Turn around- the need of realty says incoming government
Ever since the incoming government last week made a historic win, big bets by the realty companies are already being placed. Across the nation, real estate agents and brokers are looking at Team Modi and his entourage to help revive the industry. They say aspirants should buy homes soon, because the government they feel is stable and that building projects very soon could up the ante on prices, says a source.
In the past, business for the realtors was very thin, and negative to say so. Home sales took a beating and the negative aspects took over the market too. Genuine homebuyers were waiting anxiously for new homes and investors on the other hand wanted to run away. Perking up the market is a must and thus the sentiments are being addressed by the Bharatiya Janata Party, Modi Sarkar.
On the plate would be new industry measures and policies, reforms and laws, which means manna for those who want to buy new homes. Projects are being granted faster approvals and the Real Estate Regulation and Development Bill which is yet to be passed is being looked at as a consoling factor which would bring down woes of the industry, hence U TURN is needed now and soon.
Source: The Economic Times
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