The festive season with brand new homes!!

The Indian real estate sector has demonstrated a noteworthy resilience to the commotion in Indian economy over the recent past. During this period, the realty sector has also been steadfast on the way towards maturity and being constructively regulated. A recap of last few months vouches that the Indian realty has witnessed favorable reviews of policies by the central bank, regarding borrowings, novel prospects of investments and encouragement to FDI and NRI investors. Moving forward, the real estate sector is estimated to uphold the positivity and growth with the advent of festive season in the remaining period of 2013.

The developers are gearing up for further expansion and growth while the Diwali season is around the corner. The Diwali festival has been known for the joy and bliss that it brings along with it. It has been a customary practice to celebrate Diwali with substantial investments for asset creation, as the legend inspires positivity and hope for a brighter future. Diwali season is recognized to be an auspicious period that brings productivity along with it. As a result, the developers and property consultants encourage the home aspirers to be privileged by owning their dream asset during this time. This privilege is qualified with the discounts and festive offers that the realtors propose offer on under-construction and ready to move-in residential units. The offers include freebies like complimentary parking, discounts on per square foot prices and preferred locations of abodes with no extra charge, amongst many others.

Along with Diwali season knocking at doors, the latest RBI regulation that proposes to link the disbursal of loans with the completion stages of the projects is further expected to induce solidity in the realty market. This is the time when the home aspirers can safely invest in the realty market and own a suitable property for various objectives. The investment prospects have been bright due to the availability of cheaper land and built-up homes in the sprawling outgrowths of metro regions. Moreover, the ready to move in apartments in the mid-end segment are being developed in huge numbers. The good numbers of available homes and the festive discounts in the realty market have come at a promising juncture wherein the buyers are hopeful for better realty deals and the developers expect to receive increased demands from aspirers.

 

The growth and expansion in the Indian real estate sector has hovered around the deliberate efforts by the sector and the coincidental factors in the recent past. The leading developers have been introducing innovative realty solutions like integrated projects, serviced/studio apartments and green buildings. Subsequently the demand and preferential trends have also undergone a transformation and the quantum of demand for novel concepts of habitation has witnessed a considerable hike. Parallel to this innovative drive of assets, the currency exchange rate and the outreach of leading Indian realty brands have been successfully attracting FDI and NRI investments in the realty sector.

The next few months which are full of festivals (Diwali and Christmas), bring optimism for a reinvigorated growth for realty business for the year ahead.