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Crisil states that Indian Residential Market may prove to be optimistic by 2010

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A crisil research report available with the www.propertykhazana.com says that there would be a great demand for Indian Residential markets by 2010 because of new techniques of improvement in affordability, speeding economic growth and greater liquidity. But, because of the heavy priced capital values, there would be a slowdown till 2009 in all the three sectors of commercial residential, and retail. The report also states that there will be a slow wearing away of lease rentals in the next two years.
It is added by the source at the www.propertykhazana.com that the report is based on a survey conducted over 400 areas across 88 micro-markets. Mr. Sudhir Nair, Head , Crisil Research emphasized that Increased growth rate of Indian Economy, revival of global economy, better liquidity and a slump in interest rates are the main cause that will indicate demand in reviving the residential sector and there is a likelihood of greater demand for housing and supply at pretty price points.
He further stated to the www.propertykhazana.com that for the next two years, the demand for the commercial and retail sectors may be fall down due to more supply and dull offtake. Stating that Kochi, Chandigarh , and Pune though having a high investor’s existence had a great slump in capital values as compared to other cities and the slump is going to continue till 2009 and 2010 which would be mainly be in the commercial and retail sectors. But Crisil reports adds further that the demand for houses will improve in 2010 when there is an increased economy which will in turn lower interest rates for home loans and create better job security. For more and latest realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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