The year 2013 is all set to revive the struggling real estate sector that experienced a downturn in the preceding year. Major parts of India would perhaps experience a boom of real estate projects in the present year. In order to entice investors, the developers are all set to be out with tangible discounts in the upcoming residential projects.
Nearly everyone is upbeat about the property trends in the wake of Real Estate Regulation Bill and Land Acquisition and Rehabilitation and Resettlement Bill likely to be tabled in the upcoming session of the Parliament. In addition, the real estate investment trusts (REIT’s) are expected to be launched in the following year.
These all would act as pushers for the stagnating real estate sector of 2012. Furthermore, with the permission of 100 % Foreign Direct Investment (FDI) under automatic route in built-up infrastructure keeping in line with the revision in FDI limit for multi-brand retail, a sure shot surge is probable in the real estate development sector in 2013.
Majority of the players in the real estate sector are buoyant over the increasing demand for residential projects in the tier-2 and tier-3 cities. The call for high quality office space is bound to take a new elevation this time and reality stocks too would be climbing a new crest wave on the bourses. The average price range of Rs 2,000 to 3,000 per square feet in 2012 is all set to rush forward to Rs 3,000 to 5,000 per square feet, further stressing the before said claims.
It is the right time for all the aspirants to plan for a living space as probability of holding out on a living space at evenhanded rates is unmatched like ever before. Therefore in short, the story is all set to take a new high in the present year.