As per the Act, all the projects will now be sold based on carpet area and not the super-built-up area. The former is typically 25-30 per cent less than the latter.
The massive push for improvement in infrastructure including record capital expenditure for roads, railways will indirectly benefit the real estate sector in the long run.
Whether it is about providing effective business solutions or simplifying banking needs, corporate banking in India has emerged as an indispensable part of India's Industrial sector.
With the onset of new legislations like RERA and GST to bring more transparency and ease for buyers, the landscape of architect and designing is also on the verge to be transformed.
With the Union Budget 2017 round the corner, the country's realty biggies shared their expectations with Entrepreneur India from the upcoming FY18 Budget in the 2017-Estate Awards show, organized by Franchise India.
Relaxation in income tax rates, clarity on GST, policy framework to standardize construction materials include some from the long list of requisities the real estate industry wants the Narendra Modi government to work on.
"It was in the destiny that I took up the challenge of building homes and it all started with an assignment to develop a house for a friend of my father"
The importance of architects and designers who can help you understand the abundant information available, and assist you to make informed decisions is unquestionable
Thanks to the protracted slowdown on the property market in most Indian cities, developers across the country have witnessed their inventories piling up.