By E Jayashree Kurup
It has been a harsh winters for consumers and developers for the real estate sector. But this period has also coincided with some welcome structural and policy changes that will usher in long-term gains for the sector.
Demonetisation
The sector was battling weak consumer sentiments due to poor deliveries when demonetisation brought down property prices further. While houses became more affordable after demonetisation, the sector now faces a liquidity crunch as funding has become scarce.
RERA: Real Estate (Regulation & Development) Act
The grievance redressal mechanism of RERA, enacted in May 2016, improved consumer and investor confidence by focusing on transparency. According a Magicbricks poll, around 56% of hom…
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