Realty sector expects rational policy regime from new Government
The growth of the real estate sector is largely dependent on a rational policy regime; and the projections of a new, stable Government at the Centre is expected to improve the country’s overall realty investment environment as well as realty prices.
With the recent sluggishness of the real estate sector likely to become a thing of the past when the new Government takes over the reins of the country, market watchers and experts opine that buyers – along with end-users and investors – should work out their realty-related plans soon, as prices will apparently hike in the near future.
So far as the developers and builders are concerned, it is being hoped from the new Government that the project-approval process will be speeded up; and the cost of borrowings from banks will be reduced. The realty players also expect the new Government to have streamlined procedures in place for clearances for real estate projects.
Furthermore, realty experts are also hopeful that the new Government will give a booster dose to the sleeping economy, in an attempt to re-kindle it, and will have transparent policy decisions.
Noting that the current situation in the real sector requires a “quick but well-planned push” from the new Government to set things rolling, Credai NCR’s officiating president Rohit Raj Modi – the executive director of Ashiana Homes – said that the formation of the new Government is being eagerly awaited by the realty sector.
Source: The Times of India (Delhi)
Infrastructure, New government, project-approval process, rational policy, rational policy regime, realty investment environment, Realty sector, stable Government
