Residential Sales Shifting towards End Users
Regulatory changes like RERA and GST are bringing transparency to the realty sector
First-time home buyers coming back to residential markets
Enthused by the transparency bought in by regulatory changes like RERA and GST, first-time buyers and end users are coming back to residential markets. According to news reports, even where markets were predominantly led by investors, residential sales has shifted towards first-time buyers or end users looking to upgrade.
An increasing share of affordable projects has also contributed to increased retail buyer participation, pushing out investors. Experts are of the opinion that demonetisation, GST and RERA will have long-term implications on the sector. Massive consolidation is expected as small players and fly-by-night operators will find it difficult to survive amid the strict compliance regime.
Read more about what real estate firm CBRE has to say about the sector.
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National Logistics Policy to be placed for approval
Aimed at promoting seamless movement of goods across the country and reducing high transaction cost of traders, the National Logistics Policy will soon be placed before the Union Cabinet for approval. The proposed policy will focus on increasing warehousing capacity and identifying gaps that could be bridged to bring down the cost of logistics for traders. The main departments involved in the process include Railways, Shipping, Road Transport, Civil Aviation and Customs.
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