“The year of 2017 could go down as one of the most revolutionary years in the history of the Indian real estate sector post-independence. The implementation of a number of critical reforms such as RERA and GST have initiated a new era of transparency and accountability which augurs well for the sustainable development of the industry. The long term benefits of the new laws are already starting to become visible with a gradual increase in demand for both – Residential and Commercial realty. Going forward, with the presence of an astute framework and infrastructure, 2018 will witness the continued momentum of the industry’s upward trajectory. The unceasing rise in demand for the affordable houses, coupled with the homebuyers’ fresh perspective on the industry due to RERA, the increase in demand for real estate properties is expected to rise even further given the renewed trust in the newly transformed eco-system. ”Jaxay shah National president CREDAI.
Dec 23, 2017