Real estate recovery may begin this holiday

This could be the beginning of the recovery in the real estate industry. After two dry Property festival season launch, developers are gearing up action at this time.

Center attack a stable positive emotions government, the property company has been ranked the entire city to launch at least 100 new projects - most of these National Capital Region (NCR) - the previous holiday season. In the 2012 and 2013 seasons have passed, almost no introduction of any nature, mainly due to the economic slowdown and the need to clear the backlog.

Discounts are planned at this time a large number of pointed analysis. Seeing a surge in the survey, 15% discount brokers offer eight, depending on location. In contrast, almost no discount is on offer last year, although in some cases, the value increases were thrown at the same time, the number of ads on a variety of platforms biggest real estate - the print and electronic media, hoardings, electronic e-mail, telephone, social networking - has manifold pipe from previous years.

According to the brokerage firm, has plans to launch a new, because following the return of optimism rising interest rates. However, there are still some notes at the press conference whether it will translate into sales.

Such as Godrej Properties, Tata Housing, Supertech and Mahindra Lifespaces developers have launched projects, festivals in mind, it is their way. NCR-based developer Saya, M3M and Chintels also ready to launch.

According to the buyer's bargaining power, a residential unit may be Rs 5-15 lakh cheaper this season. Number of queries has risen from two to three times six months ago, brokers said. There are about rising property prices next year.

According to real estate website Magicbricks, 250 real estate transactions present in all major cities. Another portal, Indiaproperty in up to 15 rupees 100,000, unchanged from the other gifts discount talks in various residential projects. Free holiday vouchers and coins, modular kitchen, furniture up to five rupees 100,000, there is no registration fee is also provided by the developer.

Property market has been slowing economic growth and, together with the developers funding constraints, there has been little activity in the past two years, low-cost sales. In addition, the department is sitting high inventory, so the development of the earlier focus on clearing the backlog of new substitute.

Anshuman Magazine, general manager of CB Richard Ellis South Asia Chairman and Managing Director said that the next holiday season will be better than the previous two. But the recovery is at least a year's time, he added.

"Sentiment is positive, encouraging, but it is too early to assess the impact, companies in the upcoming holiday season is expected to be better than last year. A complete recovery may take a year or longer, the key is to improve market liquidity and to mobilize funds from domestic and foreign investment and investors, "the magazine said.

During the film festival in October to December, is expected in seven major cities, nearly doubled in the past two years, a record for at least 60,000 units sold. "In the 2014 holiday season will be better for the economy and inquiries have risen sharply positive," said Ashutosh Limaye, head of Jones Lang LaSalle India in research and real estate intelligence service said.

The average annual sales for the sector is expected to reach 200,000 units this year, have a good holiday season contribute 30-40% of the total. In the past two years, sales were 120,000-140,000 units per year, in addition to a handful of those in the festival season, according to industry estimates.

Developers have also been stretched funds, there are many lenders willing to lend to ailing industries.

Inventory levels have been rising. Mumbai Metropolitan Area has 53 months of inventory at the end of June 2014, while the NCR company has 45 months of inventory data by research firm Liases Foras display. Hyderabad has 47 months, 23 months Pune and Chennai 26 month inventory. Bangalore has a 19-month minimum inventory in major cities. An ideal market to maintain eight months of inventory.
SOURCE : WEB