The new and stable government at the
center is trying possible efforts to improve the property market sentiment,
hence the prices of residential properties are possibly expected to increase in
H2 of this year 2014. However the previous two years, new project launches have
been affected by a slowdown movement in the realty sector. The recent statement
is released by The Federation of
Indian Chambers of Commerce and Industry to improve the perspective of real
estate sector in coming six months.
It is carefully
and accurately measured by chief economist and research, Mr. Samantak Das, “the
prices of residential sector are likely expected to rise very high during the
H2 of 2014 year and with a normal surge of five percent to eight percent. It
has made an approximate guess to be increased up to 15% in the micro markets. The
primary & most important factor is very influencing that the political
stability has left a noticeable and positive effect on the realty sector.” It
is very apparent from the positively shown by investors’ posts the elections.
The recent survey of
Knight Frank announced that the property market was importantly affirmative about
the residential sector, with 62% of the respondents saying that housing prices
would rise in the coming next months and against 14% in the last survey. More
than 80 % of the defendants felt lodging scheme launches and sales volume would
mature notably in the coming six months. The Economist expert, “With the
backdrop of a new and stable government and higher requirements of fast
decision making and positive reforms, defendants have an optimistic outlook on
the residential sector in term of news launches and healthy sales.
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