The Real Estate Regulation and Development Act (RERA) 2016 is a revolutionary Act in the history of the Indian real estate sector. It was introduced first in the year 2013, but due to objections raised in the parliament, it came into effect only in May 2016.
market dynamics, policies to revive real estate, Real estate banking and government initiatives to protect investments, real-estate industryIn India, the construction business in the real estate sector is the second largest in terms of employment generation. It is next only to the agriculture sector. As an economic activity construction provides employment to approximately 33 million people in India (Nithyamanohari & Ambika, 2014).
industry analysis, Real estate banking and government initiatives to protect investments, real estate industry dynamics, real-estate industryLiberalisation can be defined as the reduction of legal restriction and economic liberalisation can be defined as privatisation. It is associated with transferring the ownership from public sector to private sector (Sally, 2007).
industry analysis, Real estate banking and government initiatives to protect investments, real estate page intro, real-estate industryThe real estate demand in India was subjected to fluctuations since 1991, when economic liberalization took place. The period between 2001 and 2008 saw high growth in the real estate sector while it experience drastic slowdown from 2008 to 2014. At present, this sector is again witnessing decent growth in some parts of the country even after demonetisation.
Investment in real estate sector, real estate industry dynamics, real-estate industryReal estate supply refers to a schedule that describes the quantity of commercial space or number of housing units supplied at varying prices. The rising economic performance in India has increased affordability and living standards in the country, particularly the upper and middle class.
Real estate banking and government initiatives to protect investments, real estate industry dynamics, real-estate industryBengaluru is known as the “Silicon Valley” of India because 40% of all companies are in the service sector and is a hub for Information Technology (IT). The city has consistently ranked among the top 20 destinations for investment in South Asia Pacific (SilliconIndia 2015).
Investment in real estate sector, real estate industry dynamics, real-estate industry‘Goods and Services Tax’ (GST) is a unified indirect tax which replacing all the other indirect taxes present in India such as sales tax, Value Added Tax (VAT), entertainment tax and service tax.
Investment in real estate sector, policies to revive real estate, real-estate industrySupply of formal affordable housing has continually lingered behind household projections. Furthermore, the Technical Group on Urban Housing Shortage (2012-17) has pegged the aggregate housing shortage at 18.78 million staying units.
Investment in real estate sector