The Indian parliamentary elections, commonly called Lok Sabha elections, do not overlap only with politics. The elections for the House of Representatives in India have some impact on many entities, such as real estate. The election outcome impacts policies, investor sentiments, and overall market stability, which help determine the state of the real estate market.

As Harish Fabiani, the Chairman of IndiaLand Group, mentioned, stable governments and favorable economies help investors trust; therefore, there is an increase in the number of apartments for rent. Among his observations, the 2014 and 2019 elections were the times when short-term commercial sales jumped up and new projects opened. For example, Mumbai and Bangalore, the two major cities of the country, reported a substantial rise in real estate prices in the 2014 election year.

She focused on Maharashtra's position in the residential property boom, which is strongly tied to the election process, as per recent industrial studies. She added that the fluctuations were mostly related to the election results as new schemes and clearance came into action during this period. In fact, in 2014, elections caused buyers to rush to purchase condominiums or single-family homes in major cities.

Changes in Policy:

Driven by the recent political changes, the long snapping process maintains market interest, with the investor's demand being higher in a number of areas.” From the subtler form of confirmation that inspires the optimism of the market, the parties responsible for housing construction are ready to embark on a new home launching and sales cycle. Reciprocal wise government decisions, a high level of confidence in economic conditions, and an excellent political horizon boost the confidence of the residential real estate industry. Government actions are the main reasons behind the improvement in market momentum, such as marketing homes to home buyers and increasing house demand.

The residential real estate market will see plenty of upside with the year progressing; everything, from the industry to the surrounding market, looks like a rising tide at this point. It is impossible to accurately predict the fate of the real estate industry in the coming months, given its dynamic socio-political factor interaction with the economic variables and the fact that the past trends of the industry might be of help. Nevertheless, past events and general optimism present the attitude that it is a growth year for the home market,” announced Manju Yagnik.

Decision makers, including Harish Fabiani, said that predictable election outcomes generally fuel purchase attitude, which in turn tends to spur more excellent activities in the market. "In fact, commercial and residential property buyers are negatively associated with these reforms because they may choose to wait, hoping to avoid the effects of policies during the transition period such as GST, demonetization or any alterations made to GST rates or norms.

How will these affect Investments:

The lack of certainty around elections can prevent people from freezing in timely decision-making, such as investments and purchase decisions. Sridhar Samudrala, CEO of Hecta, noted that the stakeholders generally have a "wait and see" attitude, which is usually taken up for the election approach. Despite that, at the end of elections, premiers are usually elected who have reasonable confidence and support from investors.

The Stability of Economy:

The fundamental thing is to have a government that delivers stability so that investment and economic growth can then be reliable. Every through Aashar Group, company director Seema Jobanputra has noted that presenting good elections can increase consumer confidence, and a subsequent economic policy that will benefit the real estate sector is likely.

Infrastructure Development Promises:

Political races, in turn, often enunciate here-and-now infrastructural development promises, such as roads or railways. Such projects not only boost the visual appeal of particular locations but also increase the opportunity for real estate investment in those areas.

Regional Variations:

The real estate market can be affected by elections based on the area. Political procedure rounds of cities and states vary, which ultimately results in different interest levels of builders for their buildings.


In conclusion, Lok Sabha elections play a pivotal role in the Indian real estate market because of policy changes, investor psychology, macroeconomic sustainability, and infrastructure. Political candidates and their parties' impact on real estate is observed by professionals and investors, who, in turn, adjust their strategies as market conditions become unpredictable.