Landmark Achievement By The New Startup


PUNE: The long-term growth story of Indian real estate industry remains intact despite the recent downturn which is already over the trough according to most market analysts. Besides the renewed impetus of the government to galvanize the sector in order to provide affordable housing to its citizens, the idea of smart cities and urban development programs are rendering positive outlook to this sector.

In a country with population of 1.25 billion people and economy growing at around 7 percent, the fundamentals for sturdy momentum of real estate business are indisputable. The focus of the government on this important sector was obvious when it decided to introduce legislations to correct certain inherent anomalies which will also help to regulate the sector better, make it transparent and provide the desired framework for its healthy growth.

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Source: PTI