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Business The .pany, which had four residential project launches in 2011, has several launches planned for 2012, including Prestige Bella Vista Chennai, and Prestige Mayberry, Prestige Summer Fields and Prestige Silver Crest Bangalore. We will as well as inaugurate Forum Vijaya Plaza in Chennai and Oakwood Prestige Premier Serviced Apartments in the Forum Value Plaza during this period, he says. According to a press release, the .pany will as well as expand its presence in various cities across south India, such as Chennai, Hyderabad, Kochi, Mangalore, Mysore and Goa.2011 has seen a significant rise in the demand for luxury residences in Bangalore, says Mr Neville Vaswani, Managing Director, Vaswani Group. Bangalore has as well as emerged as one of the preferred destinations for realty, thanks to the .pared cost advantage which Bangalore enjoys in .parison to cities such as Mumbai and Delhi. Though it was a challenging year for all the real-estate players, it has not affected latest projects .ing up, he adds. Real-estate developers now hope that this will spill into the latest year too But for many, what 2012 holds for the real-estate sector remains a big question. In terms of the residential segment, the deadlock between the buyers and developers should break in favour of buyers, says Mr Pranab Datta, Vice-Chairman and Managing Director, Knight Frank India. As this happens, he explains that the pent-up demand from the section of buyers, who are sitting on the fence in anticipation of price correction, would translate into improved fortunes for the residential property market. Employment scenario, inflation and interest rate have a bearing on the overall sentiment of buyers. Since houses are bought by people who are confident, these factors will have a role to play, and hence cues from government action will be keenly watched, he adds. In terms of the .mercial office market, the performance of the service industry has a significant bearing, says Mr Datta. According to him, the slowdown in the global economy, which impacts the Indian Business Process Outsourcing sector, and the muted expansion plan of domestic players, will exert pressure on the .mercial office property market. Mr Vaswani hopes that 2012 will be a better year for the real-estate industry, with far less fluctuation in the market and a lot of correctional measures taken by the government to stabilise the economy. A stable economy will major boost to the confidence of investors and buyers in the real-estate market again, he adds. About the Author: 相关的主题文章:

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