Union Budget, a yearly affair of Government of India, displays the outlines of yearly economic planning, which is among the most significant economic and financial event. It provides an estimate of expenditures and revenues. As the budget establishes the cost constraint for a program, project, or operation, the upcoming Union Budget 2014 is awaited by all sectors of the economy, including real estate. In India, buying a property is considered to be a milestone in terms of financial investments and home buyers keep a look out for the steps taken during the Budget to decide their next course of action.

With the intention to gauge the expectations of home buyers from Union Budget 2014-15, Makaan.com, India’s fastest growing property site, conducted a research christened Roti, Kapda & Makaan 2014. The research was carried in the month of January & February 2014 among 1836 home buyers in the cities of Mumbai, Delhi NCR, Bangalore, Chennai, Hyderabad, Pune, Kolkata, Ahmedabad, Chandigarh, Indore and more.

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Source : Money Control

Even globally, Property & Asset Management practices have taken time to evolve into a sophisticated business and delivery model. However, its benefits are now available in India in the form of comprehensive real estate management. This includes two important and independent, though inter-related functions – Property Management and Asset Management.

‘Property Management’ is a discipline that integrates people, place, processes and technology to ensure the day-to-day operational functionality of a real estate asset. It involves handling of the routine operational functions on behalf of developers (engineering, security, soft services, landscaping, etc. Further, Property Management involves planning and implementing strategic management plans such as coordination and procurement of service agreements, vendor management, risk management, operational health and safety, and effective human resource management.

Source : Money Control

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Economy Indian economy showed its early signs of growth in recovery in the end of 2013, but headwinds such as threat of inflation, uncertainty in global capital flows and the upcoming 2014 general elections prevail. It is expected that 2H-FY2014 should record a growth rate of over 5.0%, which is positive in the near-term. Rising Inflation is likely to result in further increase in cost of construction. The increase in cost of finance has lead private financial institutions to switch from equity to debt funding.

Office Market Sentiment The lukewarm absorption of office spaces is likely to remain until 1H2014. However, during 2H-2014, businesses are likely to show greater confidence in terms of investing in their expansion plans leading to increased office space absorption. Rental and capital values are expected to grow in 2014, and yields are likely to compress further.

Source : Money Conrol

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