Housing sales are expected to rise in 2019, as the realty market is on a recovery path after absorbing the impact of policy reforms like RERA, GST and note ban, according to CBRE. CBRE said 200 million sq ft of space will be added in 2019 across all segments including housing, office, retail and logistics. The real estate stock in India will reach 3.7 trillion sq ft at the end of this year, the consultant said in a report 'Real Estate Market Outlook 2019 - India' released here. "The growth of the Indian Real Estate market in 2019 will be driven by numerous factors including technology, demand-supply dynamics, improved ease of doing business rankings and the dust settling post the implementation of reforms such as GST, RERA among others," said Anshuman Magazine, Chairman & CEO of CBRE India. He further said, significant growth across segments, will lead to the addition of almost 200 million sq ft of new real estate space in 2019 across categories including office, retail, ...
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Wednesday, 27 March 2019
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Realty market to add 200 million sq ft space across segments in 2019: CBRE
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