Indian Real Estate is ready for Positive Changes

The slash down in interest rate and implementation of Real Estate Regulation Bill has proved to be a good omen for Indian real estate market as these factors has brought a turnaround in consumer sentiments. As per the recent reviews on predictions, the property market in India is expected to improve because of the developments taking place in the sector currently. Since the starting of 2015, the economic activities are picking pace and it is expected that GDP growth will reach 6.5 percent year-on-year in the coming financial year. An increase in the number of jobs in the corporate sector is a welcome sign for residential and commercial real estate along with the expectation of hike in demand of commercial and office space with improved business sentiment. 

In residential category of real estate, the developers like Supertech Limited understand the need of right – size and right – price in their offerings. As this segment continues to be much in demand, the residential market supply should witness an increasing number of affordable housing and townships by the end of 2015. The new government’s vision to establish 100 smart cities across the country has emphasized the need to bring relaxations in certain provisions of the Land Acquisition, Rehabilitation and Resettlement Act. 

In the latest developments, the Union Cabinet passed the amendments to the Real Estate Regulatory Bill. It is expected that Bill will bring transparency and accountability in the sector. It proposes measures such as setting up of a state level regulatory authority, registration of projects, etc. with an only aim to safeguard the buyer’s sentiment. 

Supertech Spira, Sector - 94, Noida

The builder’s like Supertech Limited are contributing their best in infrastructural development of society. The builder has blazed the trail of creating out-of-the-box real estate developments which is simply visible in the projects like North Eye – North India’s tallest residential development, Supernova – features 80 storied tower, ORB – circular shaped towers and many more. 

Supertech North Eye, Sector - 74, Noida