Year 2012 was one of the worst years for the real estate sector. Squeeze on cash flows, scaling down residential projects, higher vacancy in retail, lower absorption of office space, and liquidity crunch described the past year for the sector.
However, the next year promises to be much better. The reasons for this optimism are many: The opportunities for the realty sector from the opening of foreign direct investment (FDI) in retail, the likelihood of key policy rates being cut in early 2013, and the expected recovery in the economy next year, which will improve the overall sentiment.
Text: Business Standard