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International Journal of Trade & Commerce-IIARTC
Impact Factor (IF):5.135 (COSMOS), IF:7.249 (ISRA), IF:3.721 (ISI)
ISSN:2277-5811 (P), ISSN:2278-9065 (O)
Frequency: Half Yearly
An Empirical Study on the Impact of Governments Economic and Monetary Policies on Real Estate Stakeholders: With Special Reference of Delhi-NCR
Author: Yadav, S.K.S., Etoria, Renuka, & Roshan, Aman
Abstract:
The real estate sector in India is hoped to reach US$ 1 trillion by 2030. By 2025, it will contribute approximately 13% to Indias G.D.P. Indian real estate developers have changed gears and accepted fresh challenges. The most significant change has been the shift from family-owned businesses to professionally managed ones. Rapid urbanization, the emergence of nuclear families, and increasing household income are likely to remain the critical indicators for growth in all spheres of real estate, including residential, commercial, and retail. Fast urbanization in the country is pushing the development of the real estate. Customers are increasingly looking to do more leg work online before involving the experts. The study investigates the relationship between economic and monetary policies on the factors influencing seller and dwellers perspectives towards real estate. Moreover, the study provides essential information regarding sellers and dwellers that can make effective decisions in identifying the more influencing factor of real estate in India. The research is empirical, and a random sampling method is used. Well-drafted two questionnaires (one for investors and the second for Office bearers of Realtors) were collected from 800 respondents (i.e.400 investors, 400 office bearers of Real Estate Funds, etc.). The sample area is Delhi –N.C.R. comprising five essential cities: Ghaziabad, NOIDA, Faridabad, Delhi, and Gurgaon. The study also found a significant relationship between the economic & monetary policy bought by the Modi government and the condition of the real estate sector for dwellers. The buyers are not untouched by the governments monetary policy. Therefore, the Modi government should be concerned for the buyers as the property investment is not a minor decision, and hence, it should be made favorable for the dwellers. On the other hand, the builders are not happy with the policy, and thus due to that consequence, they found th
Keywords:Economic and Monetary Policies, Real Estate, Builders, Dwellers, Natural Factor, Market Factors.
DOI:
International Journal of Trade & Commerce (Vol: 10 Issue:1)
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