New Era for Real Estate started with new year

RERADr. Sanjay Chaturvedi

Accommodation Times News Service

New year has brought new hopes and new trends in Real Estate. Traditional way of working and transaction process have gone. Curb on malpractices by RERA and new RERA Rules has lifted customer’s sentiments and confidence.

Thousands of flat purchaser who are lurching in dark to find way out where builders have delayed projects and sometimes with malafied intentions, defrauded the community of buyers. International property buyer community and investors who are having very high hopes on RERA are now returning back to their favorite investment destination and assets class. Government to regulate the development and transactions in real estate but not price. A new transparent real estate has emerged with great future. Real Estate buying is just not for self occupation but also for investment purposes.

People invest into real estate for regular income from rent and capital appreciation. Some buy for tax planning under Home loan exemptions. There is a huge demand and buyers waiting for correct and transparent environment. People in the country and abroad wants the Sector to deliver its promise, there is no shortage of funds, will and faith in real estate.

From last fifty years, real estate has made many millionaire and empires. People have become rich, living luxurious life. Dealers in real estate are not less than diamond merchants who are adding wealth to the nation and contributing highest in the GDP, employing and consuming products and services from more than 200 industries.

A sunshine industry cannot have any effects when there is a huge demand and loyal, hardworking work force in the industry. Next fifty years, it will be nothing else but real estate which will be sole growth driver for our economy. Good Time ahead. Have meaningful and prosperous new year.


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