India’s real estate industry can hope for an impressive turnaround in 2018 as the October-December 2017 quarter witnessed an average price increase of 3.1% in 46% of the 750 localities across 14 major cities, reports Magicbricks PropIndex, the flagship quarterly report of India’s No.1 property site.

MHADA, a nodal agency for the housing project under PMAY, had identified 14 sites for houses. The state and central level coordination committees had given a clearance for the same

Mission for Elimination of Poverty in Municipal Areas (MEPMA) of the Department of Municipal Administration & Urban Development is designated as the State Level Nodal Agency (SLNA) for implementation of PMAY under ‘Housing for All Mission’ in Telangana.

The introduction of the Real Estate Regulatory Act as well as demonetization last year has been extremely disruptive for the real estate sector. The government has already expressed its vision of housing for all by 2022. If this is to become a reality, they will need to provide tremendous amount of stimulus for the real estate sector so that homes become more affordable and get produced much faster to meet the objectives.