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Real Estate Market Current Trends In Pune

The Real Estate market deals with buying and selling of real estate. These may be residential or business premises. The investors in the market would be the ones building and selling or simply buying or selling the houses. The look at India’s real estate market is quite encouraging. To be noted is that, India’s economy is on the rise, much faster than most states. This has been indicated by the rise in the Gross domestic product to 63 percent in calendar Q3 2017 from 5.7 percent in calendar Q2. This shows a much faster growing economy because of the high rising state. The Indian government has recently introduced reforms related to the real estate. Such reforms are; The implementation of the Goods and Services Tax (GST) and the Real Estate Regulation and Development Act (RERA), these reforms have resulted in a small decline in the current market but the future for the economy, that is, in the long run, is beneficial.

The real estate market is surely growing and looks promising to the future. People should look to investing in the real estate. This is because India has marked a jump of 85 percent in real estate investment in the first 9 months of 2017, this is with a comparison to the same period in 2016. This shows that more people are seeing the benefits of the real estate market. Furthermore, ranking in the World Banks Ease of Doing Business’ has jumped to 100 from 130 in 2016. This ranking encourages outside investors, that is, investors from other countries, to do business with India. It is becoming much easier to indulge with India business-wise as the doors are open for investors.

The recent implementation of the Goods and Services Tax ( GST) and the ‘make in India’ is likely to attract a significant investment in the industrial sector. This is because the implementations are likely to grow the real estate market by providing the right regulations and governance to the real estate market. Regulations put in place by the government is the sure sign that the real estate market is on the rise and thus needs to be governed so as to attract more investors interested in the industry. Regulations ensure that law is abided by and closes doors to conmen who might take the opportunity to steal from people through the growing real estate market.

To add on, the government’s agenda of ‘Housing for All by 2022’ and other initiatives by the government is going to boost and elevate the demand for affordable housing in the years to come. This is a solid investment section that will reap huge benefits if taken upon. it is also noted that notwithstanding the economic disruption, the commercial real estate market has remained vigilant and up in 2017 and now 2018. In conclusion, it’s just but right to say that the Real estate market is on the brighter side and is growing quite well.

 

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