Showing posts from December, 2017

What The Future Holds For The Realty Sector?

Several factors have impacted the real estate market in the country in the past one year. The governmental reforms which have been introduced by the Central Government, over the past year, such as the GST, RERA and demonetization have created a stir in the whole sector.
The implementation of the Real Estate Regulation Act (RERA) and consumer activism against project delays have pushed developers to focus on completion of existing projects. This has definitely secured buyers big-time. Additionally, it has also aided the government in fighting against the infusion of black-money in the real-estate sector. 
While the sector has largely relied on refinancing to meet its debt servicing obligations, researchers said that the same would increasingly become difficult with the revival in sales unlikely. Experts pointed out that property prices were largely stable pre - November 2016 and down the line, there has been a correction of 2-5% in the secondary market. While developers have resisted pr…