Trends of Real Estate Sector in 2016

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Trends of Real Estate Sector in 2016
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Phone - 080 40155666, 8494 9301 72 Email -
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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

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• .  The impediment that the industry is facing is
  the lack of buyers 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.

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• 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 cant 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.

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• The experts say that quick profits cant be
  expected from the properties this year. Though
  there is an expectation from the buyers 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.

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• 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.

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Phone - 080 40155666, 8494 9301 72 Email -
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• 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.

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• 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.
• Thats 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.

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Phone - 080 40155666, 8494 9301 72 Email -
contact_at_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

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