Who wants to know the demand of Housing in next six months

• Housing demand is going to pick up in the upcoming months. The Government is focusing on motivating the home buyers to buy a home and the real estate developers to build new projects.• Government announced tax incentives to the real estate sector for various buyers like first time home buyers and the people who buy a house and take home loan more than 70 Lakhs.

• A new report “ Real Estate Sentiment Index” has been released from Industry Body FICCI for the 1st

quantum year of 2016. this report is formed on main key supply-side stakeholders, developers, private equity funds, bank and non- bank financial companies.• It has been observed that there is an appreciable improvement in the

Real Estate Sentiment Index for residential units. The firm receiving the positive approach from the residential units in Q1 2016.

• “The residential sales have increased to 54 % and the stakeholders are quite confident on the residential sales that the real estate demand will reach the peak after 6 months,” Knight Frank Said.

• The firm maintains a gradual flow on the new projects to reduce the pressure on the unsold inventory.

• The real estate firm announced that the real estate sentiment index make a rise of 50 marks and hopefully it will reach to 67 by the year end.

• Samantak Das, a chief economist and national director, research, Knight Frank India said after a quite time now the real estate sale has increased because of the union budget 2016.

• The real estate regulation bill becomes more transparent and helps to boost the Sentiment index further to make all the Real estate stakeholders to gain profit.

• The stakeholders have been optimistic on the office space sale and now they have the confident on the

residential sector so this year they are going to see two positive sector sales.

• Bengaluru is the first target place for office space market by many IT sectors. Google is going to occupy 1 Lakh Sq. ft. in Bagmane World Technology center.

• Bengaluru witnesses a new trend where six million square feet of residential apartment bought by the

property buyers on every successive month.

• Devanahalli capital property value per Sq. ft. is 1500 Rs as per the last update on Mar 2016 and Anekal capital property value per Sq. ft. is 1200 Rs as per the last update on Mar 2016. This two places Considered in an affordable range in Bengaluru as per the property rates survey.

• If you are a home buyer and looking for

any new projects in Devanahalli and Anekal then property survey says that it is a good idea to move forward buy your dream home in Q2 2016 to reap all the advantages of this year union budget.