Page 5 - ARKITON LUXE PROJECT FINANCE REPORT
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URBANIZATION
Rapid Urbanization: Progressive urbanization,
growing along with urban population, which rose
from 109 million in 1971 to 377 million in 2011, is
anticipated to reach 600 million by 2030. This
mounting concentration of the general public in
urban localities is leading to land and housing
scarcities and crowded transit, along side the
elementary facilities such as water and power.
INCREASE IN State-wise Needs of
INCOME LEVELS Housing Units up to 2022
Growth of disposable income for the
lower strata: Along with the upsurge in
the urban residents, rising incomes
have led to the enlargement of the
middle class. This has in turn resulted in
an increased demand for affordable
housing equipped with basic facilities.
REGULATIONS
Enacted in May 2016, the Real Estate Act (RERA) was introduced for regulation and promotion of the
Indian real estate sector. The act seeks to balance the rights of various stakeholders such as buyers,
developers, investors etc., by providing a dedicated redressal forum.
Positive Impact of RERA:
• Market consolidation
• Improved investor and consumer confidence
• Availability of project funding expected to improve over time]
Positive Impact of GST:
• Consolidation of multiple tax layers
• Emergence of a common market superseding various federal tax barriers
• Pan-India uniform tax treatment
