The FDI in the real estate sector is expected to touch US$ 25 billion in the next 10 years
After a victorious and clean majority sweep for Narendra Modi led BJP in the 16th Lok Sabha election, experts opine that a stable government will help elevate the real estate industry to new heights. The next 5-6 quarters are expected to be game changers. It is anticipated that interest rates will come down and availability of funds will simultaneously increase as inflation is likely to slow down. Read More http://profit.ndtv.com/news/industries/article-property-market-revival-expected-after-modis-win-388571
Speculation suggests in view of a stable government at the centre, the Private Equity (PE) investment in the real estate market of Delhi-NCR and South India is expected to go up by around 54% and 95% respectively. Realty experts have noted that investment in the realty sector has been sluggish, however the segment is expecting huge surge in post-election scenario.
The foreign direct investment (FDI) in the sector is expected to touch US$ 25 billion in the next 10 years from its current US$ 4 billion. Developers and experts are expecting a revival and increased inflow of foreign investments into the realty sector which will ultimately lead to increase in the volume of residential and commercial projects in India, mainly for NCR and South Indian regions.
Major cities like Mumbai, NCR-Delhi, Bangalore and Chennai witnessed absorption up to 72.5% of the total commercial space availability in 2013. These cities aim to grab a share of contribution in total commercial space absorption in 2015 ranging between 74-76 %. This clearly indicates a promising path forward for 2014 & 2015 and giving rise to increased demand for commercial space and projects.
With the rise in the number of projects being undertaken, top developers like DLF, Homestead, Experion, Raheja and several more are increasingly looking to compete with one another by enhancing design considerations and seeking distinctive suppliers to meet the requirements of these uniquely designed residential and commercial spaces in India.
It is these projections, trends and requirements which have created a need to facilitate immediate action in order to ensure the timely execution and delivery of these ambitious projects. RESCOM Summit India 2014 will take place in 2 editions, namely an NCR Edition on 17th-18th July 2014 in Delhi and a South India Edition on 31st July-1st Aug 2014 in Bangalore. This closed door private initiative will gather up to 150 key decision makers like Real Estate Developers, Individual owners, Architects & Interior Designers, Project Management Consultants, Engineers, Contractors and Solution Experts to realize imminent goals for the successful delivery of their projects.
With the strategic partnership with National Real Estate Development Council (NAREDCO - Under the patronage of Ministry of Housing and Urban Poverty Alleviation, Government of India) this initiative will aim to cohesively bring together the movers and shakers of the real estate sector in India with a view to define standard processes and objectives in order to continually advance India’s real estate sector.
Ganesh Babu, Director at IDE Consulting Services Pvt Ltd comments, “The increased investments will lead to higher pursuits amongst project holders in India by increasing the demand for newer and innovative products propelling India to the forefront and at par with booming real estate markets across the globe. We are excited to offer a platform wherein prequalified key decision makers, specifiers and solutions providers will be able to engage themselves in the exclusive one-to-one meetings set up to catalyse the successful completion of on-going and upcoming projects.”