Quote on Real Estate Industry's Expectations from the New Government by Shrinivas Rao, FRICS, CEO, Vestian
Below the Quote on Real Estate Industry's Expectations from the New Government by Shrinivas Rao, FRICS, CEO, Vestian
“The real estate market sentiments are optimistic as the stock market is moving northward, especially the BSE Realty Index which has crossed 8,400, reaching the highest level since 2008. Furthermore, it has grown by 4-5% in the past five days on the back of positive expectations from the newly elected government.”
Mr. Rao added, “We expect the newly elected government’s uninterrupted focus on infrastructure development and a boost to affordable housing in the coming years. Moreover, the real estate sector should be allocated industry status to ease the availability of funds and increase the participation of foreign investors.”
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