The year 2017: Bringing New Hope to the Real Estate Sector

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With not many project launches in the years and with bleak response towards these very few launches put a tag of a bad year on 2011 for the real estate sector. A look at the year just passed, shows that new project launches went down considerably even in areas highly sought after both from the commercial and residential point of view. In NCR region and Mumbai Metropolitan, new launches went down by over 50%. With the launches of the year 2011 still waiting for the buyers, the real estate agents have ventured in the year 2012 with wounded hopes for profit. The miserable state of the Real Estate Sector in the year 2011 can be attributed to the following factors:


  • As the interest rate kept increasing all the years round, the buyers never felt motivated to invest money on real estate properties. RBI took had to take the step of increasing the interest rates to put a control on the rising inflation.
  • Rising inflation wavered the budget of the people and left them panting while fulfilling the basic needs, what to think about investing the disposal income on property.
  • Recession and debt crisis a common global scenario, has affected the stability and confidence of people employed in the corporate world. The situation of uncertainty and instability has tied the hands of people from investing much and they are relying more on savings.
  • The price surge of the real estate property is further adding to the non-interested approach of the buyers. Property prices getting almost doubled over the years and the non-compromising approach of the builders have made the rising graph of the profit in the real estate sector a far-fetched dream.

Amidst this disheartening situation, the Real estate Regulation Bill to be passed in the year 2012 rekindles the hope for a positive change. It is expected that with this bill transparency will be added to the real estate transactions and a shift of people's interest towards this sector will be seen.

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4 Comments

  • Admin

    ARE

    28 September, 2012 at 7:35 am

    I have read your post attentionaly.Every person will accept the reason of falling down the market of realestate which you have mentioned in your post in 2011.It is fact ,now the person are uncertain and instable for their earning source and the price of realestate is touching sky .

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  • Admin

    palacehomes

    07 August, 2012 at 10:35 am

    The investment on the real estate is in peak in India, the builders get more profit for their investments.

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  • Admin

    apartments for sale Indore

    13 July, 2012 at 5:04 am

    Some brokers have a great sense to misguide the people due to this big business of real estate. One must be sharp minded in managing the show.

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  • Admin

    99acres.com

    17 May, 2012 at 7:30 am

    Yes, the new real estate bill has a lot of hopes attached with it. The property dealers are expecting to make good profits after this bill is passed and more number of people would be seen investing in the real estate business of India.

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