Year 2015 Expected to Bring Revival for the Real Estate Industry

Year 2015 Expected to Bring Revival for the Real Estate IndustryAfter the coming of Modi government, the second half of year 2014 proved to be the phase of recovery for the realty sector. The property prices showed an upward trend for both residential and commercial sector. A revival was seen in the buyers’ and investors’ sentiments. They have started giving much preference to the condition of infrastructure and security before buying the property.

The market saw an increase in the demand for affordable housing. There is a larger segment of end users who prefer affordable houses in smaller configurations. The demand for properties below 30 lakhs was seen in almost all the cities across the country including Delhi, NCR, Bengaluru and Chennai. Also, the buyers seem to be more inclined towards apartments than villas and builder floors. When it comes to investment in property, Delhi NCR tops the charts. [Read more…]