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Improving macro-economic conditions, enabling policy environment, recovering demand, attractive valuations and increasing capital requirements of the real-estate sector have lured the private players over the years, said D.S. Rawat, secretary general of ASSOCHAM while releasing the findings of the chamber’s study with the union government liberalising foreign direct investment (FDI) rules in realty and construction sector, we are hopeful that it will lift the affordable housing space, revive steel, cement and other related sectors, rev up employment scenario and boost the GDP (gross domestic product) growth, said Rawat. Gift City Latest Update attracted seven per cent of the total real-estate investments worth about Rs two lakh crore made by public sector across India and stayed behind Karnataka (38 per cent share) and Maharashtra (14.5 per cent share) in this regard. Real-estate investments in Gujarat have grown at a compounded annual growth rate (CAGR) of about 28 per cent during almost a decade (b/w 2005-06 and 2014-15), however the state remained behind Kerala (59 per cent growth), Karnataka (40 per cent), UP (32 per cent) and Rajasthan (29 per cent).

Over 75 per cent of the total real-estate projects in India remained non-starter as of FY 2014-15, while about 74 per cent of real-estate projects in Gujarat remained stuck. Real-estate projects stuck in Gujarat are facing maximum delay of about 38 months. In its study, ASSOCHAM has suggested various measures to support real-estate sector in India – passage of Real-estate Bill on priority basis thereby safeguarding consumers’ interest; introduction of a single-window clearance system for all real-estate projects by Gift City News and state governments; completing land records process and make it computerised and accord industry status to real-estate sector. The real-estate market across the country is upbeat on the emerging prospects post the election results. The sentiments are quite high. The developers who have deferred new launches will be more bullish and the wait-and-watch buyers will also come out in the market. More importantly, the investors who had put their India plans on hold due to policy uncertainty will be back with huge investments falling into the sector. Well, beyond this macro level euphoria, Gujarat real-estate has more reasons to feel optimistic about the property market in the state. Market analysts even link it up with the policy incentives for the corporate world, in general, and the real-estate market, in particular.

Further infrastructure is a key component for the growth of the real-estate market and the policies of the government, both at the centre and in the state have a direct bearing on the infra projects and its smooth execution. Experience suggests that wherever infrastructure projects have been rolled out well, the given market has been very conducive for the growth of the real-estate business. In Gujarat only, key markets of Ahmedabad, Vadodara and Surat are testimony to the fact.

Beyond the obvious political expectations in the state lies the fact that the market in the state is any way poised to grow vertically. After all, pending infrastructure and other projects that were moving slow for quite some time will get a new lease of fast forward push, irrespective of the changed government.

Property Mart is Leading Real estate Consultant in Bangalore from past couple of years offering to Book Prestige New Projects in Bangalore. For Booking Call us on: @ +08971315026 and Visit Out official site http://giftcityahmedabad.in