Real Estate cooling down? Here’s what industry expert Ravi Kewalramani predicts

Real Estate is a complex and enormous paradigm. And it becomes even more complex when we are talking about a nation with a large population of over 1.4 billion or 140 crore individuals. The industry is several layers and tranches, because the nature of Urban and Rural real estate is quite different.

Mumbai Property Market in Trouble

But demand is an important ingredient, a variable, such as some others, that is a necessity and is a common denominator, regardless of which part of the industry it is. With more global unrest and greater volatility ahead, courtesy of the unstable equity markets, is the Real Estate market in Mumbai and other metropolitan cities slowing down? Mumbai-based ace realtor Ravi Kewalramani, renowned for unquie style and sharp insight into the realty landscape, opined on the same.

Is the money headed somewhere else?

Indeed, if Kewalramani is to be believed, it may. He asserted thatMutual Fund and SIP adspaidam strong resurgence. They had just about vanished during the last two years. "Is capital being diverted away from real estate and back into the financial markets?", he wondered. Referring to it as another indication of 'cooling momentum', he further stated that Developers are adapting. Projects under construction now have flexible payment schedules. This, in his view, typically occurs when levels of inquiry plateau.

An Imminent Slowdown?

 Another variable that Kewalramani gave some insight into was government spending on infrastructure.He further added that infrastructure is booming. He directed towards large infra projects in Mumbai, ranging from metros, bridges, railways, airports, commercial districts and data centers."Though the market is cooling, city-making is speeding up. Is the spending by the government going up as they are noticing initial signs of cooling in the financial district?", he speculated again.