Residential realty records $1,075-mn investment

    Residential realty records
    Of the total $1,990 million investments in Indian realty sector in the first-half (H1) of 2017, the residential sector accounted for $1,075 million (54 per cent). While commercial realty saw an inflow of $796 million (40 per cent), retail got $119 million (6 per cent), said Anuj Puri, Chairman, Anarock Property Consultants, said, adding that institutional investors have for long been waiting for greater transparency in the Indian real estate market, which has now arrived with the launch of RERA and GST. In view of this, Real Estate Regulatory Act (RERA) hereon will focus to ensure that only strong, credible developers with transparent business practices and ability to complete projects on time. In the give scenario, the supply pipeline has moderated, partly because non-credible players are forced to withdraw from the market, and also because developers are more cautious with new launches. All indicators point to a decisive return of buyer interest over the next 18-24 months. Institutional investors, which are in it for the long haul, are focused on the positive signals emanating from the residential property market. Market indicators point to increased sales during the coming festival season.
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