The real estate market in Ahmedabad has virtually screeched to a halt with the city recording the biggest decline in number of new housing units being launched between January to June period. A real estate report that was released on Wednesday blamed it on the lack of clarity regarding the newly legislated Real Estate (Regulation and Development) Act or RERA. “The National Capital Region (NCR) of Delhi and Ahmedabad are two residential markets that have seen the biggest drop in launch of new projects.
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