Regulatory decisions that changed real estate landscape in 2020 and what needs to be done in 2021
Here's a look at some key regulatory interventions in 2020 and what remains to be done to boost the real estate sector.
The year 2019 witnessed the launch of the country’s first REIT, opening up new avenues for investing in A-Grade commercial office spaces. The maximum pain was experienced by the residential real estate sector largely due to the NBFC debacle and the resultant liquidity squeeze, and the slow pace of recovery in sales affected by overall economic scenario. The government did come to the sector’s rescue to create an alternative investment fund worth Rs 25,000 crore for last-mile funding of stalled housing projects.