It has been just a few days into the new year and experts are predicting some optimistic trends in 2015 for real estate in India. Not only fuel prices, but other economic commodities are also expected to come down to a reasonable price.
Recently, RBI Governor Raghuram Rajan announced a 0.25% cut in the Repo rate. This would mean a much reduced borrowing rate, and increased purchasing capacity of people. It is expected that property available for ready possession would receive a boost in demand with falling of interest rates.
Real estate developers are also planning to transform the deliverables. Affordable or budget housing is the new catch, and every real estate conglomerate would want to invest in that. For end-users as well as investors, affordable housing is becoming the most preferred type with respect to purchase of property.
The current Central Government is also coming up with housing schemes under the plan 'Housing for all by 2020'. This is again an opportunity for real estate entities to come up with new variations in projects. Many great news, for both seller and buyer, are expected to unfold in this new year.
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