It is said realty in 2012 in India is going to be zooming because the future lies in buildings and construction! This also means new trends, technology, advancements and some more regulations!
It is predicted that after an increase in interest rates of home loans, RBI will not further hike it up in 2012. This means, more buying of houses. It is expected across the board that home loan rates and interest rates will be affordable and hence realty in 2012 can expect more players in terms of buyers of new houses.
With increase in industrial development, employment opportunities throughout India are supposed to increase. This means more disposable income for the people which is very essential for real estate to grow and thrive.
There also seems to be a huge opportunity in sustainable development. These opportunities should be tapped appropriately by the builders and construction agencies. The future of “green” construction and all the new construction of apartments and houses will be environment friendly! India is fast pioneering towards sustainability and green construction of houses. There might be a premier attached to these new houses but it will go a long way in making a substantial contribution towards environment friendliness.
There is also hope that regulations will be more clear and will see the light of the day in 2012. If this happens in the new year, many of the costs can come down which also means they will not be passed on to the consumer. This will be good news for both the buyer and the seller.
Well, challenges always are part of the game and 2012 will be no different. Input costs are expected to rise (skilled labor, raw materials etc). This is more due to the cyclic nature of goods in India. But this means actual cost of the house going up in some cases.
Other things are unsure at the moment because of American and European recessionary trends. Lot of things depend on how well these economies perform and how large an impact will there be on Indian Realty market.
Construction industry has seen a boom for the better part of the last decade and predictions for 2012 are bright. Trends like going green, townships with better security and modern day senior citizen homes will pave the way in the new year! Investing will be a wise decision in most of the cases.
It is said realty in 2012 in India is going to be zooming because the future lies in buildings and construction! This also means new trends, technology, advancements and some more regulations! For more information you can visit : real estate blog
