Mumbai witnessed the highest number of launches at over 19,400 new residential units till September 2017. Out of the total launches in Mumbai, affordable housing sector had a share of close to 10000 units, registering a rise of 300 percent over same time last year; all this in accordance with Prime Minister Narendra Modi's 'Housing for All by 2022' initiative, which is proving to be a booster dose for real estate industry players.

To add to this, the interest subvention scheme in home loans taken for buying affordable homes which was announced in this budget, opened doors for many middle-class aspirant home ' buyers. In the first nine months of 2017, the affordable housing sector has witnessed a surge of over 27 percent in new units launched in the top eight cities in India. This year, two major developments impacted real-estate sector ' RERA and GST.