Karnataka property market shows positive signs after GST, RERA

The real estate market in Karnataka is seeing a revival after the hard knock it took in the wake of the Centre’s move to ban high-value currency notes in 2016, followed by introduction of goods and services tax (GST) and uncertainty surrounding the Real Estate Regulation and Development Act (RERA). The department of stamps and registration said the realty market recorded a nearly 20% increase in revenue from property registrations in the last seven months of 2018 as against the corresponding period in 2017.