2017 was an exciting year for the real estate sector with RERA being stated as the major landmark. The year has been all kinds of good and bad for the builder and buyers, and both the sides were expectantly waiting for 2018 to happen – with all the positive things.
Four days into 2018 and here are some possibilities for the real estate sector that have been compiled by Keys90.
Affordable Housing will Run the Market – The properties set for the low-income and middle-income group will run the market since the reform was introduced by the government last year. The rent reforms will in a way boost the confidence of the tenants and sales are likely to increase in the year.
Strict Actions will be taken Against Benami Property – Before the year 2017 came to an end the government had already given a statement that strict action will be taken against all kinds of Benami properties and Benami property owners. This is going to be the year when the plan will all together be implemented.
Price Levels to be on Similar Scale – 2018 is unlikely to see any price rise; the levels will be on the similar scale compared to 2017. The year will be a good time for investment in the residential and commercial sector and the buyers will benefit on an overall scale. After RERA being introduced in the previous year and the under construction properties being put on hold for sale it is being estimated that this year after their completion the sales of the residential flats will increase.
Even though it is early to predict the situation of real estate in 2018, there are these three that we are most sure about.
We’re hoping the year is a good one for all – the builders, buyers and sellers.
Happy New Year!