On the road to re­cov­ery?

HT Estates - - FRONT PAGE -

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

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