Indian Real Estate Doesn’t See Fall in Price: Ficci Survey

March 15, 2007	(3 votes, average: 2 out of 5)  Loading ...
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A recently survey conducted by Federation of Indian Chambers of Commerce and Industry (Ficci) said that a major chunk of real estate firms believe that the rising price in Indian real sector is here to stay.

The survey, which is based on the findings from the 24 leading real estate consultancy firms, developers, construction companies, builders and financial institutions, came out with the fact that 67 percent respondents did not foresee a sudden collapse in the property rates in India.

Around 80 percent of the respondents were of the opinion that rise in prices was believed to be in the commercial and residential segment of Tier-II cities.

The survey also said, that 41 percent of the respondents felt that the residential sector
was more profitable as compared to the commercial sector. And 50 percent of the respondents felt rise in the home loan rates by banks will decrease the sale of residential property.

Residential segment has emerged out as the most preferred investment opportunity for the real estate developers said the survey. The second best place to invest for real estate developers turned out to be commercial sector followed by retail sector.

Surprisingly, SEZs as an investment option was least preferred.

90 percent of the respondents were of the view that IPOs would help in making the sector more organised, which will bring higher accountability and transparency and around 60 percent of them believed that it will give more credibility to the Indian retail sector.

News Published Under:   Real Estate India |