Real estate developers fear that the new indirect taxation regime could raise project costs and scare homebuyers away

The sentiment essays a warm sunny skyline after prolonged spells of gloom

Following implementation of Rera and GST in quick succession, banks have also added to the positive sentiment by cutting interest rates for home loans

Real estate promoters and unregulated entities are hesitant to register under the new act

Prices may rise by about 20% post-demonetisation, as new regulations make builders wary of fresh launches