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Real Estate Changing Policy

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Changing trends in real estate post policy reforms The real estate sector has become more structured and accountable, post the implementation of various policy reforms, like RERA and GST. real estate, real estate in india, real estate investment, policy reforms, rera, gst, affordable housing. Regulatory reforms have also led to changes in developer strategies and customer buying patterns. The real estate sector has become more structured and accountable, post the implementation of various policy reforms, like RERA and GST, by the Modi government. Now developers just can’t keep doing whatever they want. Instead, in this new regime, they need to streamline systems, processes and practices to make the whole process transparent to the end customer. The government’s focus on affordable housing has also given a boost to the realty sector as this segment has become the fastest-growing segment in the realty market. Regulatory reforms have also led to changes in developer ...
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Affordable Housing in Gurgaon

Premium and luxury segments in India have witnessed an unprecedented rise in both size and significance in recent years. Developers are increasingly launching and developing villas and luxury houses owing to higher demand. Evolving lifestyle and increased aspirations are the major factors leading to the redefining of the Villa Living segment in India. With the increase in dispensable income and affluent lifestyle desired by young professionals, there has been a 50 per cent growth in demand for villa living in some parts of the country in the current year as compared to the previous year, as per industry estimates. Even when the overall industry faced a downturn in the recent past, the luxury segment continued to record good sales. Developers of luxury projects were undeterred and they continued to launch new projects. A recent report pegs the share of luxury housing segment at 4-5 per cent of the overall housing market. This figure is set to rise as the number of affluent people ...
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Affordable Homes on Sohna Road Gurgaon

Despite the rising construction costs, the overall stock of developed real estate in India’s urban centres will touch 8.2 billion sq ft by 2025 and the contribution of real estate sector to India’s GDP will be around 13 percent, a report has said. The report also notes that the implementation of the GST has stabilised the cost of raw materials and streamlined inter-state and import tax, giving the industry a major boost. According to the report titled India Real Estate - Variance in Construction Costs, among Chennai, Bengaluru, Hyderabad, Pune, Mumbai and Delhi, Mumbai remains the most expensive.While the average cost of construction for a residential apartment in a mid-rise building was pegged at Rs 3,125 per sq ft in Mumbai, the price was found to be Rs 2,750 per sq ft in Delhi and Pune. In Chennai and Bengaluru, the cost was Rs 2,500 per sq ft, while in Hyderabad such an apartment would cost Rs 2,375 per sq ft, the report says. Prices of cement have nearly tripled in the...
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