New launch real estate property demand rises
RERA implementation, lower GST rates have helped immensely in reviving consumer faith in newly launched properties, leading to rise in demand by 13%. More than attractive prices, effective RERA enforcement influenced over 50 per cent buyers in Delhi-NCR to take the real estate plunge in 2018.
Speaking on the development an industry expert stated, “Our latest survey confirms that a conducive reform-driven market environment and Government sops have breathed life into Indian real estate. Long-term investors with realistic returns expectations are returning. 58 per cent of our respondents bought property for end-use, and 42 per cent bought for investment – up by 10 per cent against the previous survey.”