Residential
prices
have
are
likely
to
rise
after
the
election,
in
Delhi-NCR,
compared
to
year
ago
phase.
The
demand
for
property
is
expected
to
rise
in
the
second
half
of
this
year,
which
will
be
a
boost
for
the
real
estate
sector
in
India.
Residential
property
prices
is
rising
rapidly
than
the
growth
in
household
income
during
this
period,
which
will
increase
in
absorption
of
residential
segments.
Interest
rates
are
much
higher.
Therefore,
residential
prices
will
witness
the
rise
of
prices
in
an
upward
movement
during
the
next
six
months
and
supply
levels
are
likely
to
improve
in
the
second
half
of
2014.
Besides
many
home
buyers
have
been
waiting
for
the
election
results
before
taking
any
decision
to
buy
a
home,
which
caused
concern
in
the
realty
market.
Anticipating
a
change
in
political
leadership,
which
would
likely
lift
home
buyers
and
investors
sentiment,
resulting
an
improvement
displaying
a
strong
positive
perspective
for
the
real
estate
sector.
However
the
economic
and
employment
policies
will
be
the
key
drivers
to
growth
of
the
developers
and
financial
institutions
are
quite
bullish
about
the
future
of
the
economy
as
well
as
the
funding
scenario,
as
the
recent
years
have
seen
a
slowdown
which
has
impacted
all
asset
classes.
The
industry
expects
the
new
government
to
take
steady
steps
in
creating
a
productive
investment
environment
to
be
upbeat
in
the
coming
six
months
as
election
polls
point
towards
an
imminent
change
in
regime
and
bring
in
clarity
on
passed
regulations,
which
would
help
regularize
the
sector.
If
the
new
government
takes
any
positive
measures
for
the
real
estate
sector,
it
will
not
make
or
break
a
market
but
they
do
affect
market
sentiments
to
a
significant
degree.
Overall,
2014
is
going
to
be
much
better
as
compared
to
previous
year
for
the
real
estate
sector
and
it
is
likely
to
see
that
the
benefit
will
extend
through
the
real-estate-economic-multiplier.
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