In bringing some landmark steps to vitalise and boom the Indian Real Estate sector like RERA (Real Estate Regulatory Authority) Act, demonetisation, REIT (Real Estate Investment Trust) and GST (Goods and Services Tax), the Modi government have been instrumental in bringing the sector towards more organisation, transparency and structure and has also have taken shrewd steps to boost the infrastructure in the form of affordable housing, new industrial corridor, smart city plan and much more where the second instalment of the stable Modi government is anticipated to continue strengthening its initiatives along with undertaking broader reforms for the realty sector.

A boost to the economy and facilitating more foreign funds inflows in the country has always been expected from the stable government and is awaited to take stronger measures to reform the economy and aid growth. It will further instil confidence amongst the international and domestic investors. During the Modi government, the Indian Housing industry has witnessed an inflow of the NRI Investors thereby stemming more confidence for the realty market.

Mr. Pradeep Aggarwal, Chairman – ASSOCHAM National Council on Real Estate, Housing and Urban Development, Founder & Chairman – Signature Global India pvt ltd elaborates, “With the re-election of the government, the real estate sector is hoping for making more progress and the PM Modi’s vision of ‘Housing for All by 2022’ will now gain a balanced momentum and the realty sector is conjecturing continued efforts form the government to reach its goal.”