Real Estate Websites Foresee Good Times Ahead for Indian Real Estate

All experts agree the real estate sector is poised for growth. Real estate websites have been posting analysis continuously over the past few months that the countries realty sector is going to benefit hugely from greater transparency and customer friendly policies. Investor confidence will improve as builders have to abide by the norms of RERA making it far easier for buyers to trust builders. Rising income levels in the country will also benefit the countries real estate sector. 

A Time of Initial Public Offerings

Other reasons that property websites have been jubilantly cheering for the property sector in India is because of the IPO of a home improvement and building products company. The IPO of the company is an important sign that property in India is on the cusp of greater things. Many industry watchers see the IPO of the construction company as a sign of improved confidence in the countries real estate sector. The government is also disinvesting its share in one of its largest PSU’s by raising funds thru an initial share sale and this is another recent event that brings cheer and improves sentiment in Indian real estate.

Real estate in India has been suffering over the past 9 nine years, it hasn’t been the same since 2008 yet now finally things may be turning around, although say industry watchers not completely all the way around.

RERA is Just Around the Corner

The Real Estate Regulation and Development Act is just around the corner; it is expected to be introduced by the middle of this calendar year. What augurs well for buyers of real estate is that Indian courts have recently given judgements that have been favourable to those who purchased real estate, this has infused the real estate market with newfound confidence according to numerous real estate sites in India. In the future real estate buyers can be more certain to receive favourable treatment not only from court rulings but also due to a more amicable real estate regime that will favour buyers over builders.    

Other Reasons to be Upbeat

Income levels in India have risen faster than home prices which makes it easier for more households to purchase property in the country today. Property sites have also revealed that consumer sentiment towards real estate has also improved due to numerous sentiment building measures of which RERA is but one.