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Additionally, the developers added concessions to the government steps that amounted to a greater reduction in the effective prices of homes, said the report. These steps kept prices at bay and stimulated demand in the latter part of the year in the country.
In Mumbai, the appetite for real estate is almost unquenchable. The city’s real estate market has bounced back from the brief slump with a roar owing to sharp sales jumps and affordability showing an improvement by 32% since 2010.
Especially with regard to RERA registration, please note that a builder/project will take 1 to 3 months to get a RERA registration provided that all NOC’s as mentioned above has been submitted and cleared.
A recent trend in the commercial real estate sector has been the acquisition of fund and asset management platforms by investors. Whilst not a new concept, traditionally real estate investors have typically favoured a more classic deal structure by which they acquire a portfolio outright (either alone or via a joint venture or consortium), or alternatively by investing into a fund as one of several passive limited partner investors.