If being in the real estate industry was easy, well, and then everyone would be doing it. However, the truth is that no matter how personable you are, no matter how many connections you make, no matter how hard you work, there are certain factors you simply can’t control when it comes to the productivity of the real estate market. In the recent past, real estate has created a skyrocketing demand due to diverse factors such as an increase in purchase power, availability of banking facilities, consumer-friendly financial organizations, better government reforms, and others. As a result, it is expected to double up to $180 billion by 2020, from the recorded $93 billion in 2014. •As much as government reforms impact the chief stakeholders in realty, the ebb and flow of demand-supply also leave footprints on different sub-segments. With GST, while abatement enjoyed under service tax laws will be diminished, there will still be a notable reduction in tax management expenses. The abolishment of VAT, Service Tax, and other indirect taxes is expected to make a value of property cheaper than the past. •Affordable housing is soaring to unprecedented heights in terms of increasing public as well as private investments. Apart from the public policies mentioned earlier, one crore houses in totality are proposed to be built by 2019, aided by cheaper sources of finance including external commercial borrowings (ECBs). •After the Government of India announced 100 per cent foreign direct investment (FDI) in the country, the real estate industry underwent a boom. According to the World Investment Report, released at the United Nations Conference in 2016, India is the fourth Asian country to hold maximum FDIs. While the global capital flow through FDI in 2016 soared to $ 5.7 billion as reported by a leading media publication, the Indian real estate market has been attracting business bees across the globe at a rapid pace. Sanali group is one of the most valuable and trusted real estate development companies. It is a pioneering developer of many high profile projects. The sanali group has achieved proven competencies in property, IT parks, shopping malls and retails and hospitality and leisure. Also, read - Role of real estate sector in Indian economy
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories
All
|