Real estate sector at its peak as India says ’Yes’ to retail trading
Delhi-NCR: Realtor Pawan Kumar Dhoot, the managing director of Dhoot Group, expects the retail real estate sector to be at its peak in 2016. There are many good initiatives taken by the Government, which improves the retail real estate sector and one of them is retail trading. The new policy framed by Indian government allows trading around the clock which is definitely a boost to the real estate industries.
Dhoot Developer appreciates the effort taken by Prime Minister Narendra Modi in clearing the Regulation of Employment and condition of services Act 2015 which was pending for quite some time. It enables a free flow of private equity funds into the retail real estate. Dhoot Group is excited about the Government’s move in helping the real estate industries to grow.
This Act is cleared, and it will be implemented in all the states. It will help the offline retailers as the Act brings them close to the online retailers. There is going to be a healthy competition which will benefit the consumer and the labour workforce. The Dhoot infrastructure welcomes this move and is looking forward to enhancing the business.
Model Shops and Establishments Act 2015 will help the students, labours in retail. It is beneficial for women, and they will be provided with safe transport, crèche facilities and other related facilities to ensure their comfort and safety during nights. Andra Pradesh and Maharashtra have already welcomed this Act and have started implementing the new retail trade policies. We are expecting it to reach all the States in India.
Rajasthan, Telangana, and other states are expected to announce their policies very soon. 15% of our Country’s GDP is gained through the retail sector and with 24×7 operations, it will increase more. The restrictions are revised for inbound investments so we can soon expect a single-brand retail store coming up!