New Delhi, January 20, 2020: The real estate sector, which is one of the major contributors to India’s GDP, has undergone significant changes in the last few years making it more transparent and credible. A series of key decisions taken by the government to revive the realty sector has improved consumer confidence and the impetus given to the residential sector is expected to yield positive results in the near future. These reforms will also be instrumental in attracting investors, institutions and private capital players into India real-estate market.
In 2020, we expect to reap the benefits of initiatives taken by the government that would lead to a revival and growth in the sector. More private investments will come in, and consolidation, mergers within the space are likely to continue. The year 2020 will see the industry grow in terms of newer policies aimed at improving buyer sentiments.
In conclusion, we hope the government takes more developer and investor-friendly initiatives for the betterment of the real estate market. Additionally, a seamless approval process is essential as it could help in faster execution of infrastructure and real estate projects. Overall, the Budget, through its policies, should aim at creating a positive environment in the real estate sector for both the homebuyers and the developers.
Corporate Comm India (CCI Newswire)
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