Editorial photo #2492008 Economy, Business and Finance

Resident Complex in Kolkata

The Areal View of Resident Complex on February 18,2018 in Eastern India City Kolkata,The past year may have been eventful for the real estate sector with the implementation of Real Estate (Regulation and Development) Act and introduction of GST, but a report by Sotheby’s International Realty in partnership with PwC and RICS says 2018 is likely to bring about a positive change in the market, with only developers with strong balance sheets surviving, leading to a return of investor confidence and entry of new end users. According to the report, the luxury home market, especially branded residences as a segment, will grow with the likes of Trump Tower projects and Four Seasons branded residences entering the Indian market. The report titled Luxury Real Estate Overview 2018 was released at the Global Luxury Realty Conclave 2018 organised by India Sotheby’s International Realty in partnership with the CII. (Photo by Debajyoti Chakraborty/NurPhoto)