Currently, there's a shortfall of 23 million houses in India.
A fourth of the property market is cash-based and this has affected home sales after high value notes were scrapped.
The festival season holds out hope for the real estate industry as demand from end users increases in many markets.
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Experts say in the serviced apartments space, developers, primarily from the hospitality sector, are targeting non-resident Indians, expatriates and now, even domestic investors.
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Some major property companies based in South India, such as Puravankara and Sobha Developers, are spreading their wings in the high-growth National Capital Region market.
Call it an expectation of revival in the real estate market or improving liquidity, bulge bracket property deals have made a comeback in the country's commercial capital.
The sector's performance in delivery also saw a decline -- only 23.5 per cent of the committed units were delivered during the first six months of this year, show data from research firm PropEquity.
Experts attribute this to economy slowdown and political uncertainty with the general elections round the corner.
In a trend that has taken off in a significant way, more and more developers are launching independent floors with lawns and basement/roof terraces in gated communities, to attract buyers, who otherwise opt for builder floors prevalent in the unorganised real estate sector.
PE funds have invested Rs 13,000 cr into the property market in Bengaluru.
There is also scope for buyers to negotiate for discounts.
The trust deficit has widened with buyers losing confidence in a developer's ability to construct and deliver a project on time.
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The year so far has witnessed several luxury project launches by major real estate companies such as DLF, Unitech, Supertech, Tata Housing and Godrej Properties.
Struggling, corrupt construction industry will be challenged by the prime minster's $250-billion plan
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