Anticipating a slew of announcements in the maiden Budget of the NDA Government, sentiments of home buyers and investors have seen an improvement displaying a strong positive outlook for the real estate sector. ?Sales are up and enquiries from prospective buyers growth manifold? point out builders and developers in Chandigarh and Punjab.

Prateek Mittal, Executive Director, Sushma Buildttech Limited told here today that the customer sentiment has turned positive during the last two months. He said that both affordable and high end properties had seen spurt in sales. Sushma Buildtech has come out with two projects-one at Dhakoli near here which is a 25 acres project. He said that five acres of this has already been developed and delivered, another seven acres is expected to be delivered this year and rest next year. In numbers, Sushma Group has already sold and delivered 200 units in dhakoli while 500 more are likely to be delivered this year.

Prateek Mittal, an IIT Graduate turned developer opined that the new government at Centre should immediately grant infrastructure industry status to real estate projects. He welcomed setting up of a Regulator and hoped such a regulator would chase away unscrupluous elements and would function as a filter.

Director, Sushma Buildtech, Bharat Mittal observed that end users were coming to the developers realizing that input costs were going up and there was no use to put decisions on hold in the hope of further cut in prices of real estate. He said that the company was coming up with another project of 16 acres on Delhi highway. Total investment n the two projects would be close to Rs 180 crores.

In fact the real estate stakeholders are markedly bullish about the future and expect the business environment to be upbeat post Budget and expect the real estate sector to perform much better in the coming six months. Future sentiments have improved in realty sector and most of the developers are quite bullish about the future of the economy as well as the funding scenario. Bharat Mittal, an MBA observed that there was also a co relation between investments in gold and real estate markets. Historically when ever gold prices got a beating, it had proved to be a trigger for the real estate market. Now when investment in gold was down in view of softening of prices of yellow metal, real estate was sure to show positive signs.