User talk:Yashartha123

Unlike certain industries where there has been some sort of stagnation in the recent past, the scenario is different in the case of housing industry. The housing sector in the country which was passing through a recessionary phase has witnessed dramatic changes over the last few years coupled with the much needed recovery from the recessionary trends and gaining a never-before buoyancy. In a lackluster economic scenario, housing is among a few sectors to have defied the adverse trend. The last couple of years saw the fast transformation of housing sector into a crucial sector of the economy. The reversal of the recession in real estate and housing sector set in motion a few years back has been gaining further acceleration.

A host of factors have contributed to the buoyancy in the housing sector. In its continued thrust on housing, the Union Budgets during the past few years have taken several measures to extend fiscal incentives and simplify procedures that have gone a long way in giving a significant impetus to the housing sector. Apart from the Government support, factors such as increasing number of dual income families, high salaried employees with high purchasing and borrowing powers, bottoming out of property prices, decreasing interest rates, easy availability of home finance, a stock market shy of regaining its earlier momentum etc. have contributed in a significant measure to the resurgence of the housing sector. The Government of India have also been adopting several measures to encourage NRI investment in housing and real estate development for promoting the flow of foreign exchange to the country.