L&T Mulund- How important would be REIT in changing the face of property investments?
L&T Mulund by L&T properties is one such project that is strategically located to precision at Mulund West in Mumbai. The city has provided attractive job opportunities in the IT sector and has enjoyed beautiful weather throughout the year which are favorable conditions for prolonged returns on investment. Realtors are left with a lot of units and apartments unsold because of the change in the customer perspective. With the introduction of regulatory bodies like RERA and tax reforms like GST, the demand for affordable housing structures has increased significantly. Property developers are planning on devising strategies to sell their excess inventory to avoid piling up on their assets. With strict RERA approved time deadlines, it is important the realtors deliver product and service offering on time in order to avoid rigorous penalty structures.
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