Most stakeholders in the real estate sector stayed muted during 2017. Very few homebuyers made the buy decision and developers, on the whole, restrained from launching new projects.
Though the real estate regulator came into existence this year, it has moved at snail’s pace in making its impact felt on the ground. The regulators’ website is recognised as one of the major tools that would bring transparency in the sector and help homebuyers immensely in their search for a house of their choice. While the Act has been promulgated, only the Maharashtra regulator has a fully functional website that the homebuyers can use.
While affordable housing was in the news because of all the incentives that the government announced to promote it, this segment did not witness any appreciable rise in supply or increase of activity from the developers. And the way things have gone this year for the real estate sector, it does not seem that 2018 will be very different from 2017 in this regard.
