India, Jan. 29 -- Policy reforms such as the Real Estate (Regulation and Development) Act (RERA), Goods and Services Tax (GST), and the Housing for All mission have helped formalise the real estate sector. Backed by these measures, the sector entered a sustained upcycle from September 2021, reflected in improved sales driven by higher household savings being channelled into physical assets, the Economic Survey 2025-2026 said on Jan 29.

'...policy reforms, including the implementation of the Real Estate (Regulation and Development) Act (RERA), GST, and the Housing for All mission, have supported greater formalisation of the sector. Demand-side measures, such as interest subvention under PMAY (Urban), the Affordable Housing Fund, lower int...