Foreign Property News | Posted by Si Thu Aung
A similar story is visible in the hospitality real estate market, as hotel occupancy rates increase rapidly. According to a new report from Big Four accounting and advisory firm KPMG, a combination of growing demand and conducive government initiatives have made this year a crucial one in the development of India’s real estate market.
This year, the government has demonstrated an interest in developing affordable housing across the country, and has launched targeted initiatives to promote the same. Alongside positive policies, the administration has also looked to relax the regulatory environment around real estate development.
Ref: Property Report
