do polls make or break markets?
do prices shoot up?
Property prices do not shoot up after elections, especially not after state polls as multiple factors are at play irrespective of which party wins. Right now, the realty market across the country is going through a slow phase and is trying to tackle the after-effects of demonetisation
overall weak sentiment:
Over the last few quarters, buyer sentiment has been weak due to several economic factors. A win by any party may uplift homebuyer sentiment but the road to recovery will be dependent more on larger issues such as budget announcements and interest rate cuts
buyers and builders hopeful:
Builders are hoping that the state government that comes to power will give a push to faster approvals, single window clearance and better infrastructure. Buyers are hoping that projects that have been delayed are delivered without any last minute additional charges
will NOTA campaign work?
Homebuyers may now start exercising the NOTA option if the government does not fulfil its promises of providing housing for all. “They have waiting far too long and if nothing happens on ground, this may be the last resort left,” say experts
In case of infrastructure too, there is often a last minute rush to complete projects just before elections but it is a myth that the public will vote in favour of those trying to put up infrastructure in haste. “The electorate has now become more discerning,” say experts