Realty Sector - Expectations for 2017

Mr. Parveen Jain, President NAREDCO & CMD Tulip Infratech

As far as the Realty round for the year 2016 and the expectations for 2017 are concerned, the biggest happening has been in the later part of the year 2016 which is demonetization and which is having tremendous impacts all around. Before demonetization also throughout the year certain important developments have taken place this year like RERA ( Real estate regulatory act) and REITs ( Real estate investment trusts).

Now because of arrival of REITs ( real estate investments trusts) to attract investments and ease of doing business in the real estate market, the demand may grow on the commercial market front. Also India enjoys being the favourite outsourcing destination for global business companies like IT, manufacturing, food & health products, clothes, multifarious goods & products industries which need commercial and office space here and the demand for the same may all the more rise.

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