Bengaluru 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).
‘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.
The real estate sector is one of the most dynamic and globally recognized sectors today, owing to a number of factors like population spurt and increased purchasing power of consumers. India is one of the biggest real estate market. It comprises of four subsectors namely housing, retail, hospitality and commercial. Growth of these sectors is highly dependent on the growth of the corporate environment and the demand for office space and residential projects (IBEF, 2016).
In the past five years, there has been an undeniable slump in India’s real estate. This was due to reasons such as after-effects of the recession, inflation, inventory pile-up, etc. However the same has not been majorly felt in India’s two metropolitan cities, Mumbai and Pune.
The real estate sector is one of the most recognised sectors of India. It is the second largest employer in the country after agriculture. India’s skylines consists of housing, retail, commercial and hospitality establishments.
According to market experts, the bubble in the real estate sector has burst. The prices of the real estate have decreased rapidly. Similarly, the gap between the supply and demand has increased significantly in recent times (KPMG, 2014).
India’s real estate sector has depicted a remarkable growth trajectory over the past two decades. This is due to the growing demand for housing and increased disposable income. Investment has also grown proportionately during this period from domestic and foreign investors in order to capitalize on this opportunity. Increased investment has led to increased construction […]
For the past few years, there has been an air of pessimism in the market about the real estate sector. There are various reasons which has affected the growth of the sector negatively. The recent announcement of the Real Estate Regulator Bill which was passed by the Indian Parliament in March 2016 has ushered a new era in the Indian property mar