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- India Property Market Expected to Rise In The Financial Year 2013-2014
Posted by : satendra jain
Indian Property market is circumspectly expected to do better in financial year 2013-2014 than it did in financial year 2012-2013, despite of current slowdown, say that real estate developers, and consultancies and real estate experts. Compared to 2012-2013 year, coming year is making a true promise for real estate firms particularly for those that provide luxury and top class apartments. This is because of increasing the job opportunities and inflow of highly qualified and highly skilled professionals in NCR where they can get professional jobs.
Residential property market in India struggled in the year 2012 with changing macroeconomic environment that kept potential property buyers and real estate investors in stay and watch style. Upper rise in the labour price, higher interest rates and inflation that continued to impact the buyers sentiments, along together these essential factors led to fall in the sales particularly in Indian Property market. Nevertheless with varying scenario, diminution in interest rates and with expectations of enhancement in macroeconomic conditions the privileged demand in residential property market is expected to rise.
During 2012-2013 year, not only commercial property, even in residential property segments too, office spaces will observe a great hike as overall economy is expected positively and office rentals have previously fallen down. According to recent reports by Cushman and Wakefield and Nomura, in 2013-2014 sessions, the returns could be in the range of 10-20% unlike 2012-2013, when the returns from property market were in the range of 30-40% in different cities of the country. Heavy Returns from real estate during 2013-2014 will take a pulsation because of a slowdown in the economy, Cushman and Wakefield said in the recent report. In addition, investment in India is really a good option for earning huge amount of capital. This investment option has given many golden opportunities to earn a lot of profits in coming years.