Having a focus on inflation control for a while, the Reserve Bank of India (RBI) is expected to push for economic growth. Also, with a stable government in place by the mid of 2014, the New Year should see a more robust economic environment. This will definitely help the real estate sector in reaching new milestones.
While the first half of 2014 is likely to remain sluggish or improve slightly from where it stands today, the latter part of the year should see the return of good times for the Indian real estate sector. Housing will continue to be the driver of real estate growth. Commercial real estate will pick up towards the second half of the year. There will be continuous focus on affordable housing, which will be the focus area for medium term and not just 2014.
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