Addition of 200 million sq. ft in 2019 to boost the Realty Market

Keeping in mind the impact of policy reforms like RERA, GST and note ban, the realty market is on a recovery path and the housing sales are anticipated to rise in 2019. Basis a source, a space of 200 million sq. ft will be added in 2019 across all the segments including housing, office, retail and logistics; and at the end of the year, the real estate stock in India will reach 3.7 trillion sq ft.

Technology, demand-supply dynamics, improved ease of doing business rankings will drive India’s real estate market in 2019. The residential market is on the path of recovery and the post impact of the policy reforms of 2017 such as demonetisation, RERA (Real Estate Regulatory Authority) and GST (Goods & Services Tax) have been well absorbed by the sector and is bringing about significant growth in all the segments of the sector.

Mr. Pradeep Aggarwal, Founder and Chairman, Signature Global elaborates, “The Indian Real Estate sector is on a path of recovery post the impact of demonetisation, GST and RERA and now, with the decision of adding 200 million sq. ft across all the segments will encourage the builders for new launches and will thereby boost the  realty market.”

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