AHMEDABAD: Will RERA push property prices up? With Real Estate (Regulation and Development) Act, 2016 (RERA) coming into force from May 1, realtors see a short-supply, albeit temporarily, as new realty project launches will get delayed on account of stricter norms. The short-supply coupled with increase in construction cost is expected to push up property prices for short term, say experts and realtors. "New project launches will be delayed mainly because developers will have to get all the permissions before they start selling. "Restricted supply in the wake of delayed project launches may increase property prices temporarily and will stabilise in longer run," said Nirav Kothari, MD, Ahmedabad office, JLL, a leading property consultant.

Source: Economic Times May 03, 2017 08:59 UTC