Economic Activity and purchasing power

Realty experts are of the view that while there might be some euphoria-driven rise in transactions and a marginal rise in prices, this will dissipate soon. “It will take another 12-odd month before prices begin to rise within the sector. And that will happen only if the new government has a successful first six months and its initiatives put the economy on a higher growth path. One reason why prices may not rise immediately is that they are already very high in most major metros. The economic slowdown has had an impact on salary revisions, and hence on urban buyers' purchasing power.

“Economic activity has to pick up and purchasing power has to rise before we see more demand in the housing sector. High interest rates are another deterrent. In the near term, the new government can't down interest rates, especially with inflation reining high.

Urgently needed reforms while the new government can't engineer a quick revival of the real estate sector, it can take several steps that would have a salutary impact in the medium to long term. One, it could expedite the process of granting approvals to real estate projects. “We expect the new government to be more efficient in granting approvals to real estate projects. Developers complain that the authorities too should be made accountable for not granting timely approvals.

Reference URL: http://hitendrachoudharysblog.blogspot.in/2014/05/property-prices-may-not-go-up-for-6-12.html

Residential Property in Gurgaon

Fast real estate development, particularly the housing sector, has taken place in Dharuhera over the last few years. Dharuhera is identified as an industrial township. It is one the fast developing cities of Delhi NRC and has been included as the new growth corridors of Gurgaon.  There is a great demand of residential properties in Dharuhera as it is close to Gurgaon – a millennium city, National Capital Delhi and Airport Delhi and other NCR cities and it is a wide open area and has pollution-free environment. Moreover, property prices here are comparatively low. So, at the present time it is a most sought for place for the people. A large number of residential projects in Dharuhera have been developed and some are under construction which is being carried out by the several reputed real estate developers that are offering attractive features and amenities of a modern lifestyle.

Reference URL: 

http://zameenrealestate.blogspot.in/2013/11/residential-projects-in-dharuhera.html