Developing infrastructure and affordable land likely to spur investor intent in the area
Hood River, OR -- (SBWIRE) -- 01/14/2013 -- Two important bills recently passed regarding real estate. The Real Estate Regulation Bill and Land Acquisition Bill, which will be implemented sometime in 2013, are set to boost the sentiment of all who hold stakes and pined for a new order in the real estate sector, Pranab Datta, chairman of Knight Frank India stated.
The approval of the FDI by Parliament will attract foreign investors, according to experts. That change will not only benefit the retail industry, but boost demand for commercial property as well. The move underlines the government's seriousness in terms of the reform of India, with these two bills simply being a preview of things to come, says Datta.
In addition, the RBI is expected to cut the interest rates in upcoming months, which will see benefits to developers, and thus, consumers. The changes will have a positive impact on all portions of real estate, whether in residential, commercial, or office.
Jones Lang LaSalle noted in its report that the outlook for the New Year was promising in the NCR. That said, all stakeholders, like consultants and developers, feel that the area room for a higher peak when it comes. They expect more infrastructure such as roads, parks and, sports complexes being developed will help maximize appreciation.
JLL's report on the NCR region stated that there were areas like Dwarka Expressway, New Gurgaon-Manesar, Noida Extension and Noida Expressway have potential for investors to use to a maximum potential.
The area has been successfully resilient to the heat that many areas of the NCR face. The mixture of price sustainability and appreciation within the recent year, as well as the relative affordability, will mean a continued interest by investors who must have confidence in the area for there to be any success.
The increase in commercial developments, as well as infrastructure growth, and continued affordability will help such confidence persist.
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