“In the last few months, the market is impacted by one after the other events such as demonetisation, implementation of Real Estate Regulation & Development Act (RERA) and the Goods and Services Tax (GST). With RERA getting implemented in almost all cities, the buyer sentiment is bound to improve. However, despite the reduction in the number of new unit launches, stagnant prices in the last couple of years are demonstrating that the market is in a self-recovery mode and this festive season is probably most appropriate to invest in real estate. There are combinations of market forces also which will push the residential sector on the road to recovery.”
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