ISAS Insights

The construction sector in India contributes about 8% of the Gross Domestic Product. However, it offers employment opportunities to a large number of skilled and unskilled persons. To reinvigorate growth activity in this sector the government has taken very meaningful and far reaching decisions. The decision to pay upfront, 75% of the amount involved in a dispute even if government proposes to challenge the arbitration award, is very significant. Home buyers have been provided a level playing field now with the passing of the Real Estate (Development and Regulation) Act of 2016. This will provide a fillip to the purchase of apartments and make loans more easily accessible. An analysis of these decisions is attempted in this paper