A good year for affordable housing

Provisions of RERA, subsidy under PMAY, relaxation in PF withdrawal to buy a house will aid housing

I was in a television debate recently to discuss the depressed status of the residential real estate market. Despite the demonetisation blow, the impact of the Goods and Services Tax and Real Estate Regulation Act (Rera), the general mood among the panel members was quite upbeat. Almost everyone felt the worst was over. 

Given my known views about how real estate developers have lost the trust of buyers due to uncompensated huge delays and other malpractices, the television anchor turned to me last for a counterview. The future looks much brighter, I told her, at least for the affordable housing segment,