The revised circle rates will reduce black money in NCR’s realty deals. The region’s circle rates have always been significantly lower than the prevalent market rates – a scenario which allowed both end users and investors to absorb the cash over and above the circle rates in any realty transaction
As before, developers with longer operating history such as Oberoi, Shobha and Prestige who have managed growth effectively over the years and predictability of income will find it easier to raise funds in 2013. It is unlikely that any major player will venture out nationally, with the accent for 2013 remaining firmly on local expansion.
FDI will be a powerful catalyst to the required growth in the retail industry and, in long term, will prove beneficial to all the major stakeholders. The new policy can benefit both foreign retailers and their Indian partners.
Over the next two decades, more than 500 million people (greater than the current population of either North America or Western Europe) will migrate to cities in the BRICS.
Jones Lang LaSalle’s latest research report ‘Indian Real Estate Transparency Index 2011′ benchmarks 20 leading states of India on five broad parameters