In spite of recession, stable government has raised hopes in all industries. During election there was slowdown in real estate sector but stable government has raised hope of buyers and seller. Election was important due to economic slowdown and uncertain future but election results have surprised all. The outcome of is stable government, hope for positive steps and hopefully the government taking faster and more aggressive decisions to stimulate the economy for a higher growth.
Stable government has brought hope to real estate sector and investors hope government will introduce measures towards affordable housing, increasing tax rebate on home loan, provide infrastructure status to residential townships and according industry status to the sector will facilitate easier bank finances for these projects. Government will restore confidence of customers by passing of the land acquisition, rehabilitation and resettlement bill and model real estate regulations bill. This will attract more foreign investors to domestic real estate.
Liquidity and business dynamic are major two major factors impacting real estate. Realtor is confidence as lenders of capital (debt and equity) have become less risk-averse. There is improvement in access for capital and they are watching for uptrend on the business front.
Buyers and investors are happier as government comes up with new guidelines to property registration and cut down in stamp duty. First-sale buyers can also enjoy the benefit of 6% stamp duty from this June onwards. We can see rush of property buyers to register property from June.
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Tags: Apartment India, Bangalore, Property Registration, Real Estate India
