In the last two years, the Indian real estate market has seen major transformations. With the implementation of policies like RERA, GST, PMAY housing scheme and others, property buyer’s confidence has become stronger than ever. While RERA and GST were the major highlights of 2017, other key reforms like the National Urban Housing Fund, REIT, Insolvency, and Bankruptcy code were the developments of 2018.
The property market in India has seen a major turnaround in the recent times. In fact, the introduction of RERA [Regulation and Development Act] 2016 has transformed the atrocity of builders into the compassionate realtors. Thus, the real estate market is likely to come back on track in the year 2018.
This is a happy beginning for both, the buyers as well as for the realtors. This year is predicted to be an eventful period in the history of Indian real estate sector. There are multiple reasons that indicate good times for the Indian property market.