5 Factors Will Change The The Tamilnadu Real Estate Market

5 Factors Will Change The The Tamilnadu Realty Market

by Mr. T. Chitty Babu, Akshaya Homes

The real estate regulatory bill was on the backburner for almost 25 years. This is good for the real estate sector as it will offer a level playing field for all real estate developers/ promoters. It will make a huge difference in the market. It will benefit the customer too as he will find it easier take possession of his project.

5 factors will impact the Tamilnadu real estate sector in the future.

First, increased Foreign Direct Investments (FDI) will bring in more money into the market, the clearance of Real Estate Investment Trust (REIT) will create more avenues for money inflow, SEZ development and infrastructure development will open up new land parcels for growth.

Second, The RBI's rate cuts, twice this year, will help the real estate sector across the country.

Third, the real estate regulatory bill . The 4th global investors meet in Tamil Nadu, which I am sure will bring in record investments into the state. I am sure that Tamilnadu will overtake all other states in bagging investments.

T. Chitty Babu, Akshaya Homes.

The fifth factor is that the conservative approach of buyers here will change. There is an upswing in the market and this will be the right time to invest. These 5 factors will be the game changers. One indicator of this positive indicator is that all commercial & retail projects are sold out. Only a small percentage is now available. This will increase in demand which in turn will help the residential segment grow.

About the author

Mr. T. Chitty Babu is Chairman and CEO, Akshaya Homes - Chennai

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