Elections and real estate : Impact and demands05:09 PM IST
As we enter deeper into elections, the overall atmosphere is very charged. Apart from a high-octane political game, elections imply a massive impact on the macro economy, thereby influencing the real estate markets as well. Mint speaks with experts to gauge the impact of the elections on real estate. According to real estate advisory, 360 realtors, empirical evidences from the past have suggested that new launches generally dry up during the time of elections as buyers defer their decisions. Not just in India but globally as well, the markets generally slow down during election time primarily due to uncertainties in the economic and policy affairs. While consultancy ANAROCK believes that a new Government with a clear majority raised optimism in 2014 and that the long-term benefits of recent reforms will accrue only with the continuity of their enforcement by this or the next Government, said experts.