2015: A YEAR OF AN­TIC­I­PA­TION

Peo­ple are likely to press the buy but­ton only if in­ter­est rate cuts and tax sops are an­nounced; de­vel­op­ers will fo­cus on af­ford­able hous­ing

HT Estates - - FRONT PAGE - Van­dana Ram­nani

Tof more jobs and the re­sult­ing de­mand for res­i­den­tial units. The year will see only en­dusers dom­i­nat­ing the res­i­den­tial space and very few in­vestors. There will be de­mand pri­mar­ily for value-for-money units in the NCR. Ar­eas that will look up will be those of­fer­ing units in the 5000 to 6000 per sq ft range or the 60 lakh to 1 crore, de­pend­ing on the lo­ca­tion. Th­ese will in­clude Ghazi­abad, New Gur­gaon, Neem­rana, Dharuhera and Farid­abad.

Ac­cord­ing to Anuj Puri, chair­man & coun­try head, JLL In­dia, smaller, yet bet­ter­de­signed and more ef­fi­cient homes will de­fine the res­i­den­tial real es­tate mar­ket in 2015, and se­lec­tive cor­rec­tions in some of the over- priced ci­ties will help bring about faster sales for stag­nated sup­ply of larger con­fig­u­ra­tions. Town­ships will be­come more preva­lent, and the sup­ply of lux­ury homes will mod­er­ate to align with the slow de­mand dy­nam­ics for th­ese of­fer­ings. Af­ford­able hous­ing will clearly be the flavour of the sea­son.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.