2013
saw office realty as the most pitifully hit segment due to overall slowdown and
uncertainty. With individual and corporate earnings going down, commercial real
estate also lagged behind. It is expected that a new stable government after
the 2014 general elections might allow tax breaks for real estate investment
trusts which would rather help to pull the commercial properties flags high up.
Entry
of multi-brand retailers might bring in lot of action on the retail front in
2014. With overall vacancy in malls reduced by 2% on account of increased
leasing activities in the freshly-launched malls, things are improving.
2014
might be a different scenario as compared to other years as investors though
interested in property market will lag behind the end users.
Majority of sale in residential segment is expected to be for self-use.
Investors rather find it difficult to exit out of the market because of the
forecasted decrease in real estate transactions prices and this might bring in
hope for end users to have their dreams come true, at deep bargains. Stability
is predicted in the real estate market in 2014 with a positive shift in
experience. 2014 general elections is expected to be the determining factor for
commercial and retail segment as most things depend on the then pertinent
eco-geo-political situation of the country.
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