Interview Question for Mr. Subhash Pillai Sir

Q1. What are the effects or impact of RERA and GST on global real estate market? Does these effect investors across?

With RERA and GST there will be more transparency in the overall process of home buying and investors and specifically NRIs who are skeptical in decision making with these new reforms the confidence levels are expected to be overwhelming.

Q2. Will property prices increase after the implementation of RERA?

Yes, with RERA property prices are definitely expected to increase

Q3. How is the Indian Real Estate Market compared to global markets?

With the transparency in the current market with the latest reforms the indian real estate market will be pretty robust and investors across the globe who were waiting and watching will start looking at indian markets more seriously.

Q4. Many international brands have come in, what is the status of commercial space in India?

With international brands already mushrooming and with RERA transparency on timelines we can see more international tie ups in the near future.

Q5. What is scenario of present domestic real estate market? Do you think the residential market will bounce back?

The present domestic market is a little stagnant with latest reforms and with festival seasons ahead it will definitely bounce back.

Q6. Some insight thoughts for Real Estate Sector at present?

Real estate, in developing markets has been a great wealth creator in the past, however, given the fact that developers have not been able to stand tall on their commitments, one of the primarycontributors for the current slowdown in residential real estate sector is the trust deficit between the home buyer and the developer. Much to the rescue of this fragile relationship between the two, RERA, based on the premise of transparency, is expected to redefine this relationship and is expected to be a potential game changer.