In an interview to CNBC-TV18, Gulam Zia, Executive Director of Knight Frank said real estate industry is in a doldrums situation with so many changes; regulatory and goods and services tax etc. It was weathering those blows and this is supposed to be the next one.
He further said that unsold inventory was always there, now we just have more clarity on the data.
Talking about real estate locality in general, he said the worst affected market is National Capital Region and on the other hand Bengaluru developers have always been doing well.
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