Real Estate & Construction

The sector, till recently, was at forefront in driving the country’s economic engine. Demand for both residential as well as commercial properties went up exponentially. Prices sky rocked. It was a boom time for everyone connected with this industry, including the investors.

It is currently going through a sluggish phase with demand having cooled off and prices stabilized. The action has moved from the top 10 cities to smaller cities. Clear trends in the real estate market are very difficult to predict at this stage.

Between government stimulant on the much needed funding front and certain direct tax sops on the one hand, to higher tax compliances and higher indirect taxes on the other things should look up. We have lot of manpower demand in this sector.