NEW DELHI, Jan. 15 -- The last year has been a tumultuous one for India's real estate market. The extreme ups and downs have left the sector looking almost completely different from what it used to look like, just the year before. While the sector experience the full impact of demonetisation and GST, the availability of cheaper finance schemes kept the market going. The increasing availability of affordable housing in India, enabling homebuyers to make purchase decisions for homes that meet their financial budget as well as easier financing options has enabled many more people to become part of the organised real estate market in the country.
Several major policy amendments changed the status of the Indian real estate market. These were ai...