Realty developers look optimistic this festive season -

Realty developers look optimistic this festive season

After two consecutive dry festival seasons, developers are optimistic in 2014.

Almost 100 odd new projects are ready for launch in big cities; with National Capital Region (NCR) being the hotspot. The seasons in 2012 and 2013 went by with hardly any movement in property market as far as new project launches are concerned.

Stable and active government in center, high sentiments, lucrative offers to sell unsold inventory and ample of equity available are some of the factors which would help boost developers optimism as they enter this festive season.

Buyers can be hopeful of getting very god deal i.e. Rs 5-15 lakh cheaper depending upon their bargaining power and location of the project. More and more enquiries have pushed the brokers confidence and the real estate community presumes a rate hike next year as well.