Research and Markets has declared the inclusion of a new report titled, "India Real Estate Report Q3 2011," in its list of offerings.
The report though anticipates a slowdown in its growth during 2011-2012 financial year yet finds the economic liberalization, robust demographics and domestic demand drivers will assist the country in its long-term economic growth. The country continues to enjoy development and growth in its informational-technology-enabled services (ITES) and information technology (IT) sectors.
The report indicates that the requirement for commercial property space in the country’s seven biggest cities will go up to 14.9mn m2 by 2014 and anticipates more demand for such properties in the National Capital Region (NCR), Bangalore and Mumbai. It mentions that currently significant levels of developmental activities are taking place in places such as Mumbai and NCR, which may lead to an increased supply. It also mentions that there is enough demand to absorb the new supply.
On the tax front, the report indicates that though the new Direct Tax Code (DTC) makes the tax rules less complicated to spur growth in the Special Economic Zones (SEZs), the advancement of minimum alternate tax by a year from 1st April 2012 will put roadblocks for such growth. The report also describes the changing trend to invest in high rental yielding commercial properties instead of developmental projects.
The perceived risks mentioned in the report includes diminishing level of Foreign Direct Investment (FDI) due to reported scandals, poor level of infrastructure, which require an investment of US$1,000 bn between 2012 and 2017 to match the growth of China and weak fiscal conditions due to increased level of populist spending.
The report discusses about leading Indian companies such as Sobha Developers, Parsvnath Developers, DLF and Ambuja Cements.
Source: http://www.researchandmarkets.com/