In the year 2013, the real estate sector of India
had its bumpy ride amidst the slow economic growth. The high inflation,
unbalanced regulatory institutions, uncertain policy framework and speculation
ridden trade had its effect on the subsectors of Chennai construction. However,
the sector rose to reveal resilience and clocked a constant expansion for houses
in Chennai. Looking at the year, some of the moves towards regulation and
reforms were initiated for strengthening the real estate market. The Regulatory
Bill and REITs along with other measures such as Land Acquisition Bill were the
rays of optimism for the realty market. The year 2014 is the platform for
buying Chennai houses for sale as the regulations and reforms has an impact in
the construction domain of India.
Moving forward, along
with the upcoming election in the year 2014, the outgoing establishment is also
expected to let off the real estate stakeholders with quick sanctions and
approvals for Chennai houses as this would widen the scope of operations in
this sector. Depending upon the election result, the new government is
anticipated to review and approve various reform policies during the current
year. This makes the year 2014 to become the workshop of a progressive real estate
segment with a huge number of houses in Chennai. Also, the Real Estate
Investment Trusts (REITs) are expected to launch by this year which add on the
value for the already expanding sector.
REITs, is a
transparent trading mechanism which would allure more investments towards Chennai
houses for sale and will also attract novel investors who have been away from
the property market so far. Moreover,
REITs will be a source for prevailing the market sentiment of real estate
sector. From this, as discussed above, the year 2014 takes it turn from where
the real estate segment is embarking upon the journey towards further growth
and expansion. Also, this not only increases the demand for houses for sale in Chennai,
but also led the micro markets including the suburbs and outer fringes of the
city to grow further and further which in turn will result in numerous
development activities in the coming year. The earmarked investments for
industrial and civic infrastructure at these places will produce yields by
highlighting the worth of investments over houses in Chennai for sale.
Over the last
year, the Chennai realty market has been reassured with sufficient initiatives.
Thus, 2014 is the year where these initiatives are going to produce results and
have a long lasting impact over this market with high absorption rate of Chennai
houses for sale.
