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Real Estate Update
CREDAI and Cushman & Wakefield release report on Embracing Change
01 Sep 2016
CREDAI in partnership with Cushman & Wakefield released a report entitled ¨Embracing Change-Exploring Growth Market for Indian Housing¨. The report anticipates the Real Estate Regulation and Development Act, 2016 along with Real Estate Investment Trusts and the FDI Policy to be important elements in determining how the housing sector fairs in the near to mid-term. Development of industrial corridor along the major access is identified by the report as an important factor in dispersal of urbanisation to Tier-I and Tier-II locations. It observes that the smart cities programme will provide opportunities for the real estate sector as 89 per cent of the proposed Rs 48,000 crore investment in the first 20 such cities will be earmarked towards urban development, housing, transformation, water and energy.