"The real estate industry underwent some of the most radical reforms and avant-garde policy changes in 2017. Residential demand, sales and supply took a hit on the back of uncertainties surrounding RERA and GST. "RERA transformed the market from uncertain to mended buyer confidence during the quarter. The premium market also saw enhanced traction in cities such as Bengaluru and Pune, suggesting an impending revival. "Prices may further dip in luxury and ultra-luxury segments in 2018 because of low buyer appetite for such projects.

Source: Economic Times February 11, 2018 09:56 UTC