Recent Trends to Reshape India’s Real Estate Market

1. PropertySimplified Home AboutUs OurTeam pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI

2. RecentTrendstoReshapeIndia’sReal EstateMarket September21,2017Real Estate,Reshape India’s RealEstateMarket Recent Trends to Reshape India’s RealEstateMarket SrishtiChandola  At times, more laws lead to the greater red tape and their improper implementation defeats the very purpose. In recent years, the government has unveiled various new regulations that affect real estate market. For instance, Real Estate (Regulation and Development) Act (RERA) is the biggest law that the real estate sector is trying to come upwith. As per the experts, the real estate players have been affected by the new rules. The new regulations also have fears of cost escalations, as the clearances would take more time than the usual. It will be pretty difficult to expect all the developers, buyers and brokers to adapt. Also, operating on various projects could become pretty challenging as the regulator would certainly seek details of previous projects before sanctioning any new project. With a huge number of non-delivered homes in the market, the organizations would certainly need to clear the backlog before bringing any new project in themarket. New laws that will profound impact of real estate market RERA pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI

3. RERA, which came into force pretty recently, has laid down a stiff framework that will change the way the real estate sector will operate in India. it certainly aims at enhancing transparency, set in norms that would protect the interests of stakeholders and bring greater responsibility and concern in the real estatesector. GST Goods and Services Tax (GST) will decrease the cascading effect of the multiple taxes on end- users and bring in clarity especially in terms of the goods and services that one has to pay and how much they need to pay. Yet, it is likely to take approximately 6-8 months for the businesses to adapt to this newrule. InsolvencyAct Insolvency and Bankruptcy Code is expected to promote better management of the companies in India. There will be better fiscal regulation among the companies which make sure that all creditors are paid on time. The policy confers considerable power on the legal system, to deal pretty nicely with the stressedorganizations. BenamiAct The Benami Transactions (Prohibition) Amendment Act, 2016 lays down strict rules and set up the regulatory system that deals with the disagreements coming from these deals and charges huge penalties on the offenders. This is expected to make India an attractive investment hub. pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI

4. Will new laws make real estate market difficult or easy for thedevelopers? With RERA in place, the developers are witnessing huge transition. Genuine and authentic players will be pretty happy with the new regulation and will survive whereas the small developers or players will certainly face difficulty especially in terms of escrow, separate accounts, andfinances. The experts add that the buyers in the property market in India have always been an apprehensive lot, due to the dishonest developers as well as weak policies. The new laws are however raising the hopes again. The keenness is that RERA will rid the system of numerous unreliable developers and provide assurance to the home buyers and investors as well as help them revitalize property sales. Also, they point out that the realty authority, for instance, continues to remain in hands of same people, i.e., retired officers who were earlier a part of the system that was certainly slowing down the process of work. Thus, in spite of various new regulations, some of the old maycontinue. ← Ideas for Feng Shui North-facing FrontDoor Leave aReply pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI

5. Your email address will not be published. Required fields are marked* Comment Name* Email * Website PostComment Subscribe to ournewsletter pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI

6. Want to be notified when our article is published? Enter your email address and name below to be the first toknow. Send Name Email Facebook Favista RealEsta… LikePage pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI

7. TwitterTimeline Tweets by@FavistaRealty RecentBlogs Recent Trends to Reshape India’s Real Estate MarketSeptember 21, 2017 Ideas for Feng Shui North-facing Front DoorSeptember 20,2017  Challenges Faced by First-time Home BuyersSeptember 19,2017 pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI

8. Glam up Passage at HomeSeptember 18,2017 Things Every Home Buyer NeedstoKnowSeptember 16,2017 Favista is a Real Estate Advisory Firm based in Gurgaon, India. Favista believes in making every property transaction experience simple and successful. The aim is to bring transparency, professionalism and simplicity to the complex world of real estate. Favista takes pride in keeping the needs and concerns of the customers in highest regards. Favista Real Estate has been founded by IIT + IIM/INSEADalumni withexperienceinstrategyconsulting,internetmarketing,venturecapitalhaving beenpartofcompaniessuchas McKinsey, Capital One, PartyGaming and SSGCapital. Favista is a full service brokerage helping buyers/investors buy, sell, rent or lease property in India. Favista offers best realty advice for Apartments and Flats for sale in India, land/plots for sale, New Residential & Commercial Projects in India and also assists selling properties at best rates. Favista.com is the only Property Site in India that lists 100% verified properties. Favista currently operates in Gurgaon, Delhi-NCR, Noida, Mumbai and Bangalore.Those intending to sell property in India will also find this website very useful owing to the extensive reach, high brand recall and trustworthiness in the real estatespace. In order to make our customers happy and for us to reach our goals, we follow the key tenets of transparency and consistently maintain integrity in everything that we do. With this professional attitude, we are set to become your preferred choice for all real estate services inIndia. ABOUT About Us Our Team Career ContactUs QUICKL INKS PostPropertyFREE EMI Calculator Blogs pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI

9. Terms PrivacyPolicy Disclaimer SiteMap Compare Projects Download MobileAPP SaleProperty RentProperty CONTACTFAVISTA Toll Free - 1800 2121 000 (ALLINDIA) Gurgaon -+91-124-3378700 Noida -+91-120-4117463 Unit 235 to 240 2nd Floor, Vipul Trade Center,SohnaRoad Sector 48, Gurgaon,Haryana 122002. Mumbai -+91-22-40142051 Email Sales -sales@favista.com Email Enquiry- info@favista.com 1 Square meter = 10.764 Squarefeet HaveMoreQuestions? Donothesitatetocontactus! ReadourFAQ'sorLeaveafeedbackforustocontactyoushortly. © 2015 Favista Real Estate Pvt. Ltd., All RightsReserved. pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI