2012 was indeed a healthy year for the real estate sector of India. The volume of properties in India multiplied, their prices even increased exponentially, making it a happy period for the developers and users too. The demands in the residential section outnumbered the available residencies and this is when the silver spoon in the sector’s mouth works worth fortune.
The so called healthy nature however witnessed an increment of 10-12% in the cost of residential properties in India. Moreover a rise of more than 20% can be seen in a few places like the national capital region and Pune. These factors may have formed a bit of sluggishness in the market, especially in the high luxury segment but overall the response from the investors/buyers was quite well.So what can be expected for the current year? The prices will appreciate, unstoppable. However what new policies and bills can be expected from the system? And in what way they will help the users and the developers? Let us delve into it.FDI in retail was one of the burning issues in the market. Fear possibly is generated in the shopkeeper’s psyche but on the contrary, a contrasting high amount of space will be needed for the set up. According to the multinational financial and professional services company Jones Lang LaSalle, major cities like Mumbai, NCR-Delhi, Bangalore, Chennai, Pune, Hyderabad and Kolkata will see the addition of around 9.5 million sq ft of mall space in 2013. Great news for the commercial real estate.Now let’s go where all are eying, the two important bills viz. Real Estate Regulation Bill and Land Acquisition Bill. Real estate India will be deeply affected if these brought in action. The landowners mainly are reinforced and safeguarded in their selling of land. And if it’s enacted, developers are asking to lower the interest rates from RBI. This will benefit triple-fold, the seller of the land, the builder who will develop the project and the cherished end user.Getting to the little sad part, the ready reckoner rates have already been increased in Maharashtra and are highly anticipated to get higher in other states. This may be a saddening factor for the commons who hope to have a home in the budget.In terms of infrastructure, there is an evergreen scope for further development, be it the extraordinary expressways or the high speed rail links, a green signal can be given to this section in the current year. An increased investment in the technology and SEZs is also predicted.Prediction is only we can make, but the reality will knock only when the time unfolds. High hopes are shaping in the hearts of both buyers and developers. Let’s just expect, it will go smoothly and most importantly the dream of having a home will be fulfilled because that is why the whole sector is working.займ на карту без отказов круглосуточновзять кредит онлайн