The real estate sector was in the news all as the year progressed, with the administration declaring a few noteworthy approach activities, for example, the section of the Real Estate (Regulation and Development) Act 2016 and the revision to the Benami Transactions Act. Be that as it may, the most discussed was the demonetisation of Rs 500 and Rs 1000 coin notes utilized for the most part for land exchanges.

Some strategy activities recorded by global property advisors Colliers Research incorporated the accompanying 10 approach activities

1) Real Estate (Regulation and Development) Act, 2016: The Real Estate (Regulation and Development) Act, 2016 which came into constrain in March 2016 has set out an administrative structure which will change the way the land division works in India. It intends to upgrade straightforwardness, get more prominent responsibility the realty part and set exposure standards to ensure the enthusiasm of all partners. Quick execution of property debate will likewise be guaranteed at the appropriate time .

2) Amendment to the Benami Transactions Act: The Benami Transactions (Prohibition) Amendment Act, 2016 sets down stringent tenets and punishments connected with dealings identified with "benami" exchanges. It builds up an administrative instrument to manage question emerging from such exchanges and exacting punishments to expand the foundation financial specialist interest and directing the area to make India an appealing venture goal.

3)100% conclusion in benefits for reasonable lodging development: To advance moderate lodging, the fund serve proposed 100% finding in benefits to an endeavor from a lodging venture for pads of up to 30 sq meter in four metro urban areas and 60 sq meter in different urban communities. These tasks must be endorsed amid June 2016 to March 2019. Another condition was that the venture ought to be finished inside three years of give of endorsement.

4) Interest sponsorship for first-time homebuyers: To fortify lodging request from first-time home purchasers, the Union Budget 2016-17 likewise proposed finding of extra enthusiasm of Rs 50,000 for every annum for first-time home purchasers for advances of up to Rs 35 lakh endorsed amid the following money related year for houses with an esteem not surpassing Rs 50 lakh. This move ought to decidedly impact home deals in non-metros in the long haul where private item costs are not as high as those in metros.

5) Change in intervention standards for development organizations: To help the debilitated development segment, the administration has cleared changes including speedier determination of question and the arrival of 75% of sums that are stuck in discretion. The legislature will now discharge 75% of sums against edge free assurance in situations where arbitral honors have been given however have been challenged. The sum discharged will be utilized by contractual workers to finish ventures or pay off obligations. This is gone for enhancing the income position of expansive designers who have critical presentation in foundation and government contracts and in the end help in expedient execution of substantial framework ventures. Coming when most designers are battling with liquidity issues, this is a shelter from a general viewpoint..

6) Service assess exclusion on development of moderate lodging: Exemption of administration duty on development of reasonable places of up to 60 square meter under any plan of the Central or state government including open private investment or PPP plans will move development in moderate portion crosswise over India and empower more noteworthy coordinated effort between people in general and private segment and additionally support in moderate home development.

7) DDT exception for SPVs to REITs: The Union Budget 2016-17 exempted any appropriation made out of the wage of the Special Purpose Vehicles (SPVs) to the Real Estate Investment Trusts (REIT) and Infrastructure Investment Trusts (InvIT) from the collect of Dividend Distribution Tax. This prepared for the REIT model to end up distinctly fiscally feasible for retail financial specialists.

8) Implementation of Goods and Services Tax structure: Goods and Services Tax (GST) is a positive move towards improvement of Indian assessment framework. Be that as it may, the land business is as yet anticipating clarity on which things fall into "wrongdoing" and "normal utilize" and whether they will pull in 18%, or 12% conceivable expense rates. Extra elucidation is likewise required if the execution of GST will subsume existing administration expense and Value Added Tax (VAT), which are collected for under development extends presently.

9) Currency demonetisation of 500 and 1,000 rupee takes note of: The late demonetisation of Rs 500 and Rs 1,000 rupee notes by the head administrator is seen as a noteworthy change. Over the long haul, this measure alongside Real Estate (Regulation and Development) Act, 2016 (RERA) will adjust the land segment to the global gauges of working together, bringing about more reserve spill out of institutional financial specialists, banks and higher unit deals.

10) Permanent Residency Status for outside financial specialists: The Union Cabinet affirmed the allow of Permanent Residency Status (PRS) to remote speculators, subject to different conditions and with an arrangement for reestablishment for an additional 10 years. As PRS permits the holders' life partner/wards to take up work in India, and additionally the buy of one private property for end-utilize, the end client pool, principally for top of the line and extravagance section items stands expanded which can advance the benefit class bigly.