The year 2019 did not see the much needed light in real estate sector. It continued to remain bleak. It continued to struggle with a funding crisis in the midst of issues plaguing the NBFC and banking sector. This situation has been further worsened by the Indian economic slowdown in the July-September quarter of 2019-20. This has resulted in a poor demand of housing sector. However, there has been an increase in demand in the commercial spaces especially the co-working segment that is taking the office space by storm. So far in the Indian real estate sector two major reforms have come into force – the Real Estate Regulatory Authority (RERA) and the Goods and Services Tax (GST). The current real estate situation is such that there is a huge unsold inventory of 4.5 lakh housing units, even while the overall housing requirement in the country remains high. Let’s see what the year 2020 holds for the real estate sector in India. How will the housing segment fare in the upcoming y...
Planning, Designing and Development of Residential Layouts in Andhrapradesh and Telangana states from last 25 years.