 New
Delhi: According to a recent a survey by industry
chamber FICCI, a majority of Indian CEOs and CMDs do not
foresee collapse in the prices of real estate and disregarded
the rising trend as a "bubble".
With
the growing number of new-buyers, the real estate sector
is likely to witness about 5-10 per cent increase in
prices across all categories of cities in the coming
four to six months, the survey reveals.
A
vast 67 per cent of the respondents from among the 24
leading real estate consultancy firms, developers, construction
companies, builders and financial institutions, did
not foresee a sudden collapse in the property prices.
Approximately
80 per cent of the respondents supported the view that
rise in prices was perceived in the commercial and residential
segment of tier-II cities.
The
survey indicated that the residential sector is more
speculator-driven as compared to the commercial sector,
which is more end-user driven.
According
to the findings, residential property was viewed as
speculator-driven by 41 per cent of the respondents,
with about 29 per cent saying that it was end-user driven.
While,
around 8.3 per cent of them felt that commercial property
was speculator-driven and 75 per cent felt that commercial
property was end-user driven.
Almost
90 per cent of the respondents felt that IPOs would
help in making the sector more organised, who said it
would drive in higher corporatisation, accountability
and transparency.
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