With supply in abundance, real estate is expected to be a buyer’s market, says Anagh Pal
For residential real estate developers 2017 was a bad year, due to a slew of big regulatory changes. From re-aligning their business to factor in GST to changing their business model to comply with RERA and facing an investment crunch post-demonetisation, the challenges were many. According to data shared by ANAROCK Property Consultants, new housing project launches were severely impacted in 2017. Only 94,000 units were added in top seven cities of India between January-September 2017, which is a drop of more than 50 per cent from the same period in 2016. But, one can say for certain that the residential real estate market is on its way to recovery. In October and November 2017, some 18,000 units were launched, which is around 90 per cent of the new launches in the quarter. Here’s what home buyers can expect in 2018:
More power to the buyer
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