With determined and highly focused political will, India’s real estate revival could happen in 2020, or the next 18 months.
Author: Anuj Puri
Anuj Puri is Chairman, ANAROCK Property Consultants. He has over 30 years of experience in multi-disciplinary advisory and transactions ranging from real estate to social development projects. Expertise in planning, undertaking demand assessment studies and transaction services including marketing strategies based on technical real estate market analysis, feasibility studies, program requirement derivation and fund and investor sourcing.
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Even 3 years after DeMo up to 30% of the total transaction value on the secondary (resale) residential market across India can still be paid in cash.
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The enactment of the Insolvency and Bankruptcy Code, along with RERA, has ushered in a new era of tighter regulation for the Indian real estate sector.