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Seventy years of independence, real estate industry is witnessing some major changes. It is much organised, more developed and user-friendly. Recent amendments made to real estate acts like RERA Act 2016 and new policies of the government are ushering some landmark changes. Impacts of these modifications have been discussed in the slides.For free consultation regarding the purchase of real estate properties, please contact : Address: T68, Teghoria Main Road. Near Loknath Mandir, Kolkata-700157Phone No : 91 9874759944, 91 9674779999, 91 9830779999 , Website : http://www.realtechnirman.com/
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Current Salient Features of Indian Real Estate • More developed • Much organised • Consumer-friendly
The Change Bringing Factors • RERA Act 2016 • ‘Housing For All by 2022’ Scheme • Lower rate of housing loan interest
RERA Act 2016 Salient Features: • Empowerment of buyers • Freedom of choice to buyers • Better Transparency
‘Housing For All by 2022’ Scheme ‘Housing For All by 2022’ Scheme Salient Features: • Homes for 75 million homeless people • Affordable housing policy • Rebate in home loan interest rate
Lower Rate of Housing Loan Interest Salient Features: • Reduced repo rate by RBI • Further home loan rate cuts by RBI • Home loan rate cuts by other banks
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