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RERA, GST compliance will remain a challenge

DNMUM394855 | 8/19/2017 | Author : Team RNA | WC :694

H1 2017 witnessed a 17% decline in new launches from H2 2016 as per Colliers Research
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Although the market had returned to normal after the demonetisation drive in November 2016, it was further impacted by the implementation of the Real Estate (Regulation and Development) Act (RERA) and then the nationwide execution of the Goods and Services Tax (GST). As per Colliers Research, RERA and GST compliance will remain a challenge for several developers for at least the next six months. We expect a decline in the number of launches in H2 2017. However, sales are likely to pick up during the festive season due to higher optimism among buyers after RERA. This will further address the issue of unsold inventory in the market. Buyers who are looking to invest in the next three to four months should opt for RERA-registered and ready-
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