Realty sector in residential plots are going to rise up
The present government led by Narendra Modi, is focusing to revive the growth and bring down the interest rate. A recent survey said that the sale in residential properties in going to rise by the end of the year 2014.
The low confidence level within consumers in the last year and also in the first half during the year 2014, the residential property absorption level has been decremented in turn resulting for an increase in the inventory levels and the correction in price levels. The aforesaid was stated by a rating agency Caring Ratings.
The stable government at the Centre has been able to already buy the optimism in the country. The present government is likely to focus on reviving the growth, and the interest rates are going to go down in future. The government is also going to announce the reduction in the exemption limits on account of the interest on loan in properties which have been self occupied. The sale of residential units are going to pick up based on the aforesaid factors hopefully by the end of this year. The report was submitted by an agency that conducted the survey on the sale of residential properties a week back.
Source- Financial Chronicle
Housing prices, housing prices in india, housing prices in the last quarter of 2013, Land and Housing Prices, real housing prices, realty survey, Rise in Housing Prices
