a positive change in the second half of the year 2014.

There are top eight cities like Bangalore, Chennai, Hyderabad, Kolkata, Mumbai, Ahmedabad and Delhi NCR, which are very lucrative places for property buyers as well as investors. These cities are top performers in terms of property sales and investment.  The healthy demand for housing is mainly due to rising presence of higher income groups with inhabited infrastructural development.

The number of luxurious apartments in the country launched in Q1 2014 year is around 55,000 residential units. Among these accurate statistics, the cities of Ahmedabad and Delhi NCR have the lower percentage of newly launched projects. Grasping over 50% of the total were the cities of Bangalore and Mumbai that are emerging as top realty places. Compared to last quarter, Upcoming NCR region has observed only 18% of projects being launched successfully. The extreme gap between the demand and supply of the properties might be the reason of the concern.

Potential developers normally launch lavish properties in the first quarter because infrastructure developments and economic stability towards the second half of the year. By rapid changing in the government policies and administration, new rules are probable to come up and long standing norms might be put into the use. With wonderful idea, properties for sale in the country are introduced to the investors between January to March. Thus, investment in the property sector is really a profitable option for possible investors.