December 20, 2014
Real estate review in 2014 and future outlook for 2015.
implementation of REITs and the special focus on infrastructure development, with these announcements the government has made it clear that in order to push economic growth.
According to recent research, The positive sentiment can be gauged by the fact that global real estate funds focused on India are seeking to raise $6 billion (over Rs 36,000crore) in new capital on top of $1.6 billion (over Rs 9,000crore) raised in the first seven months of 2014. Most of this is aimed at residential projects. In addition, there is a
significant rise in interest from large sovereign and foreign institutional players over the course of 2014.
In 2015, as an apex body of real estate we expect from the government that real estate sector would get infra status and clarity over Real estate regulatory and land acquisition bill, single window system for approval and clearance. We look forward to a brighter era for the real estate sector in coming year which will boost the sentiments of Greater
Faridabad, Naharpar along with developing areas of Delhi- NCR.”
MR. AMAN AGARWAL, DIRECTOR, KV DEVELOPERS SAYS
“In 2014, with the changing political scenario, Indian economy has observed impetus in every sector. In real estate sector it has observed an optimistic change with the various policy reformations. With the ease in FDI policy and prologue of real estate investment trusts (REITs) has encouraged the sector as a whole. These policy reforms bestowed new hope to attract new investors and helping the sector to relive from cash crunch.
Low-cost housing and housing for all have been identified as a focus area by the Modi government and it has promised shelter to all by 2022. Hoping ahead, we look forward to see a better future in 2015 for real estate market. We expect that government will focus in some concern areas like with easing interest rate, giving infra status to the sector and bringing transparency with establishing RERA and to give clarity on real estate regulatory and land acquisition bill.”
MR. DHIRAJ JAIN, DIRECTOR, MAHAGUN GROUP
In 2014, As new and stable government came in existence, Indian Economy has got a momentum with various policy reforms which clearly demonstrated in all the sectors. With announcing housing for all and to build 100 smart cities government clearly proven their special focus for real estate and infra sector._ Easing FDI norms and execution of REITs
also opened new doors for foreign investment.
We are very much sure that housing demand and potential of the industry will increase in 2015. A research indicates that luxury housing is registering maximum growth, owing to increasing HNI (High Net-worth Individuals) population and growing aspirations of people looking for luxury lifestyle. Subsequently, we are hoping that government will bring
more transparency through RERA and land acquisition bill and RBI will reduce interest rate to salvage the fund crunch in the sector.
CCI Newswire
