 "Real estate, Realty sector, Property prices")
The aftermath of demonetisation and implementation of Real Estate (Regulation and Development) Act or Rera and goods and services tax (GST) turned 2017 into one of the worst years for developers and a mixed bag for homebuyers.
While demonetisation, announced in late 2016, hit the sale of luxury apartments, unorganised players and NCR in particular, where the cash component was high, Rera and GST have increased the cost of business for developers. Developers had to increase compliance under Rera. Presales, which were their primary source of funding for initial stages of construction, were banned and they have to keep
While demonetisation, announced in late 2016, hit the sale of luxury apartments, unorganised players and NCR in particular, where the cash component was high, Rera and GST have increased the cost of business for developers. Developers had to increase compliance under Rera. Presales, which were their primary source of funding for initial stages of construction, were banned and they have to keep
