STATE OF REAL ESTATE IN INDIA

Abstract

Real Estate is considered as the backbone of any economy. Indian real estate sector has witnessed sluggishgrowth years in recent past. Declining sales and mounting debts coupled with policy paralysis witnessed duringthe UPA-2 regime played havoc for the sector. However, things changed for the better in early 2014 whentheNarendra Modi government came to power at the Centre with a thumping majority. This led to a boost ininvestor confidence coupled with renewed interest from key stakeholders. The government has unleashed a lot of reforms in the last few months to give a fresh impetus to the sector.