Economic stability, infrastructure creation fuelling real estate demand: Economic Survey 2024-25
1 month, 3 weeks ago

Economic stability, infrastructure creation fuelling real estate demand: Economic Survey 2024-25

New Indian Express  

NEW DELHI: Indian real estate market has performed well on strong demand from across the country driven by economic stability and creation of physical infrastructure like roads and metro networks, according to the Economic Survey. "India's real estate market witnessed robust performance under office demand as well as residential sales driven by economic stability and positive market sentiment," the Survey said. The Real Estate Act, popularly known as RERA, has brought "numerous improvements in the real estate sector, including protection against fraud, increased transparency, timely project deliveries, and measures to prevent misuse of funds, among other benefits", the Survey said. Giving an update on the RERA implementation, the Survey said that Rules under the Real Estate Act, 2016 have been notified in all States and Union Territories except Nagaland, with various regulatory authorities established.

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