Real estate industry has started showing the signs of recovery. Effect of recovery will be shown in coming quarter. These are not baseless talks. Launching of new projects at low interest rates is the main reason behind the increase of sales inquiries. Specially, the term ‘affordable housing’ is attracting middle class families to fulfill their dreams. After the huge gap of about one and half year, real estate market has stepped towards recovery. Even foreign investments was reduced in that time. Real estate market is getting its position back in market.Various banks are coming forward to provide loans for housing sector. With the reduction in interest rates, banks are adding a bulk of names in their happy customer list daily.
“There is a definite a rise in interest among home buyers and an attractive pricing has led to bookings,” Anshul Jain, CEO of international property consultancy firm DTZ India, said. It was the cement-to-hotels conglomerate Jaypee Group that started the affordable house bandwagon in the capital region, by targeting frills and reducing apartment sizes.