Real Estate Developers

Panaji: The triple impact of demonetization, Real Estate and Regulation Act (RERA) and goods and services tax (GST) has created uncertainty in the real estate market across India, including Goa, say industry experts. President of the Goa chapter of the Confederation of Real Estate Developers’ Associations of India (Credai), Jagannath Desh Prabhudesai, said the Goan real estate industry has been trying to adjust itself to the changes. “We were going through a recession when demonetization happened, and it created a huge currency crunch in the market. The industry was trying to balance itself when GST and RERA were introduced, almost at the same time. WeRead More →