Liberalisation 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).
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 […]