Gurgaon realty will bounces back from slowdown
The year 2017 turned out to be a challenging one for Gurgaon ’s real estate sector, as developers found it almost impossible to manage, what they said, was the triple whammy of demonetization or recall of high value currency notes, implementation of Real Estate Regulatory Act 2016 and finally, the Benami (Transactions) Amendment Act, 2016. These things are effecting a lot to real estate of Gurgaon . Experts people said that these three widely debated and documented moves changed the very dynamics of the city’s realty sector, as capital was sucked out of the system and investors fell on hard times. The fallout? Very few new project launches, price correction, little or no product promotion and a negative sentiment pervading the sector, as some developers almost went bankrupt. However, while sending builders into a nervous huddle, the set of tough building rules gave home buyers a much-needed weapon to take on the system. In fact, claimed that unlike previous gove...
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