Rera and GST implemented by the government in quick succession this year have a significant bearing on the real estate sector, raising hopes of recovery in an area that was hit hard by demonetisation.

For those justifiably worried about the chronic shortage of 19 million units in urban housing in the country, there is good news. Knight Frank, the independent international property consultant’s seventh edition of its flagship half-yearly report titled India Real Estate, says its field surveys in the Mumbai Metropolitan Region (MMR), Delhi-NCR and Bangalore establish that the affordable housing scheme has received very good response thus far.