Indian economy is undergoing its all time low situation with crumbling Indian Rupee, and sluggish real estate market across the country. The Indian currency has deflated to its all time low against the top major global currencies despite the grueling efforts from the government of India and Reserve Bank of India to bring the Indian economy back on track. The Indian economy grew with the slowest pace in the past few years although many policies were launched during these years to bring out the Indian economy from its slumber like relaxing FDI restrictions.The realty sector has already undergone the global turmoil in the year 2010 and it is still recovering from it. The real estate market has been facilitated by the background created in the 2010 downfall; hence the 2011 and 2012 fiscal years accounted a good recovery. The real estate market was carrying a massive debt from the down fall of 2010 which took years to compensate and affected the 2011 and 2012 fiscal year real estate market. Further the real estate market in 2013 observed worst situation in across the India. The launches and absorption in the top cities of the country observed downfall of 37 per cent and 23 per cent respectively in the residential real estate market.Realty market of tier-1 cities mostly got ruined due to the sluggish Indian economy and sudden downfall of the rupee. The vast amount of real estate market was shifted towards the tier-2 and tier-3 cities hoping that the affordable prices and large availability of land parcels in these cities would help the market to survive in the race. The tier-2 and tier-3 market somewhat brought a relief in the real estate market as the demand in these cities remained significant. The tier-1 cities observed the uneven price hike trend within the city limits. Scarcity of land parcels and excessive property prices resulted in the sluggish demand in tier 1 cities like Mumbai, Bangalore and Delhi etc.The real estate sector in the country had various alternatives for the funding but many of such findings have dried up in the past three years. Realty companies in the Indian market have deep issues and reviving through it in the current fiscal year seems very hard. Banks and financial institutes are backing out from the real estate market as the market doesn’t assure any guarantees on their investments. The private equity fund, the most trusted financial aid of the Indian real estate has also been seen backing out on the Indian real estate. Foreign Direct Investment in real estate has also been declined to only 3 per cent from the 2011’s 8 per cent.The private equity exit from India has been doubled with total estimated exits of about $ 1.75 billion across 30 deals. The major influence of these exits was observed in the IT/ITeS sector followed by the real estate sector. The current time is highly considered as the policy paralysis time for the Indian market as the 2014 general elections are just around the corner. Political scenarios like Andhra Pradesh bifurcation have immensely affected the overall Indian real estate market. Experts are expecting that the Indian real estate market will take a few years to completely recover and will witness great pain in the near future.займ на карту без отказов круглосуточновзять кредит онлайн
Thank you for this article, it is reality of india.