Realty on its slow move of recovery
Posted on: 26/Oct/2014 10:35:53 AM
The perspective of builders and realty constructors say Indian real estate is getting eventually recovered now. However, despite festive season, the sales figures seem to remain low for the builders.
According to the country head of international realty consultant Jones Lang LaSalle Anuj Puri, nevertheless government’s pro-business policies and pro-market budget, the realty sector has been very slow in showing signs of recovery. The demand for apartments is on its high side, but the sale is still not in par with it due to several economic factors such as the natural lag between government policy announcement and implementation.
Both buyers as well as builders eye on government policies. Buyers are avid at any possibility of reduction in interest rates. The possible reduction in rate may elevate sales in micro market. Builders however are reluctant in reducing prices. While few offer specific discounts, few others offer free electricity supply for 5 years, free gold coins and varied payment options for the buyers.
