The real estate sector has embarked upon a journey to transform the landscape of the sector, bring back the customer confidence and create a solid platform for its role in building the nation.
May 2018 marked one year of RERA implementation, and we are already seeing signs of regulators setting the tone in their states, by facilitating matters to their conclusion.
On the offices front, there have been some large transactions, with leading developers joining hands with global majors in both NCR and MMR regions.
Another interesting trend is large corporates, otherwise successful in their journeys and with large land parcels, exploring the real estate sector for a potential diversification. This further supplements the potential the sector holds in the times to come.
Key takeaways from this report are:
- News update for the period
- Regulatory updates like the introduction, benefits and challenges under GST
- RERA headway
- Significant deals and exits in the sector
Market speak – In this section Mr. Sudhir Goenka, Chief Finance Officer - Hero Realty (P) Ltd, shares his views on significant recent regulations in real estate, government policies towards the affordable housing and secondary housing space.
We hope you will find this report informative. Please do share your valuable feedback.