Affordable Housing Leads A Selective Turnaround In Indian Real Estate
The real estate industry has transitioned to a more structured environment with the implementation of the Real Estate Act and Goods and Services Tax but improvement is being seen in select pockets.
Both enquiries and conversion in the real estate sector has risen, Niranjan Hiranandani, co-founder and managing director of the Hiranandani Group and Shobhit Agarwal, managing director-capital markets at consultant JLL India told BloombergQuint in an interview.
However, there is no clear growth trend as only select projects are doing really well. According to Hiranandani, the western region and the southern region are doing better than the peers in the northern region. The affordable segment, however, is seeing a positive response, with more new launches and developers.
Watch the full interview here.