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End Users not investors will drive real estate this year

Mumbai, Hyderabad & Bengaluru, Developers

End Users not investors

After 2015 failed to bring cheer to the property market, the new year may have begun on a promising note, Industry officials say slump is a thing of past end sales are slowly picking up in a few cities, including Mumbai, Hyderabad & Bengaluru
Developers’ initiatives such as offering attractive schemes and deals to buyers, coupled with low­ering of rates by the Reserve Bank of India, seem to be encour­aging the fence-sitters to enter the market.
Buoyed real estate experts see stagnancy ending this year and sales rising 25% across the country. Pankaj Kapoor, MD of property research firm
Liases Foras, told dna, “2016 will be end-user driven market and not investor-driven. We could probably see sales growth of 50% in the Mumbai Metropolitian Re­gion with 65,000 units being sold in 2016. This is because afforda­bility is improving and there is no scope of price correction. < article>

While in major cities such as Delhi-NCR, Hyderabad, Pune, Bengaluru, Chennai and Ahmedabad growth of 25% is anticipated.”

End User not investors, will drive real estate this year

End User not investors, will drive real estate this year

Mumbai: After 2015 failed to bring cheer to the property mar­ket, the new year may have begun on a promising note. Industry of­ficials say slump is a thing of past and sales are slowly picking up in a few cities, including Mumbai, Hyderabad and Bengaluru. Developers’ initiatives such as offering attractive schemes and deals to buyers, coupled with low­ering of rates by the Reserve Bank of India, seem to be encour­aging the fence-sitters to enter the market…

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