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At a time when country's GDP has touched a nine year low of 4.5 per cent, the realty sector also paints a sorry picture.Unfortunately,the economic slowdown has taken a toll on the property market.

At a time when country's GDP has touched a nine year low of 4.5 per cent, the realty sector also paints a sorry picture.Unfortunately,the economic slowdown has taken a toll on the property market.

A downturn is faced by the real estate markets all over our nation in very recent times. The situation is no less good in Gurgaon, where the properties and real estate markets have witnessed a similar reduction in value.

The inflow of foreign direct investment (FDI) in India decreased to around 2-year low at 1.05 billion US dollar in November 2012 because of uncertainties of the global economies. Back in November 2011, the FDI was worth 2.53 billion US dollar. The Department of Industrial Policy and Promotion (DIPP) announced that from April-November period 2012-13, inflows of FDI decreased by around 31 percent to 15.84 billion US dollar from 22.83 billion US dollar in 2011-12. The reason why inflow of FDI decreased was because of the issues arising in the global economic scenario. Economic slowdown as well as absence of political consensus on FDI-associated issues are the main causes of decline in FDI inflow.

It is a fact that the real estate sector in India has been witnessing a downward trend due to the existing slowdown of the nation's economy. However, the future of the sector seems to be brighter in the days to come. As per data available, there is already around 70 million square feet of office space (Grade A) in the top eight cities, which is likely to provide huge demand for residential real estate.It would also give way to better opportunities in fields like project management, facilities management, etc.

Many mall owners across the country are failing to justify the rents they charge tenants for the mall spaces, due to which, the retailers are closing down their outlets in malls. The retailers are not seeing good sales as buyers are not spending much eagerly like before, due to slowdown and high costs. Actually, the story is the last two decades, shopping malls have been one of the most enticing destinations for shopping and entertainment.

Share How much this slow down will continue A slowdown in the real estate sector is a spell for the opportunists who are prepared. A downturn in the real estate markets are witnessed by all across the country.

A developer of luxury condominiums in one of Mumbai's popular business districts is seeking private equity funds to buy distressed assets from rivals reeling under record debt. Sunteck is among those real estate companies that emerged relatively unscathed from the global meltdown and also from a domestic slowdown, even as bigger rivals found themselves holding excess inventory amid dwindling sales and were unable to shift their properties when they needed to do it quickly.

Sunteck, whose clients include Bollywood celebrities, is seeking private equity funds to buy distressed assets from rivals reeling under debt. Sunteck is among those companies that emerged relatively unscathed from the global meltdown and a domestic slowdown, even as bigger rivals found themselves holding excess inventory amid dwindling sales.

Homebuilders and home brokers maintain their negative outlook for the housing market in New Jersey and the whole U.S. Builders are reportedly expecting a further slowdown during the holiday season.

The huge number of foreclosed and bankruptcy homes contributed to the slowdown in housing construction in North Texas in the fourth quarter. According to analysts, sales also declined in the quarter.

Bank owned rental properties and foreclosures caused home building to slowdown in Omaha. However, builders stated that there is a positive side to all of this.

The year 2013 saw Dubai defying the global slowdown in the luxury property market by posting a 5.4 percent rise in prices in the first quarter of 2013. This has been stated by Knight Frank, which is an international Consultancy on global real estate .