After many years of lull and passive growth the real estate sector in India is all set to take off this year.

Many reasons can be sited for this recovery:

The overall economic scenario brings good tidings for the country. Things have begun to look up and confidence is slowly being restored in the country through the launching of some corrective measures and reform.

The Real Estate Act has also come into being; with this investments from foreign and national sources are set to improve. The Act will ensure and enhance the credibility of both, the consumer as well as the developer, with the compulsory disclosure of projects, transparency in rules, regulations and processes and speediness in land clearances and approvals.

The low inflation rate in the country along with the global impact of other influential factors will add to the surge in the sector.

The supply and demand sides of the markets have received an impetus from the Union Budget this year, it has also increased funding for the industry and many roadblocks too have been cleared on REITs’, leading to a thrust in the real estate sector.

On the whole, there are good times ahead for all stakeholders in the real estate sector – consumers, investors and developers are expected to benefit in the days to come!