With positive sentiments back into the real estate sector and favorable economic environment, 2015 is seen as a turnaround year for the Indian real estate industry. Important events like the Reserve Bank of India (RBI) lowering interest rates, unveiling of ‘Make-in-India’ campaign and relaxation of FDI norms in construction sector, have made the real estate once again a lucrative industry to look forward in the year 2015.
As per the estimates by the Planning Commission of India, there will be about 600 million people living in cities by 2030, that will led to a huge demand for affordable housing projects in Delhi NCR and other metropolitan cities. Also, with the GDP growth pegged at 7.4 per cent this fiscal against 6.9 per cent in the previous year, there is an increase in hiring across various industries for skilled personnel. The better income prospects for salaried employees will make them financially able to further invest in more residential and commercial real estate projects.
There are several factors that indicate 2015 will definitely be a good year for the Indian real estate sector. As inflation is under control and borrowing rates are going down, people are more considering this as the best time to invest in either residential or commercial projects in India. The real estate companies are also reacting to the buyers’ sentiments and offering great deals on affordable residential and commercial projects in Noida and other cities. The property prices across Delhi NCR are staying stable that lead even the fence-sitters to look out for the best residential projects in Noida and other places.
Rise in job opportunities, better income prospects, positive sentiments among buyers and demand of affordable housing make the Indian Real Estate sector promising in 2015. Easing pressure on the rupee is also one of the reasons that impact the industry positively.
Mr. Anil Mithas, Chairman & Managing Director at Unnati Fortune Group, says with an increase in demand for affordable housing, more residential projects are expected to launch in 2015. The onus will be on developers to provide best residential and commercial properties to prospective buyers at affordable prices and gain most of the benefit.
For more information about Unnati Fortune Group login to: http://www.unnatifortune.com
Follow Mr. Anil Mithas on twitter: https://twitter.com/anilmithas
Follow Mr. Anil Mithas on Facebook: www.Facebook.com/anilmithasufg
As per the estimates by the Planning Commission of India, there will be about 600 million people living in cities by 2030, that will led to a huge demand for affordable housing projects in Delhi NCR and other metropolitan cities. Also, with the GDP growth pegged at 7.4 per cent this fiscal against 6.9 per cent in the previous year, there is an increase in hiring across various industries for skilled personnel. The better income prospects for salaried employees will make them financially able to further invest in more residential and commercial real estate projects.
There are several factors that indicate 2015 will definitely be a good year for the Indian real estate sector. As inflation is under control and borrowing rates are going down, people are more considering this as the best time to invest in either residential or commercial projects in India. The real estate companies are also reacting to the buyers’ sentiments and offering great deals on affordable residential and commercial projects in Noida and other cities. The property prices across Delhi NCR are staying stable that lead even the fence-sitters to look out for the best residential projects in Noida and other places.
Rise in job opportunities, better income prospects, positive sentiments among buyers and demand of affordable housing make the Indian Real Estate sector promising in 2015. Easing pressure on the rupee is also one of the reasons that impact the industry positively.
Mr. Anil Mithas, Chairman & Managing Director at Unnati Fortune Group, says with an increase in demand for affordable housing, more residential projects are expected to launch in 2015. The onus will be on developers to provide best residential and commercial properties to prospective buyers at affordable prices and gain most of the benefit.
For more information about Unnati Fortune Group login to: http://www.unnatifortune.com
Follow Mr. Anil Mithas on twitter: https://twitter.com/anilmithas
Follow Mr. Anil Mithas on Facebook: www.Facebook.com/anilmithasufg