Will the newly elected Indian government be helpful to the real estate sector? Many organizations with analysts think positively and one of them is Hamptons International. On the word of the company, the new stable government in the center will provide a sound infrastructure along with much-needed boost to the real estate sector. This will refurbish the residential sector as well and it is expected to witness new activity along with positive growth patterns projected at realistic levels over the next couple of years.
Seeking on this Shruti Gupta, Head of Country, Hamptons International India, says, “The real estate sector in India has very strong fundamentals which are fuelled by a strong and stable government;, liberal policies to promote the sector;, growing economy;, rationalization of mortgage rates; profit-booking from stock market gains; aspirational living amongst end-users to move to a better quality of life backed up a growing concept of double income households; and, superior construction quality in line with international standards, etc. The current crisis was predominantly due to a sudden halt in growth due to global factors and an unrealistic growth patterns. With a stable government, we will hopefully see the real estate market moving to its normal course of growth.”
Nevertheless the government will have to adopt an assortment of measures to bring growth back to the sector. These include financial support to major developers through financial institutions and more liberal loans to individuals to invest in the sector, amongst other reforms. It is likely, on account of the presence of a stable government, the job of taking measures to correct the financial markets will be easier than before.
Hamptons International is one of the leading international residential agents offering an extensive portfolio of properties across the globe. Hamptons India, on the other hand, is firm to provide world-class services for instance sales, corporate leasing, residential development consultancy, lettings, global asset management and investments, etc. The company is owned and operated as a subsidiary of Emaar Properties, one of the world’s largest real estate companies.
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