2013 realty industry based on consumer’s expectations
Delhi-NCR- The realty industry in Delhi-NCR has gained pace since 2012 despite the land acquisition issues and project delays. Perhaps this year the Indian realty market will experience a shoot due to the fast paced infrastructure, better connectivity and new developments.
All of the above features not only attract the end-users but will also better the investment value in the Indian realty market. According to one of the popular developers, the Indian realty sector is gaining experience and has been developing every year.
The realty players are quite cautious about everything and are focusing on various concerns and challenges in each quarter. The year 2012 experienced a mixed response in the realty market as there were few regions and segments without any growth in sales when compared to others.
However, it was a win-a-win situation, as most of the developer’s offers were wholeheartedly taken by the customers. The customer’s demand has been quite encouraging which has apparently misled the industry causing a lag in the bulk unsold inventory.
On the other hand, the luxury segment this year has received a good response and has been enticing the home buyers for the upcoming luxurious units.
The official also stated that the sales of the projects categories have improved in certain regions with the improving consumer demand. Talking about the luxury segment developments, there has been an active participation of both the consumers and the investors. Perhaps, region wise this year might cause the development of tier II and tier III cities having different demands and active participation.
The following year will witness an active participation of the industry in maximum number of regions owing to the fact about the convenient proximity to advanced regions.
However, the manner of Indian real estate adapting to the upcoming changes will be interesting and will build India at par with global standards. The year 2013 will also witness technological advancement in the realty sector leading to the advancement of the construction process. The future of the industry will be decided based in the consumers expectations.
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2013 real estate industry, Delhi NCR, fast paced infrastructure, investment value in the Indian realty market, land acquisition issues and project delays, luxury segment, real estate sector in 2013, Realty industry, tier II and tier III cities
