There is a list of DOs and DON’Ts in almost all kinds of business, following which would determine whether the business succeeds or fails in its pursuit. Likewise, in rental business we do have a list of our own. Having right tenant to your property is the key to running a successful rental business;
A recent study, conducted by KPMC , states that India is poised to witness one of the largest urban transformations by 2030 in human history as over 1/6thof Indians would be residing in cities.
Chennai this year saw a huge surge in supply of ready to move in residential properties, especially in the high end and luxury segments. According to a recent report by Colliers, this surge can be attributed mainly because of the increased confidence amongst property developers backed by stable governments
Owing to recent policy reforms in real estate space, the sector has been witnessing phenomenal growth. This growth unsurprisingly is noticed not just in Tier 1 cities, but also in Tier 2 and 3 cities and towns. Regulatory changes such as Real Estate Regulation and Development Act 2016, Real Estate Investment Trust (REIT), Goods and Service Tax (GST), ease-in FDI restrictions etc are expected to bring about note worthy changes on the functioning of realty sector.
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