Residential real estate: How policy reforms impacted it


Post the 1991 liberalization policy, India began to welcome various multinational corporates that were seeking permission to commence operations locally. Being the financial and commercial capital of India, Mumbai was the first city to witness a significant influx of large multinational firms.  By 1994-95, real estate prices in the city increased to a point where companies started to look for cheaper alternative locations, paving the way for other cities to grow commercially. Demand for both commercial and residential real estate gathered steam. Read more

Source: http://www.moneycontrol.com/
Anuj Puri 

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Categorised in: Real Estate, Sector News

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