New Delhi, June 21 -- India's real estate market has picked up at a decent pace in the last 1.5 years with the new launches picking up and the effect of Real Estate (Regulation and Development) Act, 2016, (RERA Act) and Goods and Services Tax (GST) slowingdown. The implementation of the Real Estate Regulator Act (RERA), lowering of interest rates on home loans and the focus on affordable housing including granting of Infrastructure Status, have given the sector a much needed boost. Thanks to these reforms and policies moving forward, consumer sentiment has also improved and sales have begun to pick up.
Over the years, OLX has expanded its presence in the real estate category in order to cater to this demand for real estate in India. One in...