Realty at the bottom of the pyramid
While everybody, including the Finance Minister seems to be focussing on the affordable housing, the definition of the real estate at the bottom of the pyramid seems to be changing.
While everybody, including the Finance Minister seems to be focussing on the affordable housing, the definition of the real estate at the bottom of the pyramid seems to be changing.
Surging growth in emerging markets such as China and India will boost demand for real estate, although uncertainties such as an oil shock could pose major risks, economist Nouriel Roubini said on Thursday.
I would say I am relatively dissatisfied with the focus of budget on realty sector in the last ten years. Our expectations have never been fulfilled and I now demand investments in infrastructure sector should be set as a priority, as good infrastructure is very necessary for the economic growth of the country.
Bangalore continued to witness increased market activity in 4Q10. Transaction volumes have improved significantly compared to that in the previous quarter. The improvement in transaction activity can be attributed to the stabilising macroeconomic situation, positive business environment outlook and the strengthening domestic market conditions.