Real Estate : The Past, The Present and The Future
Real Estate : The Past, The Present and The Future The opening up of Indian economy since July 1991 has brought about some interesting and exciting trends in the Indian Real Estate. To continue this, further opening is required which is more challenging. Are we prepared of it ? ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ ------ “History never repeats itself, but it does often rhyme” - Mark Twain First week of July, 1991 : in just three days Indians experience a shocking devaluation of rupee by 20%. This historic week, marked the beginning of a new liberalised and open economy where the private sector had a much larger role to play. And over the years, the government continued to work in that direction. A decco of few interesting trends in Real Estate over 32 years has some great stories behind them. Real Estate becomes bank friendly The devaluation and liberalised laws for NRI investment brought about