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REAL ESTATE TO HAVE THE BOOM IN MID 2010

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Real estate is experiencing light at the end of the tunnel. According to the information obtained from www.propertykhazana.com, most of the markets in India will be reviving with the upward plunge in the rentals taking place. Due to the lack of cash, low demand, and due to the fall in the rentals, real estate segment recovered. Experts are examining as to how the recovery will take place and the nature of the growth.
The survey was done in the last 12 months, relating to the performance of the commercial real estate segments, which was done in six Indian cities like Mumbai, NCR, Bengaluru, Delhi, Pune, Kolkata and Chennai. On a short note, with www.propertykhazana.com, Priyankar Bhikshu, head of India research at DTZ commented that, “The growth of real estate segment will begin with major cities. Second level cities like Kolkata and Chennai will see a slow recovery in the second half of 2010 and Pune is not going to see any changes.
Furthermore, out of the 84 million square feet of supply which is planned, only 66 million square feet will be available. The availability of additional 18 million square feet is good to remove the downward pressure in the markets. After some time, the rentals are getting good support, thanks to the positive market growth. Next six months, there are no major changes which are taking place.
The need for good homes will increase in the first half of 2010 and then it will remain the same in the later part of the year. The IT and ITES industry will lead the demand criteria’s. The Telecom segment will see an upward growth in the next 12 months where as the banking, insurance, financial services, and manufacturing segment will have an upward trend. For more exciting information please visit the website www.propertykhazana.com.
Source: NBTVLIVE

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