The year 2017 will be considered as one of the toughest years for buyers who want to buy Buy Property In Navi Mumbai, particularly for land builders, who faced many challenges like realigning their business practices after the introduction of Real Estate Regulation Act (RERA).
Altering their business models to comply with Goods and Services Tax (GST) and buyers refraining from making investments in real estate after demonetization. However, the end-user market might not be changed as much, speculative markets observed buying activities reducing to a trickle, especially in luxury housing section.
The major goal of this authorities to implement RERA is to bring much-needed transparency, accountability, and reliability, which were missing before in realty sector. As RERA is predicted to transform the land market, the outcomes are slowly being witnessed throughout the nation.
As 2017 is going to finish, capital values in Mumbai, Noida, Hyderabad, Pune, and Ghaziabad grew at a relatively faster rate as a result of their lower base price compared to tier-I cities like Mumbai, Delhi, Chennai or Bangalore.
As anticipated, launches of new jobs in Lucknow were marginally slower following demonetization and RERA, land consultants and market trends point that prices would stay stable and even pick up throughout the second half of 2018