Real estate in india

1. Sign in / Sign up Karan Sharma A digital marketing guy, Working for Favista Real Estate http://www.facebook.com/sanjeetkaran, http://pinterest.com/sanjitkaran/ 21 hrs ago · 4 min read Follow Current Real Estate Scenario in India Indian real estate market is recovering fast from the downfall that the country witnessed since last year. As per numerous data, both the new project launches and sales for metropolitan cities slid down to be low for the year that ended in March 2016. open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

2. Since the real estate sector continues to remain in trouble with issues of the delayed project delivery, high unsold inventory and financial stress on the developers. It is the only segment that showed some signs of rebound on affordable housing category in the peripheries of almost all the major markets. Although the things do not seem to improve in a hurry and all the major markets except Hyderabad witnessed a slowdown in sales in the quarter that ended in March 2016. Now, the big hope for the sector is the forecast of the monsoon which will continue low inflation trajectory, better transmission of the rate cut by the banks and an overall pick-up in open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

3. economic activity. The last fiscal year 2015 has been the worst for the sector in a decade. Experts believe that the damage to the recovery will depend on the lower interest rates, monsoon, and transmission of the rate cut by banks as well as developer’s capacity to complete the project and offer delivery. The state of the unsold inventory was such that the demand for the new launches in the market shot the lowest in at least three years. As per realty reports, the total of residential units launched across the major cities namely Gurgaon, Noida, Pune, Mumbai, Chennai, Hyderabad, Bangalore, Ahmedabad and Kolkata in Fiscal Year 2014 was at 4.83 lakh. This number came crashing down to as less as one-third by the end of March 2016 which amounted to almost 1.65 lakh units. Limited demand, high inventory levels, tight cash flows are leading to the developers adopting a thoughtful mode. The demands too observed a open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

4. similar fate and while the total sales in the fiscal year 2014 which stood at 4.73 lakh units. These units came to less than half in the fiscal year 2015 at 2.11 lakh units. The market experts say that the developers have slowed down knowingly on fresh launches as the demand is low and they are also focusing more on completing their existing projects along with offering possession to home buyers. Interestingly, despite a slowdown in the new project launches, unsold inventory sustained to rise indicating the pause in the demand. The unsold inventory in the dream city Mumbai stood at 1.73 lakh units whereas in Bangalore it stood at 1.08 lakh units and Noida stood at 1.01 lakh units. All the cities except Hyderabad and Bangalore have witnessed an increase in their unsold inventories. Some well-known developers are witnessing sales that are coming to them open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

5. in the overall bad market. Even for them, the sale velocity is decreased by around 50%. The affordable housing segment still rules as it has the largest share of the total housing sales and more than 50% of the total sale is 4 quarters of the fiscal year that came particularly from the segment. With the government announcing some motivations for the segment, it is expected to drive the sales that are going forward. Further, the segment is expected to see the adhesion with the current incentives that are announced in the Union Budget for both first time home buyers and developers. Also, with the Real Estate Regulatory Authority Bill becoming a reality, the realty market is likely to see the fundamental variations in the way it is operated. Is 2017 the year of revival? The broader market opinion is that while the fiscal year 2017 may not witness some sharp reversals in the market trend, it may not be as bad as open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

6. last year. Also, experts say that the prognosis of the above-average monsoon along the hopes of further price cuts by RBI along with the expectation of transmission by the banks may receive sentiments and bring along some demand to the real estate market. A lot will, however, be dependent on what efforts do the developer takes to provide timely delivery to the buyers and regain their confidence in the realty market. The global economic scenario remains tough while the domestic macro influences the interest rates, the inflation have started softening at a warm pace. The long-term story for the housing market remains strong whereas for the short-term it is expected to be lethargic. It also states that the affordable residential demand and supply are expected to see a thrust in short to medium terms on account of the enticements that are offered by the Government in Union Budget for both the first time buyers and developers. open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API

7. The experts feel that the fiscal year 2017 will be much better if compared to the present and previous years. The home buyers will see their interests getting protected with the coming up of the Real Estate Regulatory Authority Bill and this may fill some confidence in the real estate market. To know more about the invest in the Indian real estate market please visit Favista Real Estate. they are expert advisory firm of the property in Gurgaon, India. Real Estate India Property In Gurgaon Property In Inda Real Estate Market 1 Karan Sharma A digital marketing guy, Working for Favista Real Estate http://www.facebook.com/sanjeetkaran, http://pinterest.com/sanjitkaran/ Follow open in browser PRO version pdfcrowd.com Are you a developer? Try out the HTML to PDF API