Real estate transactions in india are one of the largest areas where tax cheating and black money goes in to. It's not surprising the sector was hit. I'm not sure if it's a bad thing.
I understand the real estate part. Perhaps it (real estate) needed some regulation (though this is probably not the right way). It was getting out of hand and out of reach of most Indians. Tax evasion is a real problem we face.
Sorry for your loss pal. Lets hope things look up soon.
This is on the backs of a ridiculous plan to demonitize cash, in a cash based economy.
We saw an immediately slow down when GST hit. Certain sectors were entirely dead - real estate - for a while.
It’s been nearly 6 months, and the pain in the informal sector is now whip lashing its way into the formal economy.
Indians are born children - you are not taking toys away to make them behave.