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Bengalurus residential market drops after the launch of RERA
India, Oct. 2 -- This is an unprecedented situation for all developers across India. Demonetisation has resulted in fundamental change in most of the developers approach towards their businesses and when RERA came into picture, they were forced to put their house in order. To make their existing projects RERA compliant, the developers were left with no band-width and had to take a pause before taking any further decisions related to new projects, thus leading to decline in number of new launches in Bengaluru says Goutam Chakraborty, Senior Director, Office Services, Colliers International India.As per Colliers Internationals research, the capital values in locations such as Central, Airport Road, Whitefield and Yelahanka recorded a 3%-6% de...
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