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Demand for housing sector may increase by 30 Percentage says the- Federation of Indian Chambers of Commerce and Industry

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As per a report submitted by FICCI, the housing segment will pave a way for the growth of realty segment in the country. The boom in the housing segment may witness a demand during the close of 2009. A source from www.propertykhazana.com states that though the realty segment has made some significant improvement, many analysts are of the opinion that there may be increased demand of 20-25% during the end of 2009.
A report from the realty segment also states that reasonable housing is said to the order of the day. The demand is for a price group of Rs 5-15 lakh and may increase to Rs. 15-25 lakh by over 26% while the price range of Rs. 25-40 lakh would witness 22%. It also adds that properties varying in the range of Rs. 35 lakhs to Rs. 50 lakhs will see a demand of 12% whereas those over Rs. 50 lakh may see only 6% demand. Sources from www.propertykhazana.com state that lending institutions are being very cautious in extending loans as they prefer to lend only to reliable developers.
Due to unorganized rules and lack of understanding, the realty segment’s mutual funds have not picked up in the indigenous market. New procedures adopted may be ample and clear and matters concerning taxes may also be taken into consideration. Further the non-existence of single window clearance was seen as the major issue. Too many rules and regulations come in the way of implementation of the project. For further details refer to www.propertykhazana.com.
Source: NBTVLIVE

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