 "Real estate, housing finance, building")
The media is full of articles on potential hard landing for the real estate sector. This is driven by possible auctioning of the properties of the defaulting developers under the new insolvency laws, as well as implementation of Real Estate Regulation Act (RERA), which will require the developers to start paying for their past defaults. But the real estate sector is a major employment provider and the economy cannot afford its hard landing.
A large part of the demand for real estate comes from taxpayers who have sold their residential houses and they are able to claim exemptions under capital gains
