Real Estate Bubble: Why Tax Sops for Housing Sector May Not Help

Despite all efforts by the government, the real estate market in India refuses to look up, especially in the mega cities. Findings of the FICCI-Knight Frank Real Estate Sentiment Index for the quarter-ended September 2015 indicate that the current sentiment score, for the second quarter running, is negative.

Stakeholder sentiment, which has been on a decline since the fourth quarter of 2014, highlights the shaken confidence. The findings suggest that the current situation is worse than six months ago. Already home sales in India’s top eight property markets have declined by 4 per cent while unsold inventory has risen 18 per cent.

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