Both the US dollar and Euro hold individual measurable seats in global economy. It’s apparent that with the increasing competition of the developing countries the entire west is rather keen on being de-globalized. Where UK is constantly combating to close off connection between UK territory and European Union, US president Trump is wants to create a wall between America and other immigrants in search of jobs in the country. The products and services which are considered as the base of country’s economy, those are conflicting with the competitive market of Asian production. Thus, this enclosure is merely symbolic.
Developed economies aka established markets are constantly clashing with the post-Global Financial Crisis (GFC). The structural deviation makes this rather tough for them in clutching a dominating position in the world market. Most of the Asian countries including India are booming with slowly but steadily as economic realities and global capital is predisposed towards developing counties and their productivity. Asian countries are attracting visible volume of investment from international investment banks, financial organizations and PE firms. Realizing Indian market’s potential economical growth and transition in political scenario foreign capitals has been facing tough competition in understanding the particular future profit-making investment bracket.
Comparing with the other investment alternatives real estate is the only sector which has less risk involvement than the others. Structural reforms such as introduction of the Goods and Services Tax (GST) (July 1) and the implementation of Real Estate (Regulation and Development) Act, 2016 (RERA) will X-out all ambiguities and malpractices in real estate and the taxpaying sector. GST will replace previous all inconvenient taxes with a single tax. On the other hand RERA will clear up all morasses between the stakeholders and the investors. It will increase transparency in realty trade and commerce. Wheeling RERA realty sector will be free from all compliance complications and will have an effortless and unadulterated steering.
Along with these two major reforms infrastructural development is another chip in the development block. Massive infrastructure projects like Dedicated Freight Corridor (DFC) and the Delhi-Mumbai Industrial Corridor (DMIC) have brought in to connect remote locations of the country to its existing and upcoming manufacturing and distributional hubs. Both of these giant companies have been involved to develop coast-to-coast highways and inter-city railroads. Already, The DFC and DMIC will construct of almost 9,500 km of railroads criss-crossing the length and breadth of the country and the creation which will be connecting eight investment locations seamlessly. This is being considered as one of the largest infrastructural developments in the world till date.
How real estate sector will benefit from this evolution?
All these structural and infrastructural developments will kindle the need of factories, office spaces, retails, residential units, malls and warehouse as more people are likely to find employment in the cities. The working population of the city is going to jump up in coming days. ‘The Make in India’ and ‘The Invest in India’ are two major initiatives of the government for firming up Indian economy on course to develop into a manufacturing powerhouse, which will speed up global investment and boost country’s economy. Not only residential and commercial alternative property requirement will also be more productive in the course of this development process. All these aggressive capital commitments and the propagation of investment structures such as REITs and InvITs will greatly increase the intensity of the market and draw future investments in real estate sector as well as GNP.
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