2018 년, 부동산 부문 불안정한 감 있어.. Real estate sector has a choppy ride in 2018
[INDIAN REAL ESTATE NEWS] Good morning, everyone. I’m Kim suhyeon staff of Kamagroup Pvt. Ltd. Here I have an important Indian real estate news to share with you which is as undermentioned.
MUMBAI | BENGALURU: Residential real estate has gone through a choppy ride this year, initially hinting at a recovery only to be sucked into a liquidity crisis later. The year also marked a significant rise in consolidation across geographies and demand for affordable housing that saved the day for realty developers.
Armed with the Insolvency & Bankruptcy Code, homebuyers get the same treatment as financial institutions when it comes to recovering dues from real estate firms that go bankrupt. The disruption caused by the implementation of Real Estate (Regulation & Development) Act, 2016, and the GST was quite evident on the sector.
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