New Delhi : Technology-enabled transaction and aggregator platform Square Yards has launched its real estate outlook for 2016, which presents a comprehensive analysis of Indian real estate industry outlook for the year 2016.
The report captures city-wise analysis of the major Indian markets along with current state of the Indian real estate sector, highlighting the various key components.
Although the market is yet to recover fully, there has been an emergence of positivity in the market. IT centric markets like Bangalore and Pune have been doing better on the back of large job markets and relatively lesser price.
In the commercial capital of India and the National Capital Region ( NCR), although developers are still conservative in terms of property launches to manage their existing inventory; there has been certain micro-market that are emerging as winners.
In the former Peripheral locations such as Panvel, Uran, Ulwe and Kharghar etc. in Navi Mumbai and Thane have witnessed significant appreciation. Similarly Central Mumbai locations Ghatkopar, Powai and Vikhroli have also undergone significant appreciation due to better connectivity and upcoming commercial parks. In the latter upcoming micro-markets like Noida Extension and New Gurgaon are attracting investor interest.
Hitesh Singla, Principal Partner and Head Research Square Yards had said that Indian realty has started to bottom out in 2015 and more positive sentiments are expected in the year 2016. According to Singla, Indian realty is also capitalizing on the recent surge of the interest of PE investors in the Indian real estate along with robust commercial real estate market outlook.
The comprehensive report can offer meaningful insights to consultants, analysts, media and institutional investors looking to invest into the Indian real estate. Likewise, the report can also offer great insights for individual buyers, investors and others who have got a penchant towards the happening of Indian real estate.(ANI)