The Indian real estate market to touch $180 billion by 2020.
Rakesh Reddy, for Accommodation Times magazine,
A lot of policy interventions and reforms have successfully revived consumer faith in the real estate market. With these reforms, there is a sense of accountability and transparency that has helped the market earn back the confidence of the common man and contributed to laying the foundation of a massive growth in sales.
According to an independent research report the country’s real estate market is expected to touch $180 billion by 2020, contributing to the GDP by 11%.
The most impactful contributing factors towards this objective goal is the implementation of regulatory reforms like the RERA, GST and FDI relaxation, that has imbibed trust in the consumer and encouraged more investment. The other factors are urbanization and affordable housing segment introduced by the government.
To read our Director’s take on this matter, have a look at the article from the Accommodation Times Magazine
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