The real estate market experiences slower activity during elections, while homebuyers remain active, driven by needs, amid anticipation of policy changes.
New project launches in Mumbai have significantly declined in Q1 2013 compared to Q4 2012, attributed to weak home sales and cautious developer strategies.
Office space demand in India is projected to reach 30.5 million sq. ft. in 2013, a 12% year-over-year increase, driven by improving global economy, increased FDI, and revised repo rates.
Retail investors show cautious approach towards recent IPOs while institutional and high net worth investors demonstrates higher interest. Several IPOs deemed overvalued, according to investment recommendations.
Mumbai is the most preferred real estate investment destination, followed by Chennai, according to a recent survey. Patna, Nasik, Tiruchirapalli, and Madurai are also emerging as attractive options.