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Published on 7/2/2017 2:11:34 PM
The RERA & GST era: Impact on real estate
eal Estate – The RERA & GST ERA’, an evening of thoughtful and engaging discussion on India’s real estate industry on June 29, 2017 in Delhi.

Demonetisation, Real Estate Regulatory Authority (RERA) and the implementation of Goods and Services Tax (GST) from July 1 have made a long term impact for real estate sector across the country. The effects of this series of policy changes is going to be long term. How it is going to change the market, is yet to be seen.

The realty sector is already facing a sluggish growth with poor sales in the last three years is staring at an uncertain future.

RERA aims to regulate the unregulated sector and bring some discipline to check the project delays and unfulfilled promises from developers. GST aims to rationalize tax structure and bring uniformity in prices, which is expected to benefit both the developers and the end users, the home buyers. The real estate developers need to pass on the benefit to the consumers.

With the coming of the RERA and GST, the real estate sector in India is likely to see some serious changes. Although RERA tries to bring in more transparency and GST will lead to an ease of doing business, the twin policies are the likely to usher in a new India. All these efforts present a very promising picture but their execution is what will define the actual course of these changes.

While real estate experts feel that prices will spike post-RERA, taxation experts feel that in the long run GST will bring down prices of properties. On which side the prices will swing, it seems only time will tell.

Real Estate – The RERA & GST ERA’ will mark the launch of an insightful report ‘Residential Real Estate – An Investible Asset,’ a joint effort by Magicbricks and KPMG. The event will focus on the challenges and the opportunities for the Indian real estate industry, which is going through a transitory phase with the introduction of RERA and GST.

This invitation-only event will be a gathering of who’s who of India’s real estate industry. It will start 5pm onwards, at Diwan-i-Am, Taj Mahal Hotel, Mansingh Road, New Delhi.

The event will be graced by Shri Rao Inderjit Singh, Union Minister of State, Ministry of Housing and Urban Poverty Alleviation and will also be participated by some of the key RERA regulators, banking heads and leading PE firms. Shri Amitabh Kant, CEO, Niti Aayog, will deliver the key note address on the occasion.

“Residential Real Estate – An Investible Asset,” a joint effort by Magicbricks and KPMG, will capture how the Indian Real Estate sector holds strong potential for residential property market growth and price appreciation.

Watch this space for the updates from the evening. Post your questions here and get insights from some of the leading lights of the industry on the significant impact of RERA and GST on the real estate industry.