Gift City Top-grade condominiums

These regulators such as those present in state pollution control boards might end up being political appointees and add to the existing red-tape, real-estate developers said the on-going projects should be kept outside the purview of the real-estate regulator as and when he/she is appointed. To ask an on-going project to get registered with the regulator will mean hunting for old documents and certificates. This will hold up projects he said adding that the Bill should not be retrospective in nature. Gift City Investments in real-estate have risen by over 25% throughout the country during the five year period of 2008-09 and 2012-13, further highlighted the ASSOCHAM analysis. According to the real-estate sector in India has been plagued with serious problems of late such as falling sales, rising construction costs, dampened market sentiment overall, sluggish economic growth, high and poor industrial production due to which leading players in the sector had to sell of their land to reduce debt, players have trimmed their exposure in realty sector and general slowdown in various industries has hit commercial real-estate.

real-estate sector from private investors including both domestic and foreign as of FY 2014-15 and has managed to increase its share by about 10 per cent during the last decade in this regard, noted a recent study by apex industry body ASSOCHAM Maharashtra and Uttar Pradesh UP have remained ahead of Gujarat with 22 per cent and 16 per cent share respectively in private investments and these three states together account for Gift City Ahmedabad half of the total investments attracted by real-estate sector from private investors, highlighted the study titled ‘Real-estate investment: State-level analysis,’ conducted by The Associated Chambers of Commerce and Industry of India ASSOCHAM. we are hopeful that it will lift the affordable housing space, revive steel, cement and other related sectors, rev up employment scenario and boost the GDP gross domestic product growth, said Rawat. Gujarat attracted seven per cent of the total real-estate investments worth about Rs two lakh crore made by public sector across India and stayed behind Karnataka 38 per cent share and Maharashtra 14.5 per cent share in this regard.

Real-estate investments in Gujarat have grown at a compounded annual growth rate CAGR of about 28 per cent during almost a decade b/w 2005-06 and 2014-15, however the state remained behind Kerala 59 per cent growth, Karnataka 40 per cent, UP 32 per cent and Rajasthan 29 per cent. Gujarat, too, has been impacted and has seen muted growth over the past two years. Though, the state government has taken significant steps and inked various MOUs across diversified segments, their implementation and employment generation through them will be key in improving the overall growth of the sector in the medium to long term. Gujarat particularly will attract sizeable investments as it is an integral part of India. So, if India grows, Gujarat will as well as grows. Warehouses, high-end apartments, bungalows, low-end apartments and plots will be the segments to revive fast after the election results, across the board, there is optimism for a speedy revival. However most importantly.

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