Contrary to the general perception that real estate has been going through a bad phase for the past few years, according to Knight Frank Global House Price Index Q2 2017, prices in the residential real estate market in India appreciated 10.5% in 12 months or 70% (absolute) in 5 years ending June 2017.
According to a report by @KarvyWealth report, wealth in the #RealEstate sector is estimated to double to Rs 121 lac crore in the next 5 years, signifying the turnaround post implementation of reforms like #RERA, #Demonetization and #GST. pic.twitter.com/F0YYhAkXQb
— CREDAI National (@CREDAINational) December 14, 2017
Year 2017 indeed was very eventful for the real estate sector. Right from the budget session till the recent announcement of linking Aadhaar with property deals, there has been some of the phenomenal announcements that would have a long-lasting impact on the sector and its working. Do you think, based on this year’s developments, year 2018 will…[Read more]
Wealth in real estate may double to Rs 121 lakh crore in 5 years
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We found the similar analysis in our research as well. But as an end investor, I would suggest the readers to opt for running construction projects with builders who have got the RERA number and has delivered projects in stipulated time. You get the real value of the property when invested for appreciation.
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