What's In Store for Indian Real Estate in 2013?
Bangalore: In 2012, the market has brought discouragement for the developers in real estate which is why it is now a big question on how the market performance would be in 2013. This article speaks about the insights of India’s real estate market in 2013 from real estate expert, Ashutosh Limaye, Head- Research & Real Estate Intelligence Service, Jones Lang LaSalle India. Some of the points covered in this article are listed below, reports Moneycontrol.com.
This New Year, developers are hoping for an optimistic future for real estate segment with the government’s plan to give realty sector an industry status and favourable policies, after a long wait. The government had instigated certain policies in favour of real estate industry at the end of 2012, and this current year will witness many of such favourable government policies being implemented. Few of these policies are the most awaited real estate regulatory bill, the real estate investment trusts (REITs), the real estate mutual funds (REMFs), likely to get introduced this year; and the Land Acquisition and Rehabilitation and Resettlement Bill.