The Indian real estate sector has been experiencing robust growth since the election a new Government. The demand for residential housing and office space is likely to improve in the coming days. A report released from Knight Frank suggests that realty demand will improve in the major cities of the country. Let us see the outlook for the major cities in the next six months.
Real estate market of Bangalore
The report suggests that there will be an improvement of 17% in new completions in the H1 quarter of 2015 as compared to H1 2014. A large number of lease deals from the e-commerce sector are in the pipeline. This will push the real estate market of the silicon valley of India. With builders in Bangalore coming up with new projects, buyers can expect more in the coming days.
Real Estate market of Mumbai
Though new launches will be lower in the commercial capital of India, yet there will be an improvement in demand. However, the report says that though the demand will improve the magnitude of growth in price will be low. Like Bangalore, real estate developers in Mumbai are also launching several new projects.
Real Estate market of Chennai
Though new launches will be lower in the commercial capital of India, yet there will be an improvement in demand. However, the report says that though the demand will improve the magnitude of growth in price will be low.
In the coming days, the Indian real estate sector is expected to touch new heights.