2017, was indeed, an enthralling year for the Indian realty sector. "While demonetization and Goods and Service Tax (GST) stalled the growth of residential real estate sector across the country, regions like Hyderabad, National Capital Region (NCR) etc., mostly got affected," says a property analyst from Modi Builders. However, 2018, experts anticipate, to be different, at least in the Southern region. The implementation of Real Estate Regulation and Development Act (RERA), which makes it compulsory for developers to list a property with the regulatory authority before promoting it.

The majority of developers believed that Bangalore, Pune and Hyderabad will be the top three cities where residential property sales would grow rapidly. However, the remaining felt that Mumbai, Delhi NCR, Kolkata and Chennai will be amongst the top cities to market growth.  

"Where prices are concerned, Hyderabad is expected to flourish the fastest; 20 per cent of developers expected projects in the city to appreciate on the basis of cost per sq ft, followed by Bangalore and Pune," highlights Modi Builders Reviews.

The Modi Builders report suggests that affordable housing could pan out as a trend in 2018. It also pointed out that more and more developers were planning affordable housing projects, and a very few still preferred the mid-segment.

In the year 2018, developers will majorly focus on selling and completing the existing projects within the deadline. Hence, the year 2018 will witness major sales and delivery in the residential market. RERA has given opportunities to developers to stay transparent and complete the project by the mentioned deadline.