'ACI Real Estate expands in South India'

ACI Real Estate expands in South India

Southern India's real estate market seems to have even gotten the attention of some of Dubai's largest real estate agencies.

ACI Real Estate, whose portfolio is valued at around 100 billion rupees, appointed Hyderabad-based Global Properties as its Indian franchisee. This is only the start of ACI's projected franchisee network. More details may be found here in Go Wealthy.

Link: ACI Real Estate Dubai alliance with Indian real estate developer:: Gowealthy.com

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After growing at a fast and furious pace over the past few years, the Real estate sector in southern India is cooling down. This has been caused mainly by a slowdown of the IT sector that impacts the region in more ways than one. Besides, rising home loan interest rates, climbing input rates and a general consumer reaction to the escalating cost of properties have begun to take a toll on realty in this part of the country. Plus there has been an oversupply of highly priced properties, creating some sort of a glut. Further, the builders’ community has been affected by the tightening of the credit norms as well as the negative sentiments in the money and stock markets. This downturn, however, is lending a long-overdue rationality to the market. Only the professionally well-organised and coporatised builders will be able to move on. Reading the ominous portents, builders are also diversifying into hotels, spas, hospitals, warehouses, SEZs and other segments, to escape the dependence on the cyclical residential real estate sector. The ripple of the downturn has touched almost all southern cities. But, there’s an upside of this downturn. The most beneficial outcome of all this might be that it will force builders and developers to cater to demands in the sub-Rs 35 lakh and lower affordable housing category, for which there exist crying need and a huge pent-up demand.For more view- realtydigest.blogspot.com

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