Real estate present
reviews of 2013 and outlook for 2014
Mr. Pradeep Jain,
Chairman, Parsvnath Developers
Real estate is one
such sector which is completely driven by market sentiments. In last 6 months
to 7 months, demand in the market has revived. Industry also saw some new
launches.
Government agencies and
authorities also came out with some favorable steps like the Regulatory Bill
and REITs which has further strengthened sentiments.
Going forward, the
trend is expected to continue for another 4 months to 5 months.
 |
| Pradeep Jain, Chairman, Parsvnath Developers |
However, it will be
interesting to see how market reacts post general elections. Though, I am
confident that with the kind of reforms proposed by Union Government over FDI
and Retail, real estate sector is going to witness fairly transparent and shiny
days in the year 2014 with many new launches in affordable and mid premium
segments in areas such as Greater Noida, Sohna Road New Faridabad and Manesar /
Dharuhera. Commercial space will also witness a boom with the expansion of
Delhi Metro in NCR.
Overall the market is
expected to see an uptrend in terms of demand and supply.
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