We ask the experts about how the implementation of RERA in 2017 has impacted real estate sector and when will home buyers begin to reap promised benefits.
Shishir Baijal, chairman and managing director, Knight Frank India
Half a decade from now would perhaps be a good time to review the wave of transformation that set into India’s real estate sector in 2017. The year was probably packed with uncertainty, volatility and promise of new opportunities. The reforms have gradually begun to improve consumer confidence and attract institutional funds indicating a buoyant outlook for the long-term. For RERA to be successful, it must be implemented in letter and spirit across India and.homebuyers will have to wait a little before rejoicing.
