Real Estate 2018 Era of RERA, GST and REIT

The year 2017 has been the most eventful period for the Indian Real Estate sector with new regulations and policy changes, following demonetization, roll out of RERA, Benami Transaction Prohibition, REITS, and GST. All of these have had a cascading impact on the real estate market, which experienced a slowdown for several months. However, it is anticipated that the new policies will help the industry become more organized, transparent, and accountable, which will boost buyer sentiment in both residential and commercial segments.

Presenting here are the views of some renowned real estate developers on the year that was, and their outlook for 2018. It is heartening to see that they are unanimous in their view that the consolidation of the major reforms will see a remarkable transformation in the real estate sector.

Mr. Irfan Razack, CMD, Prestige Group

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