The New Year is coming and realty sector expects heavy. As the Land Acquisition and Real Estate Regulation Bills are presumed to get the yes-nod, the lowering of interest rates by RBI is highly expected. Even deeper cuts in the home loan interest rates are foreseen.
Coming to the recent talk of the market, FDI in multi-brand retail sector will inject great sense of demand for commercial real estate in the country. Also many domestic brands are looking forward to expand their corners and hence the realty anticipates some upward movement in retail rentals.
According to the multinational financial and professional services company Jones Lang LaSalle, major cities like Mumbai, NCR-Delhi, Bangalore, Chennai, Pune, Hyderabad andKolkata will see the addition of around 9.5 million sq ft of mall space in 2013.
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.
Property is a safe and lucrative investment option and hence blossoming is again expected.Few tensions regarding the increasing input costs are circling in the market. The real estate sector can only expects and predicts until 2013 comes and show.