Demonetization has had a considerable impact on real estate sector. However, larger, organized players who conduct their business transparently like Marathon Group were less impacted.

MMR seems to be currently re-orienting to the prevailing market conditions. The days of pre-launches and soft launches have faded away and the developers are now approaching the market with their new avatar of financial discipline, accountability and transparency.

The primary issue concerning policy reforms like RERA & GST was the lack of clarity on how they would impact the country’s real estate sector and the buyers/investors thereof. This has had a profound bearing on the stakeholders, as property markets are largely sentiment-driven.

I am looking forward to RERA as its going to have its benefits to both developers as well as the buyers. With RERA coming into force this sector is going to see a great deal of transparency and accountability which has been a dire need for this sector. Developers will get all necessary sanctions which will fasten the development process and avoid delays.

“Currently the real estate sector in India is largely unregulated, leaving consumers with little recourse to redressal in case a developer defaults on promises. With the bill coming into force as an act, RERA has promised to introduce more efficiency and regulations for those seeking to protect the welfare of homebuyers, as well as help boost investments.

Munish Doshi, MD, ACME Housing shares his view with Sandeep Sharma about his company’s footprint and emerging trends in the real estate sector, emerging trends in the Indian real estate sector, business scenario in the first half of the current year, realty scenario in MMR, ongoing and upcoming projects, sustainable construction, Single Window clearance system, impact of Real Estate Regulatory Act, 2016 (RERA), affordable housing and need to streamline Construction/Project Finance in India.

Warehousing and Logistics development is the new entrant and will have a good growth. Retail malls are also likely to have a good growth in the next five years. But the clear winner is going to be affordable housing.

According to CBRE India’s latest report ‘The Comeback of Hyderabad’, Hyderabad is regaining prominence as one of the leading destinations for real estate in South India.

Amura Marketing Technologies is a leading digital marketing services company of India with its own marketing & sales automation platforms. The company was founded in Jan 2010 and is currently India’s largest digital marketing company servicing more than 250 clients in real estate across India.