Economy – here comes the SunWith the rupee weakening, exports-led sectors in India will do exceedingly well in 2014. The global economy is looking up once again, and export-centric sectors like Information Technology, automobiles, textiles, garments, diamonds and jewellery will be the early beneficiaries of this trend. Large corporate listed players like TCS, Infosys, Wipro and many other reputed IT companies are hiring more employees and planning to pay better salaries in the next increment cycle. This will lead to improved sentiments - and the stock market is already reflecting this mood.
More pertinent to real estate is the fact that once the positive sentiment gathers forward momentum, fence-sitters will rush to buy apartments. This will be a key trend to watch, especially in cities that are directly catering to these sectors - specifically Chennai, Bangalore, Hyderabad, Pune and Gurgaon.
Evidently, looking at the macro picture is becoming crucial when it comes to property investments. With exports-led sectors set to flourish in the improving economic climate, further fuelled by the agriculture sector's revival on the heels of an excellent monsoon in 2013, a pick-up in GDP growth by the 3rd quarter of 2014 is definitely on the table. The multiple measures by the Central and State governments as well as the RBI to contain inflation will further improve market sentiments.
So far, so good! But what about the real estate supply overhang that has been so generously hyped by the media?
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