The inflation rate in India was recorded at 5.01 percent in May of 2015. Inflation Rate in India averaged 8.51 percent from 2012 until 2015, reaching an all time high of 11.16 percent in November of 2013 and a record low of 4.38 percent in November of 2014. Inflation Rate in India is reported by the Ministry of Statistics and Programme Implementation (MOSPI), India.
In layman terms when the prices raise the buying rate decreases, that’s what inflation is in a nutshell. So far 2015 is looking good and the buying rate has gone up, which naturally means the prices have gone down.
With that stated we thought we’d equip you with information about the real estate market. It has been six months now and it’s time to see whether it is a good year to invest in real estate or not. Let’s see the latest trends to look out for in 2015.
Residential plots to rule the roost: Unlike conventional market trends, residential plots are gaining prominence amid property buyers.
Buyers prefer to buy plots for attractive returns in the mid-to-long term horizon.
South India will gain a lot of traction: Projects with over 1000 units or above are gaining ground in regions like Devanahalli and Hoskote in Bangalore.
Heritage cities are a next big thing: The recent initiative by the government to develop various regions as heritage cities will also lead to high realty growth in those cities in the times to come.
Industrial corridors to boost infra growth in hinterland: Cities falling along the major industrial corridors are expected to see immense growth in the coming years.
As each corridor passes through various existing industrial clusters, towns and cities, these are likely to become investment hubs.
Thus, once completed, the real estate growth at India’s hinterlands, connected via these corridors, will be exponential.
Affordable Housing will be the buzzword: Affordable housing has become the talk of town ever since BJP, in their manifesto, promised ‘housing for all’ by 2022.
These are but a few things to look out for before you get your feet wet in the real estate pool.
Skyline Constructions is one of Karnataka’s most trusted names in real estate, something we have achieved through sheer hard work, dedication and resolve.
With a talented and dedicated team of architects and engineers, we have built world-class spaces and has earned the confidence of our clients’ with over 60 completed projects adding up to over four million square feet in industrial, commercial and residential space. To know more visit skylineconstructions.com