Summary:
The trends showed a small uptick in 2017 at 3300 units indicating initial signs of optimism by the developers.“Most of it is now driven by affordable housing segment. To officials of Grant Thornton said that the consolidation is still not over and it will take about a year more to emerge from the current slowdown. After demonetization, the market went into a tailspin and whatever demand is coming of late is from actual users. After demonetization, RERA and GST, the sector has witnessed a defining churn in its history. Before registering with RERA, developer still have to face delays in obtaining approvals and clearances.“It almost takes two years to get all approvals in place..