"The primary market, on the other hand, has been relatively unfazed, with most of the players moving towards a regime where black money investments are not as prevalent. There has also been an evident slump in demand over the last year. Home buyers and project developers have been delaying purchases and launches, hoping for more clarity on RERA (Regulation and Development Act) legislations by State governments."
Director, Grant Thornton Advisory Private Limited
This article apeared in The Hindu Business Line on 19th January, 2017.