






{"id":3042,"date":"2019-05-13T11:17:24","date_gmt":"2019-05-13T11:17:24","guid":{"rendered":"https:\/\/www.asiapropertyawards.com\/?p=3042"},"modified":"2021-06-04T14:23:46","modified_gmt":"2021-06-04T07:23:46","slug":"indian-developers-in-watchful-waiting-amid-elections","status":"publish","type":"post","link":"https:\/\/www.asiapropertyawards.com\/en\/indian-developers-in-watchful-waiting-amid-elections\/","title":{"rendered":"Indian developers in watchful waiting amid elections"},"content":{"rendered":"<p>Market in cautious mode as they await a &#8216;stable&#8217; government to take power<\/p>\n<figure id=\"attachment_3044\" aria-describedby=\"caption-attachment-3044\" style=\"width: 1000px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-3044\" src=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_247555804.jpg\" alt=\"\" width=\"1000\" height=\"667\" srcset=\"https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_247555804.jpg 1000w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_247555804-300x200.jpg 300w, https:\/\/www.asiapropertyawards.com\/wp-content\/uploads\/2019\/05\/shutterstock_247555804-768x512.jpg 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption id=\"caption-attachment-3044\" class=\"wp-caption-text\">Niyazz\/Shutterstock<\/figcaption><\/figure>\n<p>Property seekers and investors are deferring decisions as India awaits returns of the general elections, <a href=\"https:\/\/www.thenational.ae\/business\/property\/india-s-property-developers-tread-cautiously-ahead-of-general-election-1.860095\" target=\"_blank\" rel=\"noopener noreferrer\">The National<\/a> reported.<\/p>\n<p>With the nation anticipating poll results on 23 May, developers are holding off on launches and focusing on unloading existing units.<\/p>\n<p>\u201cOverall, it is a period when all stakeholders wait with bated breath for the final outcome,\u201d Anuj Puri, chairman of Anarock Property Consultants, was quoted as saying by The National.<\/p>\n<p><a href=\"https:\/\/www.asiapropertyawards.com\/rising-property-prices-encouraging-more-indian-women-to-claim-inheritance\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>More: Rising property prices encouraging more Indian women to claim inheritance<\/strong><\/a><\/p>\n<p>The market is in a \u201ccautious mode due to the general elections\u201d, observed Shishir Baijal, the chairman and managing director of Knight Frank India. However, the second half of the year will see \u201cincreased velocities\u201d as a result of stable interest rates and inflation being kept under control.<\/p>\n<p>Indian elections commonly see political candidates using their real estate holdings to defray their campaign expenses. Current circumstances may well promote this phenomenon, analysts said.<\/p>\n<p>\u201cIt is no secret that in the past, funds parked by political parties in real estate were sucked out of the system to finance their poll campaigns \u2013 and the market is currently facing a serious liquidity crunch,\u201d noted Puri. \u201cThough new laws now overtly cap the amounts that political parties can accept for campaign donations, they obviously don\u2019t cover all possible avenues of access.\u201d<\/p>\n<p>The ideal outcome of the polls would be a \u201cstable government,\u201d said Niranjan Hiranandani, the managing director of developer Hiranandani Group.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market in cautious mode as they await a &#8216;stable&#8217; government to take power<\/p>\n","protected":false},"author":8,"featured_media":20052,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[216],"class_list":["post-3042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-india","news_country-india","news_author-property-report"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Indian developers in watchful waiting amid elections | Asia Property Awards<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asiapropertyawards.com\/en\/indian-developers-in-watchful-waiting-amid-elections\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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