It looks like the real estate sector is getting better in India, especially in the NCR area. Reports of increasing prices and renewed interest in buying of houses indicate that the worst may be over for Indian real estate players. Real estate companies on the stock exchanges have also been the main beneficiaries of the recent stock market rally.
Is this the beginning of a new 'bull market'. I think it is. Recent market surveys indicate that the NCR will see a surge of demand in residential real estate in the next five years. The study indicates that there will be a demand of about 1.5 billion square feet of residential real estate alone in the NCR. This is good news for real estate developers. Let's wait and watch.
