Home Sales Seen Rising 25% In 2018: PropTiger
Home sales are estimated to have increased 25 per cent during 2018 over the previous year, data available with PropTiger.com show. This rise in home sales numbers might mark the start of a new era in India’s real estate after key reforms, including the real estate law and the goods and services tax, were introduced to clean-up the sector beginning 2016. Cautious developers, however, showed restraint in coming up with new projects ─ only 1.9 lakh new units were launched in 2018. Consequently, new launches during the year are estimated to decline by 22 per cent.