There is no doubt that 2017 can be clearly described as a year of transformation for the real estate sector in India. The year witnessed significant amount of government interventions through new acts and reforms. Rera, GST, affordable housing are some of the examples of key policy initiatives of the government. While some of these laws are still in the transitional stage, these are expected to have a far-reaching impact on all the stakeholders, the demand and supply situation and on the sector as a whole.
This article appeared in Financial Chronicle on 15th January, 2018.