J.C. Sharma of Shobha Developers spoke to Ashwini Kumar Sharma from LiveMint about the simplicity of the Real Estate Regulations in India, and here is what he said. Sharma believes that the year 2017 has been a year of structural transition at micro and macro levels. A number of macroeconomic reforms including, demonetization, Goods and Service Tax (GST), Real Estate Regulatory Act (RERA) and Affordable housing impacted the Real Estate market hugely.

According to Sharma, the year 2017, witnessed a decline in the number of new project launches due to procedural complications of new policy measures and can be termed as the year of the lowest number of launches in last 10-15 years.

He wishes that power, water and other utility connections, and certificates needed after completion which is presently not under RERA purview, find a place there soon.

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