The Real Estate Sector is one of the most globally recognized sectors.In India,real estate is the second largest employer after agriculture .The real estate sector comprises four sub sector -housing ,retail,hospitality and commercial. The growth in this sector is well complemented by the growth of the corporate environment This sector will incur more NRI investment in both short term and long term .
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| Real Estate Trends |
In the year 2017 set a new bench mark for the Indian real estate sector.The implementation of demonetization in NOV 2016 and entire economy reeling until first quarter of 2017.Land sales has no growth due to more involvement of cash transactions.This helps to reduce land prices there by making the end products more affordable to consumers
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| GST on Real Estate |
By April 2017,RERA and GST were announced in succession. RERA and GST have begun to shape up the sector with new standard of delivery ,accountability and transparency.
2018 is expected to be a year of consolidation of product services in the sector .Completion of existing projects will be prioritized over launching new ones,hence 2018 looks promising for a good supply of houses across major Indian market
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