The number of new project launches is expected to log a growth of five percent during the second half of 2014."
Chennai, Aug 26 - The residential and office real estate markets are showing growth signs in Mumbai, National Capital Region (NCR), Pune, Chennai, Bangalore and Hyderabad, said a study by Knight Frank India.
With a stable central government, sops for the housing sector and other government decisions for economic revival seem to have changed the home buyer's sentiment from negative to positive in the past three months, Gulam Zia, executive director, Knight Frank India, told reporters here releasing the report.
According to the report, the sales volume in the six cities is expected to show 26 percent growth rate in the second half of 2014 as compared to the corresponding period of 2013.
The number of new project launches is expected to log a growth of five percent during the second half of 2014.
High unsold inventory and poor response received by the new projects launched during the second half of 2013 and first half of 2014 are expected to deter real estate developers from launching new projects.