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ARTICLE · 07 MARCH 2025

Applicability Of Lease Transactions Under RERA

Shardul Amarchand Mangaldas & Co
Shardul Amarchand Mangaldas & Co
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Shardul Amarchand Mangaldas & Co

Shardul Amarchand Mangaldas & Co

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The real estate sector is one of the biggest contributors to the economy and job opportunities in the country.

IndiaReal Estate and Construction
Shrutikirti Kumar
Shrutikirti Kumar
Aman Gupta
Aman Gupta
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The real estate sector is one of the biggest contributors to the economy and job opportunities in the country. The Confederation of Real Estate Developers' Association of India in its report released in March, 2024 has projected a substantial increase in the market size of the sector, estimating it to reach $1.3 trillion by 2034 and $5.17 trillion by 2047. The report further mentions that the Indian real estate market is currently valued at approximately $300 billion, divided between the residential and commercial segments in the ratio of 80:20, respectively. The ascending trajectory of the sector is aptly supported by the Real Estate (Regulation and Development) Act, 2016 ("RERA Act"). The RERA Act was implemented to regulate and promote the real estate sector by protecting the interest of consumers and provide for efficient adjudicating mechanism.

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