Sachin Bhandari, CEO, VTP Realty:
“2017 has been a significant year for the Indian real estate industry, with the residential segment observing purposeful events by the Government to bring in transparency and boost consumer confidence. This year with the implementation of regulatory policies like RERA and GST to give a uniform and straightforward tax assessment, the Real Estate industry looks more transparent, credible and attractive. With home ownership always being a priority ambition and investment objective for most Indians, these changes have been exceptionally positive for the homebuyers as well as the real estate sector.”
“Pune’s market has been performing much better than all the other major cities like Mumbai, Bangalore, Delhi & Calcutta in terms of real estate, due to its rapidly developing IT & Manufacturing sector. The city’s consideration in the ‘100 Smart Cities’ has now led to Pune gaining increased importance in the infrastructure developments that this major Government program demands. The most noteworthy offerings in Pune as of now are mid-income housing and affordable housing. Pune’s increasing IT & Automobile sector is becoming the biggest sponsor for residential and commercial real estate in the city. In 2018, Pune’s residential property market will remain positive, and those areas that offer better affordability and returns on investment will pick up.”
“As commercial real estate year 2018 holds a bright future. Going by the present trend, great connectivity, existing physical and social foundation in the area etc. are determining the demand, rents and capital values. Co-working spaces are gaining more popularity. Overall, accelerated by the present measures by the Government, Indian Real estate sector will surely witness a healthy development with growing demand in the year 2018 with organized, reputed, credible players on the ground.”
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