While 2017 would be the year of consolidation, the sector’s growth prospects for 2018 would be ‘brighter than ever’ as the impact of the regulations would unfold throughout this year. Edited excerpts:You have been active in the Indian real estate sector for over two decades, what are the radical changes you have witnessed and how do you evaluate them? The passage of the Real Estate Regulation Act was the most significant reform that the real estate sector has seen in the recent times. As the impact of these regulations unfolds in 2017, the sector’s future growth prospects in 2018 look brighter than ever. Post RERA, we expect the real estate market to be much more transparent and investor friendly.

Source: The Hindu May 28, 2017 16:22 UTC