The Three Basic Mantras Of Real Estate
After the primary sector and agriculture, the real estate market in India is one of the largest in the world. These industries contribute between 6.5 and 7%, and they are a significant source of employment for the unorganized sector of the Indian labour market . This industry benefited greatly from the post-liberalization era when India became a sought-after destination for foreign direct investme nt, numerous big ventures were starting up every day, and middle-class earnings in India experienced a rapid rise. Since the 1990s, it has experienced significant growth, and Indian metropolises like Chennai, Mumbai, Delhi, and Kolkata have seen a surge in the real sector. As soon as a new government took office at the center in 2014, the sector experienced one surprise after another with the introduction of the Real Estate Regulatory Authority (RERA), the Goods and Services Tax (GST), demonetization, the act against benami property, and the insolvency code. After demonetization,