In an exclusive interaction with Housing News, Sachin Sandhir, global managing director – emerging business of RICS, points out that India considerably lags behind mature real estate markets, such as the US and UK R
At present, India is at sixth position with 5.3 percent share in the global infrastructure market and by 2025 its share will go up to 9.8 percent and it will be at fourth position, the report added.
Economists believe that a status quo on key policy rates will serve as a breather for households and leveraged developers alike.
Withholding tax on ECBs for affordable housing has been reduced from 20% to 5% for 3 years and this move will help ease the liquidity in realty sector.
By Sachin Sandhir, Managing Director, RICS South Asia