Will Budget 2018 Make Home Buyers Happy?

The Real Estate Regulatory Authority (RERA) Bill introduced in 2016 was a huge milestone that brought about massive reforms in the real estate sector of India. Before 2016, this sector was more or less unregulated and dominated by builders. Delays in projects, overvaluation of property and frauds plagued the entire sector. Home buyers were left with unresolved grievances and at the mercy of builders. Since RERA came into the picture, the real estate prices have rationalized, and the sector has fallen in line. Delays in delivery are penalized, and home buyers can get speedy resolution for their grievances. Demonetisation further