'Real Estate Outlook for 2014' - AVJ Group

Year 2013 was a mixed bag of cheers and tears for the Real Estate industry but Year 2014 may be considered as the year of Real estate maturity. Real estate is a game of market sentiments and those sentiments can be revived within a few months on the back of sound economic fundamentals and market demand. In the New Year, for the first six to eight month, growth momentum may not be the same as it used to be during the boom period between 2006 and 2008.

Mr. Vinay Jain, Chairman & Managing Director, AVJ Group. "Real estate is one such sector which is completely driven by market sentiments. In last 6-7 months, demand in the market has revived. Industry also saw some new launches. Government agencies and authorities also came out with some favorable steps like the Regulatory Bill and REITs which has further strengthened sentiments."

"Residential Property is now more in demand. There are a number of reasons for this increase in demand for residential property, many elements of which are likely to continue for some time to come."

"While the Indian Economy is expected to grow by 5% towards the end of 2013-2014, this is well below the mark set during the boom time of recent years. Indeed, the RBI is forecasting that inflation will come down to around 5.3% by end 2014 which seems fairly high."

Source : Equity Bulls

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