The Indian real estate sector has witnessed high growth in recent times with the rise in demand for office as well as residential spaces.
As compared to past years the real estate shows signs of revival in the year 2017. By introducing regulations like RERA, Benami Transaction Prohibition, REITS, GST there is a long-term industrial growth and it also impacts on ease of business by transparency at work.
The Government has recently announced a quarterly growth rate of 7.9% in the last quarter of FY2016, which is among the highest reported GDP growth rates over the past few years in India. Therefore, despite a muted global economic scenario, India's domestic economy has been on the recovery curve. In line with macro-economic growth trends noted in the quarter, several sectors also witnessed an annual growth rate higher than 7%, including the real estate services sector, which noted the highest growth of 10.3% for the period.