Why a recovery from real estate slowdown is still a long way off2 min read 30 Jul 2018, 06:22 AM IST
New real estate project launches in June quarter have declined 60% from a year ago, even as stalling rates remain at an all-time-high with more than 2.5 trillion stuck
Mumbai: The real estate sector is still reeling under the impact of the triple whammy of demonetization, the roll-out of goods and services tax, or GST, and the introduction of new real estate regulations, the latest data from the project-tracking database of the Centre for Monitoring Indian Economy (CMIE) suggests. New real estate projects launched in the June quarter were the lowest since 2005, the data shows. New project launches dropped by 29% from the previous quarter and by 60% from the year-ago period.
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