Real estate unlikely to drop

2:12 PM

Real estate unlikely to drop
The prices in the residential real estate market are unlikely to come down as experts said that a large amount of global liquidity is chasing quality projects across the Asia Pacific region.

According to global audit firm PwC, there is an excess liquidity across the Asia Pacific region, which is chasing quality projects both residential and commercial projects in the region.

The rankings of leading cities in India like Mumbai, Delhi and Bengaluru have also improved significantly from that of last year in the list of top investment destinations for global investors following the election of a new government and also on account of an upturn in consumer demand.

The increased access to capital, according to experts will provide the much needed strength to real estate developers in tier I cities to hold on to their stocks for a much longer period, which is expected to keep the realty prices firmer in the coming months.

“The Indian realty market has once again turned favourable for global investors looking to invest in realty projects. This means that real estate developers in Tier I cities will have increased access to global funds. This may give them the capacity to hold on to their existing inventory which should keep the property prices firm in Tier I cities,” said Bhairav Dalal, associate director, PwC.

Source :- The Asian Age

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