Housing demand and supply consolidated towards realty firms that are either part of big corporate houses or have a decent track record in execution of projects. At the start of the year 2019, property developers and consultant predicted significant revival in housing sales, albeit on the lower base, while the momentum in the commercial space would continue. "To say it was a tough year for the housing sector is an understatement. Although these steps were not enough for significant growth in sales, it reflected the importance the government gave to real estate sector. Nevertheless, it seems housing demand can only increase from here, as sales and prices have bottomed out.

Source: Mint December 30, 2019 11:15 UTC