• Skip to main content
  • Skip to footer
  • Home
  • Business
  • Technology
Official Hype
  • Education
  • Finance
  • Shopping
  • Home
  • Business
  • Technology
Official Hype

Official Hype

  • Education
  • Finance
  • Shopping

Society

Budget 2015 For Real Estate: How About Home Buyers And Developers Dream

Wendy Wayne

The realty sector if India had high expectations from the union budget of 2015. According to popular news sources, the budget was a “let down” where property business is concerned. However that is not true. Even in the absence of any major reforms presented in the budgetary session, the government has done enough to support the property business and allow its growth. This is the reason why after almost half a decade of recession, the real estate markets in India have opened up to new reforms. Over the years, the business had been suffering across all territories. Even the demand of property in Delhi was undergoing a dip in sales- considering how much in demand it is. That being said, the property business in India is back on track and is expected to grow continuously in the coming years.

 The expectations and the efforts behind the scene

 The property markets of India started changing. The era of “depression” had led to the investors and stake holders take decisions which were meant to transform the business. Even in the beginning of the year 2014, it was expected that the property business would improve in the times to come. The anticipation of the installation of a new government already had the markets kicking dust and picking pace. However the sales figures initially were dismal. There was no improvement in the situation it seemed. But then the end of the year 2014 saw a remarkable increase in the launch of new projects across the country.

 The reason for this seemingly contradictory observation primarily lies in the fact that the property business in India is still at a nascent stage and remains unstructured. Just like it has been with all the developing nations, there is a “storming” process whenever the opportunities present themselves. The stake holders push for delivery of results using all means possible in the absence of a comprehensive structure. This is what happened with the property markets in India as well which are not consolidated. Therefore even when there was anticipation of growth, there was no way to measure it outright. Additionally, the overall information related to sales could only be accumulated months after them actually happening. Hence while all the information sources were focussing on sales, the best parameter to measure change was possibly different.

 It was revealed that the country had witnessed a foreign investment of almost $4.8 billion till the third quarter of the year 2014. This was an indicator of the time and change to come. This is the reason why the government also relaxed the norms for FDI way back in November 2014; well ahead of the budget session. This move would yield collaboration with the foreign players who are interested in investing in the property markets of India.

The provisions in the budget

The union budget of 2015 offered rebates on interest rates of housing loans. This would help the buyers purchase homes more easily- whether they want to buy property in Delhi or elsewhere in the country. There were no specific provisions for investors; but the earlier moves made by the government is undoubtedly going to help.

In Conclusion

The property business in India indeed has taken off and it is expected to grow at sustainable pace in the times to come.

« Previous Post
How Forged Parts Keep The World In Motion
Next Post »
The Latest Wordpress Themes For Entertainment Businesses

Reader Interactions

Leave a Comment Cancel reply

You must be logged in to post a comment.

Footer

About Us

Welcome to officialhype.org. We love to update you about business, healthy lifestyle tips, wonderful travel journeys, sharing the best places in the World. Update you on new technology, the latest tech reviews on gadgets, phones, and smart mobile devices. You get everything in just a single click.

Quick Links

  • Home
  • About
  • Privacy Policy
  • Contact

Recent Posts

  • Using a Payday Loan Responsibly in Times of Crisis
  • TradingView vs. Broker Charts: The Real Reason Traders Choose Third-Party Tools
  • Discover the Best Jewellers London Has to Offer
  • Top Reasons to Use Concrete Bollards for Property Protection
  • Cupcake Toppers: The Tiny Party MVPs You Didn’t Know You Needed

Copyright @ 2021-2025 · Official Hype

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Privacy PolicyAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT