Jaxay Shah Managing Director of Savvy President of CREDAI Reputed Builders in Gujarat Savvy Infrastructures Pvt. Ltd. S. G. Highway Ahmedabad Gujarat India
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Had a great metg with , President-Elect, Satish Magar at the Regional Workshop on #RERA - ‘ A new era of Transparency and Accountability in #RealEstate organised by the Government of India. https://t.co/c4MQLvVcxT

Had a great metg with , President-Elect, Satish Magar at the Regional Workshop on #RERA - ‘ A new era of Transparency and Accountability in #RealEstate organised by the Government of India. https://t.co/c4MQLvVcxT

Had a great metg with , President-Elect, Satish Magar at the Regional Workshop on #RERA - ‘ A new era of Transparency and Accountability in #RealEstate organised by the Government of India. https://t.co/c4MQLvVcxT

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Sep 10, 2018
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https://realty.economictimes.indiatimes.com/news/industry/indian-real-estate-transparency-improves-on-reforms-ranked-35th-globally-survey/64777191 India has emerged as one of the top 10 countries to have registered maximum improvement in transparency in real estate over last two years, showed JLL’s Global Real Estate Transparency Index (GRETI) 2018 https://realty.economictimes.indiatimes.com/news/industry/indian-real-estate-transparency-improves-on-ref

https://realty.economictimes.indiatimes.com/news/industry/indian-real-estate-transparency-improves-on-reforms-ranked-35th-globally-survey/64777191 India has emerged as one of the top 10 countries to have registered maximum improvement in transparency in real estate over last two years, showed JLL’s Global Real Estate Transparency Index (GRETI) 2018 https://realty.economictimes.indiatimes.com/news/industry/indian-real-estate-transparency-improves-on-ref

https://realty.economictimes.indiatimes.com/news/industry/indian-real-estate-transparency-improves-on-reforms-ranked-35th-globally-survey/64777191 India has emerged as one of the top 10 countries to have registered maximum improvement in transparency in real estate over last two years, showed JLL’s Global Real Estate Transparency Index (GRETI) 2018 https://realty.economictimes.indiatimes.com/news/industry/indian-real-estate-transparency-improves-on-ref

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Jun 28, 2018
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“The year of 2017 could go down as one of the most revolutionary years in the history of the Indian real estate sector post-independence. The implementation of a number of critical reforms such as RERA and GST have initiated a new era of transparency and accountability which augurs well for the sustainable development of the industry. The long term benefits of the new laws are already starting to become visible with a gradual increase in demand for both – Residential and Commercial realty. Going forward, with the presence of an astute framework and infrastructure, 2018 will witness the continued momentum of the industry’s upward trajectory. The unceasing rise in demand for the affordable houses, coupled with the homebuyers’ fresh perspective on the industry due to RERA, the increase in demand for real estate properties is expected to rise even further given the renewed trust in the newly transformed eco-system. ”Jaxay shah National president CREDAI.

Dec 23, 2017
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There are rampant news articles about there being a correction in pricing of real estate by various opinion makers who seem to think they have the authority to make such claims. As an industry body representing organised real estate,we again reiterate that the industry has always been catering to the primary market which comprises of end users who aggressively avail home loans. Moreover, with this step of demonetisation, banks are again going to be flushed with liquidity of approx. 15 lakh crores and will be compelled to lend aggressively .To do that ,they will have to lower interest rates. Demonetising currency has also removed surplus liquidity from the market and this in turn will result in low inflation .We expect that the RBI would definitely, in the coming months ,reduce the REPO rates by at least 2% so that a home loan would come down to at least come down to 7% .The home loan rates coming down to such levels of sub 7% in the next year or so, the atmosphere will become more like the west where home loans are available at 5%. and below .Unlike the western countries, India has a documented shortage of housing and homes ,an aggressive domestic demand for real estate.This essentially means that in the presence of a lower home loan interest regime, a larger pool of home buyers would avail loans to buy the home they always wanted. This could be made possible in as soon as the next six to twelve months. The housing industry will start to grow at a rapid pace while concurrently being in compliance with transparency and fair practices like RERA . We appeal to potential home buyers to understand the long term effect and benefit of this great move and not be misled into believing that property prices will fall. Currently the real estate market is at its best possible price point with no further margin with the developers to reduce prices. Now it is the responsibility of financial institutions to enable home buying during such an optimum scenario.

Nov 11, 2016
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