But in spite of all the developments, the fact remains that the Indian real estate markets are still at a very nascent stage compared globally. The reasons for the same are multiple, most of which hinder the growth of the markets even today. One can easily identify the following challenges facing the real estate sector …
- Liquidity Risks for the properties because of lack of a proper market / platform
- Inadequate transparency in property market – lack of quality of data, information sharing, land & property records, valuation norms, etc
- Lack of proper governance of property dealings, unclear property titles, unfavourable-tenancy laws, corruption in dealings, etc
- High transaction costs, stamp duties
- Lack of standards / quality for brokers, etc
Lack of a healthy market / instruments for raising capital, funding of projects, investor participation, etc
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