RERA revives home sector demand

The India growth story remains intact, which is a view that is shared by everyone. There is no real slowdown in consumption. The Government’s announcements for the infrastructure sector will give a major boost to employment and given the linkages with other sectors, higher Government spending will help a lot of industries.

After the introduction of RERA there were some disruption, but now all developers are marketing RERA-approved projects, which has reduced
the trust gap between the buyer and the builder. Now, buyers feel assured and the residential sector demand has revived. The thrust on affordable housing is also positive for the sector. Banks are estimated to further reduce interest rates in some baskets over a period of time, given the low credit demand.

Source: Times Business, October 26th 2017