MUMBAI: After a long lull, the year 2013 is expected to
bring back hopes of growth to the real estate sector, mainly due to the
government's positive approach towards reforms and moderation of interest rates,
a media report quoting experts, said.
Land Acquisition and Real Estate Regulation Bills are
expected to be passed during the year, while there is a likelihood of Reserve
Bank bringing down the interest rates, ET said in a report.
"The passage of FDI in multi-brand retail by the
government shows its seriousness on introducing reforms. RBI can be expected to
lower interest rates in the coming months which will benefit developers as well
as consumers. This will boost the sentiments," Knight Frank India chairman
Pranab Datta said.
Residential prices, which have been increasing over the past
few years are likely to witness subdued growth in most markets in a short to
medium term till the pressures of unsold inventory are eased out, CBRE chairman
and managing director Anshuman Magazine said.
Finance Minister P Chidambaram had recently asked the
developers to sell their unsold inventory at a lower price.
"Besides, infrastructure initiatives such as Greater
Noida metro rail network and proposed metro link in north-west Bangalore are
likely to have a positive impact on the residential market of these
cities," Magazine said.
FDI in multi-brand retail will also boost the demand for
commercial real estate.
"Apart from the international brands, several domestic
brands are also exploring opportunities to increase their foot prints across
the country. This anticipated growth in demand is expected to bring some upward
movement in retail rentals, particularly along established hubs,"
DTZ-India chief executive officer Anshul Jain said.
According to Jones Lang LaSalle, major cities like Mumbai,
NCR-Delhi, Bangalore, Chennai, Pune, Hyderabad and Kolkata will see the
addition of close to 9.5 million sqft of mall space in 2013.
The passing of FDI in multi-brand retail store by the government shows its severity on presenting changes. RBI can be expected to lower rates in the coming months which will benefit designers as well as customers. This will increase the emotions," Soldier Honest Indian chair Pranab Datta said.Residential prices, which have been increasing over modern times are likely to observe demure growth in most markets in a short to method term until the demands of unsold stock are reduced out, CBRE chair and md Anshuman Journal said.
ReplyDeleteGurgaon Properties
http://www.propertywala.com/gurgaon_haryana
Conscient Sector 106 is a testament to fine living, offering spacious 2, 3, and 4 BHK homes that redefine luxury. These elegant residences boast sophisticated interiors, well-planned layouts, and an array of world-class amenities, including a private party deck, jogging track, and kids’ play area. Set in a green and serene environment, this residential project ensures a peaceful yet well-connected lifestyle, making it the ideal home for those who value comfort and exclusivity.
ReplyDeleteClick here - Conscient Sector 106
Experion Sector 48 offers 3 and 4 BHK with modern designs and premium finishes. Spread across 6 acres, the project features three 45-floor towers with four apartments per core. Enjoy amenities like an infinity pool, gym, sports facilities, and a clubhouse. Surrounded by lush greenery, this project promotes eco-friendly living. Don’t miss this opportunity to own a home in one of Gurugram’s most sought-after locations.
ReplyDeleteClick here - Experion Sector 48 Gurgaon
Shapoorji Joyville The Dualis Gurugram presents premium modern residential apartments tailored for urban lifestyles. These thoughtfully designed 3 and 4 BHK apartments over 4.5 acres boast contemporary architecture, maximizing space and natural light for an enhanced living experience. Strategically located in the heart of Gurgaon, the project ensures excellent connectivity to major business hubs, schools, hospitals, and shopping centres.
ReplyDeleteClick here - Shapoorji Joyville The Dualis
Oberoi Sector 58 introduces 2 and 3 BHK luxurious apartments designed to elevate your lifestyle in every way. Crafted by Oberoi Realty, this project combines modern architecture with thoughtfully planned interiors, offering unparalleled comfort and elegance and redefining what it means to live in luxury in the heart of Gurgaon.
ReplyDeleteClick here - Oberoi Sector 58 Gurugram