Five realty trends for 2016

RENT AND CAP­I­TAL RATES

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Af­ford­able hous­ing: De­vel­op­ers need to price projects af­ford­ably to stay afloat till the mar­ket re­cov­ers. Small, bet­ter-de­signed, more ef­fi­cient homes with right pricing will be in very much in de­mand in 2016

End users’ dom­i­nance: Like 2015, 2016 will also wit­ness end-users dom­i­nat­ing the res­i­den­tial realty sec­tor. It is ex­pected that in­vestors will ap­pear on the scene only by the end of this year or the be­gin­ning of next year

De­mand for value-for-money units: With right pricing, the most im­por­tant fac­tor which will at­tract more and more home­buy­ers in 2016 is value-for-money-units in at­trac­tive lo­ca­tions such as New Gur­gaon, Ghazi­abad, Greater Noida (West), Farid­abad and sec­tors along the Noida-Greater Noida Ex­press­way

Timely de­liv­ery is crit­i­cal: Home­buy­ers will give pref­er­ence to de­vel­op­ers who have a track record of timely de­liv­ery. Many de­vel­op­ers are thus ex­pected to pri­ori­tise timely com­ple­tion and de­liv­ery of projects

Reg­u­la­tory re­lief: The real es­tate reg­u­la­tory bill is ready to be tabled in the Ra­jya Sabha next year. If by any chance the bill be­comes an Act in 2016, home­buy­ers can ex­pect huge re­lief as it de­fault­ing de­vel­op­ers will be brought to task

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