Trends of Real Estate Sector in 2016

1. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com Trends of Real Estate Sector in 2016 http://gruhakalyan.com

2. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com Trends of Real Estate Market • If you are wondering about the prospects of 2016 the coming year which is just knocking the door we have few of the experts telling the tale of real estate of India. • The experts feel that the road to recovery of real estate business in India seems to be long. The reason is the unsold stock that has piled in the nation will take at least 5 years according to the experts to sell the backlog of more than 7 lakh units http://gruhakalyan.com

3. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • .  The impediment that the industry is facing is the lack of buyer’s interest. This is furthermore hindering the developers to complete the projects. • The recent consecutive rate cuts by the Reserve Bank of India and the festive offers by the developers of the nation have failed to allure the customers and persuade them to buy in the gusto that the market aspires for. • Experts opine that delayed reforms and lack of proper reforms have also perpetrated the customers to stay away from real estate purchase. http://gruhakalyan.com

4. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • According to the real estate consultancy firm JLL the property prices have remained stagnant in the preceding four quarters. The prices in the cities like Chennai and Mumbai have plummeted by 1.5 percent and 3.7 percent respectively. • While in cities like Delhi and the NCR the prices remained the same and the experts comment the trend is likely to ponder. • The trend is expected to improve this year by a bit as opined by the experts but it can’t be expected that it will be as it were in 2010 – 2012. The sector may take a few more years to turn around and revive.  The experts predict how the real estate markets are expected to perform in the year 2016. http://gruhakalyan.com

5. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • The experts say that quick profits can’t be expected from the properties this year. Though there is an expectation from the buyer’s end for the prices to correct but the realty veterans do not expect any such things in the immediate future. •  While this year a status quo is expected during the year 2016 the prospects of the market showing the impacts of these developments will only occur in the year 2018. But one more sign of positivity in the market is that the demand for the commercial sector is showing marks of improvement and revival. • This itself is an indicator that the market conditions will surely improve as the estimates say that for each 100 sq. ft. of commercial office space there is a demand of 600 sq. ft. of residential space. http://gruhakalyan.com

6. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • According to an estimate by the Knight Frank new launch of projects in the year 2015 stood at 11, 360 units in the first six months of the year. This is a drop by a huge 68 percent compared to the figures of 2014. • This trend is likely to continue says the experts with the lack of interest of the buyers to buy new products. But one more interesting thing noted by the trend watchers and in this regard the research firm Knight Frank finds out that several new housing projects have been introduced and launched at much lower rates than the ones already launched in the similar category.   • This has been done both privately and by the governments as the scheme of affordable housing significantly contributed to the housing needs of the nation. The survey says that about 43 percent of the total number of new launches fall under such schemes of affordable housing. http://gruhakalyan.com

7. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • The unsold inventory of the nation as pointed out by various reports and statistics have gone to uncontrollable heights in the first half of 2015 and in the later half this number came down due to a step down in the new launches. •  This level of inventory is expected to come even more down as the developers are going to restrict even more on the new launches. The trend watchers feel that on passing the new real estate regulatory bill, it will enable the market to get a bit more regularized with more transparency.   • The surge of online mediums is another thing in the realty sector that throws light of optimism on the market. Tata Housing sold thousand homes once, when there was an online festival organized by Google. http://gruhakalyan.com

8. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com • Tata Value Homes tied up with different mobile networks and social media platforms and sold 2000 homes online. This is an upcoming trend that will surely help in promoting sales in the industry. • The interest rate cut by the RBI can also be expected in the coming year which can even spur the buying sentiments of the purchasers. This can boost the buyers’ confidence more so in the Tier II and III cities. • That’s why the investors are cautioned by the trend watchers that this year may not be a good time to invest. On the other hand this is the right time to invest for the end users. This will help the buyers to repose more faith on builders which they expect will be rebuilt. http://gruhakalyan.com

9. Phone - 080 40155666, 8494 9301 72 Email - contact@gruhakalyan.com Property Buying Tips : • Pre-launch Flats Vs. Ready-to-move Apartments • Now is the right time to buy a house or property in Bangalore  • How to buy a flat being Cautious to avoid Problems • Increase of Smaller Homes in Indian Realty Market http://gruhakalyan.com