Anuj Puri, Chairman – ANAROCK Property Consultants
- Housing sales jumped by nearly 8% in the first 3 quarters of 2018
- NBFC crisis hijacks Indian real estate’s growth story, fallout into 2019
- General elections will play a role in the sector’s fate in 2019
As we embark on the final lap of this calendar year, it is appropriate to take a quick glimpse of what has happened in the Indian real estate sector during a highly tumultuous 2018.
Given the RBI’s alternating cautious and proactive stance towards managing the overall economy, it remains to be seen if 2018 will bring any further surprises for the real estate sector. If not, we can expect fairly steady sailing until the end of the year.
2018 So Far
Residential Real Estate
The year 2018 brought with it a new ray of hope for the residential sector, with both sales and new supply gradually picking up across the top 7 Indian cities – Bengaluru, National Capital Region (NCR),