The government’s initiative in the relaxation in FDI norms in the construction industry would increase foreign inflows and bring liquidity in the Indian economy. Interest rates, that has always been a headache for investors and businessmen was lowered by RBI.
We have reached midway through the year 2015 and it is very clear that Indian economy is finally booming with good GDP growth and this suggests that hiring in almost all the sectors would gain momentum leading to better job and income prospects for salaried employees. All these factors are good omens for Real estate industry. Actually, all of it started in 2014 with new government came into the power with full majority. Since then, various reforms and schemes have been introduced by the union government that have benefitted real estate sector some of which include infrastructure financing, the reduction in interest rates on home loans, incentives for affordable housing announcement of a framework for REITs (Real Estate Investment Trusts) and relaxation of norms for foreign direct investment in construction. This has become possible due to inflation figure touching record lows in recent months. This factor has induced the builders and real estate developers to come up with affordable and mid range units as compared to their premium projects. These developments are enough to attract investors and buyers to buy more number of residential units as compared to the past few years.
Along with this , Real Estate investment trust(REIT) funds would be launched by the builders through which they would be able to pool money from investors and use the same for financing the projects. It is expected that REIT would attract at least $20 billion. The Land Acquisition Act is another booster for Real Estate that has relaxed many of the norms, that have made land acquisition possible. As far as prices are concerned, it would remain stable as many of the real estate developers are sitting on huge inventories. These many reforms are adequate to attract foreign investments and would facilitate the builders to raise finance from the bank in a hassle free manner. In addition to this, PM’s dream of 100 smart cities across the country is another big development and by the end of 2022, this project would be completed. From all these points, it is clear that India is heading toward a great future and in the near future, it would completely develop as the hottest hub for infrastructure and foreign investment.
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Digital Marketing - A Fantastic Way To Boost Real Estate Sales
It is very important to do all the promotional activities from conversion perspective. There is no meaning of any campaign if it doesn’t have any call to action. You have to tell your audience, what they are supposed to do after watching any video or campaign.
