The year 2018 has been a resuscitating year for real estate in our country. Housing sales have shown an emergence in its sales with the preoccupation of the real estate players on the completion of projects. The implementation of the subsidies under Pradhan Mantri Awas Yojana (PMAY) this has also brought about some trends the market including Affordable Housing, Coworking, etc. This helped in the improvement of transparency and accountability in the sector by restoring faith in the market.
Although there is a delay in according an ‘industry status’ to the real estate sector, but anticipations are high from 2019. Backed by positive economic fundamentals, healthy demand and quality supply infusion across sectors, India’s real estate sector is poised for strong growth.
This story is from the October 2019 edition of Corporate Tycoons.
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This story is from the October 2019 edition of Corporate Tycoons.
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