The year 2017 will be remembered as the year of disruption and radical policy reforms in the history of Indian real estate. While RERA and GST may be considered as a disruption by the industry, the government’s sustained efforts towards promoting affordable housing provided some hope to the beleaguered residential sector. However, 2017 was another watershed year for the residential sector, wherein neither new launches nor sales could not ignite the hope of revival.
As 2017 ends, developers are hoping that 2018 will bring in the much-anticipated revival of the residential sector. However, 2018 is expected to be no different than 2017 because of the following notable trends:
About the Author: Anuj Puri is Chairman at ANAROCK Property Consultants.