Try GOLD - Free
FIVE WAYS TO INVEST IN REALI ESTATE
Fortune India
|January 2025
AFTER YEARS OF SLOWDOWN, INVESTORS ARE BACK WITHABANG. HERE'S A GUIDE ON GAINING FROM THE REAL ESTATE BOOM.

THE REAL ESTATE sector was severely hit by the demonetisation of ₹500 and ₹1,000 bank notes on November 8, 2016. As everyone from developers to buyers was used to cash transactions, at least partially, this reduced the cash in circulation as well as the number of transactions. Developers lost revenue and many projects had to be terminated due to cash crunch.
A couple of months later, another big change came. The Real Estate (Regulation and Development) Act (RERA) in April 2017 made it mandatory for developers to register their projects with the Real Estate Regulatory Authority and get the required approvals before launching projects. Increased compliance costs, penalties and delayed launches compounded the problems of the sector.

This story is from the January 2025 edition of Fortune India.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
Listen
Translate
Change font size