Parsvnath Chairman, Pradeep Jain Look Forward To 2018
Real estate which was one of the most sought after investment avenue among India has seen a dip in its popularity off late because of the stagnation or dip in prices.
Pradeep Jain, Founder Chairman, Parsvnath Developers Limited expressed his views for the coming year. He said, “Fundamentally real estate sector has always enjoyed being one of the most lucrative investment destinations globally however the last couple of years have been rather slow for the sector. Though market is expected to recover but at a slow pace because of moderate economic growth. Affordable Housing segment will remain the key demand driver. There has been a considerablegrowth in the commercial sector which is well complemented by the growth of the corporate environment and the demand for office space in strategic locations and I feel that at this time REIT’s should be made more tax efficient so that it becomes a reality and boosts investments in the commercial real estate segment.”