Track2Realty: With BJP controlling the Centre and the two biggest real estate markets in India – Mumbai and Gurgaon – the government has to focus on 3 I’s – Infrastructure, Interest reduction and Income generation. With the BJP’s remarkable show in Maharashtra, the state will give a new lease of life to its infrastructure projects across all sectors.
Track2Realty-Agencies: The Delhi Government has lifted restriction on sale of leasehold properties which will benefit lakhs of property owners and may trigger hike in real estate prices.
Track2Realty Exclusive: To say that the home buyers are coming back to the Mumbai market during the festival season would be stating the obvious. The sentiments driven real estate purchase is already visible with the reported marginal price appreciation of residential real estate across the city. The reports of price appreciation do not just reflect the price trend of the city property market; it does indicate a much larger picture where the recovery of economy and sentiments are all driving the market simultaneously.
Track2Realty Exclusive: While in many other property markets across the country the developers are planning freebies & discounts to attract the buyers, in Gurgaon the demand and supply cycle of the property market is showing a different trend altogether. With very few inventory hangover of ready-to-move stocks available and the macro-economic outlook reviving, the buyers are back in the market and even though a price rise is on the cards the festive spirit is yet driving the home buyers to the market.
Track2Realty Exclusive: Navratra is all about nine days of festivities with 10th day being celebrated as Dussehra, which means end of 10 evils. In terms of its significance for real estate market which has weathered many challenges borne out of bearish macro-economic sentiments leading to slow sales, squeezed funding and inventory hangover, this Navratra seems to be the turnaround time.
Track2Realty: It is increasingly being observed that standalone luxury hotels are becoming unviable in the country, especially in the case of owned, built projects where the land is acquired, and typically comes at a high cost exceeding 40% of the total development cost.
Track2Realty: The global house price boom continues, with a new geographical twist. Housing markets surged during the year to Q2 2014 in Dubai, parts of Europe and the Pacific. In contrast, several Asian governments have implemented cooling measures, successfully restraining their housing markets, and the US housing market boom is weakening.
Track2Realty Exclusive: 100 days of governance may be too short a time to evaluate or judge the performance of a government or its impact on any given business. But the Gujarat real estate is so euphoric with the new government at the Centre that it seems they have not only regained some of the lost ground but also carry 100 new hopes ahead.
Track2Realty Exclusive: It may sound like a paradox but the rental market of Gujarat city is showing bias in two directions when it comes to the property acquisition on rent. While the housing market is showing rental bias in the negative direction, the same property index is going northwards in the commercial vertical of property.
Track2Realty Exclusive: There is no denying that the Union Budget 2014-15 has incentivised the eco system of the Indian real estate both for the developers as well as the buyers. Many of the announcements by the Union Finance Minister Arun Jaitley may not have any direct bearing on the fortunes of the real estate developers in this fiscal year, yet the symbolic sops are enough to silence the otherwise overtly critical sector for some time now.