Realty Plus - - Contents - sapna sri­vas­tava sapna.sri­vas­[email protected]­change4­me­

w hile, the In­dian real es­tate is slowly march­ing ahead to­wards con­sol­i­da­tion, trans­parency and reg­u­la­tory en­vi­ron­ment, cer­tain ex­ter­nal fac­tors con­tinue to im­pact its quick growth. Fac­tors like re­cent SC ban im­posed on con­struc­tion in some states that was later lifted, In­ter­mit­tent ban and re­vi­sion of rules for sand min­ing or the ‘Dump­ing Ground Judg­ment’ pro­hibit­ing con­struc­tion of new build­ings in Mum­bai later revered by the Supreme Court of In­dia have an ad­verse in­flu­ence on the sec­tor’s re­cov­ery from slow­down. The re­cent NBFC cri­sis too would have some cas­cad­ing im­pact on many sec­tors in­clud­ing real es­tate. How­ever, the good news is that the In­dian con­sumer is now in a more up­beat mood and con­fi­dence pro­vided by RERA has led to more sales in­quiries for de­vel­op­ers even­tu­ally turn­ing into sales this fes­tive sea­son. As our speak­ers rightly men­tioned at the Realty+ Con­clave in New Delhi that now the de­vel­op­ers mar­ket­ing cam­paigns re­volve around project de­liv­ery num­bers rather than num­ber of launches. Tak­ing for­ward this con­ver­sa­tion will be the Realty+ con­clave in the city of Ben­galuru next month. We look for­ward to a pros­per­ous year ahead for the real es­tate con­sumers as well as the busi­nesses. Sa­son’s Greet­ings

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