Real Estate industry in India-Bulls are back on the Dalal Street and Indian share markets have made a sharp recovery in today’s trading session. The Sensex started the day in red and touched a low of 19,101 in the morning. However, it rebounded into the green and headed northwards as the day progressed. Huge buying in auto, banking and capital goods stocks pushed the index up to a high of 19,731 towards the end of the day. The Sensex finally ended with a gain of 434 points at 19,696 and the Nifty added 125 points at 5,911.
Real Estate industry in India is dominated by likes of DLF, Unitech etc.There is some positive news about the Indian stock market. Reality stocks like DLF, Unitech, Oberoi Reality and most of the other reality stocks closed in green. But things are not so good for the Real Estate sector in India. As per recent reports on it, buyers are staying away from the real estate projects.
Real Estate industry in India is expecting prices to dip. This dip is going to vary based upon the regions. Rates will drop across all major locations in India. Demand is still there but there are other factors which are affecting the reality market. In last few years, reality prices have gone up significantly. There are lots of projects which are stuck and most of the real estate projects are delayed.
There is always a sense of doubt when it comes to real estate developers and brokers. Most of the developer deals with the customer through brokers which also makes the process non-transparent. Due to lack of transparency, buyers are avoiding slow moving and pre launched projects.
