The revival of Indian real estate sector was a much-expected move after general elections yielding a stable government. Indian real estate market is much driven by sentiments of buyer and is now seeing a better day, owing to the incentives that are announced in union budget, this would also help bringing the economy back to the growth path.
A report issued by one of the most sought after real estate consultants in India, Knight Frank says that the gap between demand and supply in residential sector has been narrowing and the buyers are expected to stick to the positive outlook. Similarly, the increase in absorption rate of office spaces is expected in the other half of this year.
A comprehensive report can be seen at http://www.knightfrank.co.in/india-realestate-outlook/