Real Estate being one of the thriving sectors in India saw some biggest changes in the year 2016, especially on the policy front. Several steps taken by the government, from the Real Estate, RERA and GST, and demonetisation drive have been towards bringing in transparency in the sector and boosting the confidence of consumers, developers and investors. Positive changes in policy and regulations have given a further boost to this segment. Year 2017 will be an important facilitator in bringing back stability within the real estate sector.
Mr. Pawan Jasuja, Director, Finlace Consulting said that homebuyer’s protests across india, emerged as the biggest shield for them and shattered many big players. “This made entire industry to take immediate action in order to complete projects and resolve consumer’s grievances at the earliest.
Thus, if 2016 was the year of policy changes, 2017 may well be the year of governance in the property sector. This is good news for realty sector which is constantly looking for investors. Thus, 2017 year seems to be a very positive year for the Indian real estate sector with so many initiatives being taken to make the future of real estate investment and Indian economy shine bright.