Categories: Business News

Yearly Round-up & Outlook 2020 for Real Estate – Mr. Khetsi Barot

Director, The Guardians Real Estate Advisory‘’

New Delhi, December 28, 2019: The larger challenge facing the economy today is demand creation. We are observing that the high transaction and borrowing cost for home buyers has continued to pinch the developers in under-construction properties, especially the premium and luxury housing segment. A temporary suspension of GST or introduction of 1% GST for under-construction properties across product classes would help reduce the transaction cost for the home buyers and would boost the much-needed demand in the market. The real estate market of India in 2020, will see a multifold increase in the number of residential projects in the affordable, small & mid-size home segments. These projects will deliver well both in terms of price realisation as well as the sales velocity. The focus for all developers and the community at large needs to be on project completion and timely delivery. It has become imperative for all developers to consolidate their project portfolios before eyeing further expansion.’’

Corporate Comm India(CCI Newswire)

The Property Times News Bureau

Recent Posts

The Rise of Premium Luxury Residences: How NCR is Setting New Standards

New Delhi, November 21, 2024: Over the years, Delhi-NCR has emerged as a hotspot for…

19 hours ago

3A Composites’ Flagship BrandALUCOBOND Launches a Premium Product ‘ALUCODUAL®’

~ The Company strengthens the product portfolio with the launch of innovative & ‘Made in…

19 hours ago

Government Policies and Housing Premiums Under Spotlight in latest Mumbai Realty Report

- NAREDCO Maharashtra and 1 Finance Unveils Comprehensive Study on Mumbai's Real Estate Landscape -…

2 days ago

Onward Workspaces Expands with leasing 18,000 Sq. Ft. Premium Facility at Emaar Capital in Gurgaon, Catering to Global Enterprise

The announcement marks a major step in offering Flexible Grade-A Office Solutions for Modern Businesses…

2 days ago

Studio Apartments: Smart Investment Choice for Buyers

Considered as hot investment opportunity for the real estate enthusiasts, Studio apartments present several advantages…

4 days ago

Rethinking Urban Spaces: The Role of Mixed-Use Developments in City Planning

New Delhi, November 18, 2024: As Indian cities grapple with rapid urbanization, evolving lifestyles, and…

4 days ago