2012 was not so good for India real estate due to high construction cost and falling sales which affected the market sentiment negetively. However, this year was good for home buyers who were waiting to buy or invest in real estate sector.
In 2013, the real estate regulations and policies, which are pending from last couple of years, are expected to be passed by the parliament in the coming quarter. Moreover, the approval of Foreign Direct Investment bill in India in multi-brand retail will lure foreign investors which will benefit the retail industry as well as increase the demand for commercial real estate. Next year, the Reserve Bank of India (RBI) is also planning to lower the interest rates which will further help the customers as well as real estate developers.
The changes happening will definitely have an impact in all the sectors of real estate in india whether it is commercial, residential or retail. It is expected that 2013 will be a much better year than previous years.