New Delhi, January 10, 2020: The real estate sector, which is one of the major contributors to India’s GDP, has undergone some significant changes over the last few years. A series of key decisions were taken by the government to revive the realty sector and the impetus given to the residential sector is expected to yield positive results. These reforms will also be instrumental in attracting investors, institutions and private capital players into India real-estate market. Reputed developers with good track records continue to perform. Affordable housing is still the favourite of masses and the demand is high for this segment. As a result, the segment has been moving at a steady pace. We expect this year to reap the benefits of initiatives taken by the government that would lead to a revival in the sector and the year 2020 is definitely expected to infuse growth in the sector. More private investments will come in and consolidation, mergers within the space are likely to continue. An alternative investment fund worth Rs 25,000 crore created for last-mile funding of stalled housing projects would definitely help lot of projects completion this year. The year 2020 will see the industry grow in terms of newer policies aimed at improving buyer sentiments. Some of the aspects that the government needs to take into consideration are granting of infrastructure status to the overall real estate sector, implementation of single window clearance and revision of the income tax slab to boost demand.
Lindsay Bernard Rodrigues, Director, Bennet & Bernard Group.
Corporate Comm India(CCI Newswire)
