Buoyed by the transparency brought in by the Real Estate (Regulation and Development) Act 2016 (RERA) and goods and services tax (GST), first-time buyers and end users are making a comeback in the residential market.
According to real estate developers as well as consulting firms, even in markets that were predominantly led by investors, residential sales have shifted towards first-time buyers or end users looking to upgrade to a new home. The trend can be observed in geographies like Bengaluru and Hyderabad, which are historically end-user driven markets and have seen traction ...
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