New Delhi: The real estate sector is expected to rise and not get affected by the global slowdown, but it won’t experience the same appreciation it has experienced in the past due to many significant factors. According to Mr. Anuj Puri, chairman and country head, Jones Lang LaSelle India, the middle income residential group is a good investment option. For the long-term investors the residential real estate sector is a profitable possession. But he advises that the investors shall not plough money in the early stages of project as they might face delays in the later stage. So the safest area to invest is the already developed projects. The real estate experts’ is of the opinion that the economic slowdown may leave an impact on the Indian real estate market but that won’t be a severe one.
The impact of the global slowdown can however be felt in the IT sector which may result into less demand for office space. According to Morgan Stanley, even if the global slowdown affects the developed countries by a percent, the Indian economy will experience around 6.5-7 % growth in 2011-2012 as compared to the original 7.8%. Even in the worst case the Indian economy will experience a growth of at least 7%.
The impact of the global slowdown can however be felt in the IT sector which may result into less demand for office space. According to Morgan Stanley, even if the global slowdown affects the developed countries by a percent, the Indian economy will experience around 6.5-7 % growth in 2011-2012 as compared to the original 7.8%. Even in the worst case the Indian economy will experience a growth of at least 7%.
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