On the road to recovery?
The first half of 2014: The real estate market in India will continue to remain muted for at least the first few months of the year as both homebuyers and occupiers of office space will be cautious about investing The second half: The market will improve after the polls. The focus is likely to be on the right product in the right market at the right price point. There will be a few launches and developers will focus on execution The Land Acquisition Act and REITs: The Land Acquisition, Rehabilitation and Resettlement (LARR) Act has already come into effect. Its provisions are likely to result in increased transparency. Real Estate Investment Trusts (REITs) could also open up opportunities for small investors Office space in 2014: Businesses are likely to show greater confidence in terms of investing in their expansion plans in the second half of the year resulting in increased office space absorption Prospects for retail: The year may not prove to be a watershed year for retail FDI. This is because most Indian retailers, including the big ones, have witnessed falling profits and rising debts. They are largely in consolidation rather than expansion mode