The decisive mandate in the general elections will translate into gains for the real estate sector only if the Central government is able to work with states to push key reform measures and legislations.
Given the sluggishness in the real estate sector and the uncertainty in delivery, the situation makes a compelling case for resale property over one under construction.
A Supreme Court ruling on open spaces in Mumbai plugs a loophole exploited by developers, setting a precedent on development control norms across the country.
