Expectations from 2013 real estate market
One can expect that the economy in India & abroad would revive and environment for real estate would improve in year 2013. Developers feel that it is best to forget 2012 and expect that strong underlying fundamentals, several initiatives by the government and price corrections will take real estate sector on an upward trajectory during the year 2013. “The rate of interest holds the key to the sale of flats. We sincerely hope that the RBI will come out with the monetary policy to allow banks to make the rates reasonable in 2013. Relaxation in the monetary policy will play a crucial role in leveraging the liquidity in the market for the developers as well as the consumers,” says Paras Gundecha, president, Maharashtra Chamber of Housing Industry (MCHI-CREDAI). The RBI (Reserve Bank of India) has already given a cue that rates cuts are likely in the near future. Source: http://www.financialexpress.com/news/expectations-from-2013-market/1054649/0 Is this information helpful? If