Opinion

The formation of Gurugram Metropolitan Development Authority (GMDA) is endorsing as a governing factor for the economic development and planning of Delhi National Capital Region (NCR).

By Prof Kamal Chopra, President, AIFMP

In India, real estate is the second largest employer after agriculture and is slated to grow at 30 per cent over the next decade. India was much in need of a regulatory body which could monitor this sector uniformly. So for this, the Indian Government launched RERA and GST.

By Harpreet Sandhu, Advocate, Punjab & Haryana High Court

By Dr Gayathri Kamath, Consultant Obstetrics & Gynaecologist, Fortis Hospital, Bannerghatta Road

By Dr. KJS Anand

Mr.Pradeep Aggarwal, Co – Founder & Chairman, Signature Global

"The 25 basis point slash in the repo rate and the reverse repo rate in the third bi-monthly policy 2017-18 will have a positive impact on the real estate market.

"It is a welcome move, especially to combat the odds industry was seeing in recent times. Cheaper home loan definitely will boost positive sentiments amongst the home buyers and in turn will help the developers to gain the momentum.

"The RBI governor cutting the repo rate by 25bps to 6% today is a welcome step for the real estate sector. Lower interest rates coupled with progressive measures like GST and RERA will improve and bring in positive sentiments and spearhead growth for the realty sector.