The real
estate sector plays a vital role in country’s economic development and reforms
being used to develop it. The sector being one of the key drivers to the
economic growth has garnered much attention since the year 2009. The sector not
only generates high level of incomes but also helps people to store their money
in the form of in investment. The industry has surely been on a roller coaster
since the year 2005. Not only this, the sector witnessed the arrival of several
major industry players from all around the world.
The FDI
reforms announced by the government have pawed way for much needed regulations
to control forgery and mishandling of properties and their prices. In the year
2015, various new laws were also introduced to attract more foreign capital
into the realestate sector. By
providing a new direction to this sector, new reforms are going to curb down
financial crisis on the country.
Through
evolving global scenario and Indian policy regimes, one can hope that the real
estate gurus are certainly going to re-think and re-implement their strategies.
Besides that, a more transparent platform is required in order to make the real
estate sector of India far more competitive than what it is now. The year that
has gone by has definitely witnessed increased investment activity and
increased consumption. This has eventually helped India bounce back in the
realty sector with healthy growth rate.
The only
hurdle that has been surfacing in the journey of real estate property is untimely
inflation. It has always been a major cause of concern for the Indian economy
having adverse effects on future investments. It would not be wrong to say that
due to rapid pace of urbanization, there is a growth in stability also. India
being one of the ripe markets in real estate sector attracts a huge number of
investors and developers to make best use of their money.
While risky
at one point, realty sector never fails to attract global investors in the
Indian market. Major metro cities such as Delhi, Mumbai, Pune and Bangalore are
the ones that have uncountable options for buyers. Being an unpredictable
market, real estate has now become more reliable with the passage of time and
never fails to surprise us.
The
government of India introduced the first Real
Estate Regulation and Development Bill
in 2013. This has helped to improve transparency and increased efficiency
in the usually disorganized realty sector. Soon after the government cleared
these drafts, real estate turned to the additional source of funding through
Private Equity Funds and foreign developers.
To provide a
significant growth in the industry, policy re-evaluation and affordable housing
has become a vital part. Among many other issues surfacing in the country, the
real estate agenda has always been a priority for regulatory bodies. The way
things are surfacing in the real estate sector, it is expected that most of the
major developers are going to form joint ventures with other local builders.
With these inventions, it is rather easy to determine the nature of realestate in India.
No comments:
Post a Comment