Indian Real Estate Sector 2018 - New policies for Growth, Development & Transparency
India's Real Estate Sector is seeing a resurrection with the several structural changes initiated by the government in 2017. The Government has put housing on a high growth trajectory by offering tax and fiscal incentives to builders and consumers, and through new consumer-friendly policies.
It is anticipated that institutional financing, higher limit on external commercial borrowings (ECB) will attract more investments in the real estate and infra sector from FDI and FIIs. The Real Estate Investment Trust (REIT) is another instrument that has been welcomed by the industry. Though hiccups remain, and implementation is somewhat tardy, market players are optimistic of a positive outcome in the long-term.
Company heads of Hiranandani Group, Supertech Limited, Transcon Developers, Spenta Corporation, and Aparna Constructions, disclose the impact of the Government policies and regulatory changes on their business, their commitment to comply with the regulatory changes, and their anticipation of a resurgence in residential, real estate, retail, logistics and warehousing retail sectors, all of which bodes well for the Construction Equipment industry.
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NBM&CW August 2018
