The real estate sector is hopeful of a good start in the current
year 2014. With a slack continuing for the last one year, there was a
slew on negatives for business owners in this sector. Demand for flats
were at a low, buyers’ were protesting against delivery delays, huge
piles of unsold housing stocks were a bother, combined with very
limited launch of projects. While all these problems rocked the real
estate sector, the New Year seems to have brought in some relief. The
new land acquisition Act along with the proposed real estate regulatory
bill should be able to help make the real estate sector more
accountable.
The other ray of sunshine for the real estate sector is the NRI investments, which seem to growing in number. The trend is a result of a drop in rupee rates, making this a very lucrative investment option for all non-residential Indians. Most NRI’s are keen to have a home in India since the RBI regulations for the same are also quite flexible and easy.
With such options coming up in the current year, the real estate sector should be able to survive the downfall and flourish in the years to come.
The other ray of sunshine for the real estate sector is the NRI investments, which seem to growing in number. The trend is a result of a drop in rupee rates, making this a very lucrative investment option for all non-residential Indians. Most NRI’s are keen to have a home in India since the RBI regulations for the same are also quite flexible and easy.
With such options coming up in the current year, the real estate sector should be able to survive the downfall and flourish in the years to come.
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