The Last few months FY 2013-14 were harsh to the growth and expansion in sectors of economies around the world. The Indian economy was not an exception as it underwent its share of tough spell which witnessed the drying up liquidity, escalating inflation and the dwindling market sentiment. However, the day today exhibits a riving gush in the economic spectacle as the demands and supply quotient is seen to be stabilizing by the passing days.
The real estate sector has been resilient to the slowdown which cuffed the investment intensive domains in the recent past. Few micro markets of growth like the peripheries around metro regions and subsectors like affordable housing and regional commercial segments aided the sustenance of Indian realty sector’s sturdy stance during the testing times.
Encouragingly, the day today is the sight for revival of construction as the demand in the industrial arena looks to be building up yet again. Positive outlooks for the economic growth are surfacing in the media and across-the-board stakeholders are gaining the much awaited confidence. Moving forward, the realty sector is witnessed to be encoring its bounce of growth with influential triggers which are all embracing for its needs of funding and prospects of monetization.
As witnessed, huge land tract deals are proceeding to effect the development of expansive residential/commercial assets in the metro cities like Bangalore and Mumbai. The proprietors/landowners who were distressed during the times of tumbling price graphs for their immovable assets are now out in the market to sell and gain the worth of their holdings which were barren over the last few quarters. This significantly enticed the cash rich developers with who are now eager to buy these land pockets while they are available on relatively cheaper rates.
The number of deals for immovable assets in the metropolitan regions in India over the last few months has been reassuring for the resurgence of realty sector as one of the most profitable investment destinations. Along with the availability of land being sold by owners, who are in a rush to monetize their properties, the developers are now reallocating their funds to develop novel assets and target the untapped segment of buyers.
The elderly residential estates, compact and affordable homes targeting the masses and studio apartments aiming to cater travelling professionals have emerged to be the development prospects with the potential of huge impact in Indian realty market. These segments along with the mixed land use policies and sprawling business districts have surfaced to be the prominent aspects of developments in the realty sector.
Henceforth, the residential sector is yet again gaining its due prominence along with the proprietors willing to facilitate the developers with land tracts which are being converted into sprawling residential enclaves. The realty market sentiment across the primary (fresh properties) and secondary (rental/resale) market is rapidly picking up across the Indian urban regions and other tier two cities. The future which will witness the instatement of a stable government in the center and the subsequent implementation of new development policies is expected to host furthermore boost in realty's growth and expansion across its subsectors. .