REAL ESTSTATE OUTLOOK 20!5

by Mr. Suresh Hari, CREDAI-Bengaluru

There has been a good pick-up in demand from the mid-year onwards in 2014.

A major contributor towards this spurt in demand was the change of government at the Centre, with favourable legislation for industry and economy and the formulation of REIT ( Real Estate Investment Trust) policy.

As far as Bengaluru is concerned, even during the sluggish first half of 2014, we have seen a steady growth. By easing rules for FDI (foreign direct investment) in projects spread over a smaller area, the Government has opened up avenues for development opportunities within city limits.
 
Mr. Suresh Hari,
CREDAI-Bengaluru



Realty Outlook for 2015:

With major policy changes on the anvil, a lot of growth in FDI and other investments are expected to flow into the sector. Going forward, we also expect interest rates to firm up, or even decrease on home loans by the early second quarter of 2015. Buyers can look forward to many residential project launches across Bangalore in 2015 across price and size ranges.
 
The IT &  ITES sectors continue to drive demand in this city, and hence buyers also go for locations where there is a possibility of commercial and retail developments. Additional links of Metro connectivity being completed during 2015 will add impetus to growth.

About the author
Mr. Suresh Hari is Secretary at CREDAI-Bengaluru and Partner at Vishal Promoters & Builders.


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