Although there was no monumental change in terms of buyer’s sentiments in 2016, notable improvements were observed in numerous areas such as rising influence of NRI investors in Indian real estate, surge in demand for international properties & uptick in institutional investment. Changing lifestyle & expansion in young buyer base is making smaller units, one of the most sought after asset class.
2016 also saw some major tectonic policy level shift in the real estate industry with a host of initiatives such as RERA, Benami Transaction Act & demonetization of higher currency denomination; ushering the industry towards an era of unprecedented transparency & customer convenience.
Full story here-http://realty.economictimes.indiatimes.com/news/industry/nris-will-continue-to-be-a-vocal-force-in-2017-kanika-shori-square-yards/56218102
