An Indian real estate expert analyses property trends following the implementation of Real Estate Regulatory Agency (RERA) and Goods and Services Tax (GST) in the country. As the half-year mark approaches the real estate sector, there is a mixed feeling in the developer community. The larger firms have restarted launching new projects – which had taken quite a back seat, with the least number of new project launches in 2017 due to the implementation of RERA and GST. The mid-sized [...]
A favourable regulatory environment and attractive asset valuations are enhancing investor confidence by changing the perception of Indian realty in the global arena, a new official report reveals.
The Confederation of Real Estate Developers’ Association of India (CREDAI), the apex body for private real estate developers in India representing 11,940 developers across 23 states and 171 city chapters across the country, held its annual national convention (NATCON) in London recently to project the sector’s increasingly investor-friendly image.
India Inc. property expert analyses the post-implementation impact of the Real Estate Regulation Act (RERA) and Goods & Services Tax (GST) in India.
If there was one common concern that all developers, especially the ones in residential developments, had in India in the month of June and July, it was the implementation of Real Estate Regulation Act (RERA) and Goods & Services Tax (GST). Larger firms had dedicated internal teams while smaller firms had a battery of consultants and temporary staff assisting in this implementation. The management was fully focussed on getting these two tasks done with sales and construction trailing behind as non-implementation would mean stoppage of business.