The aim of this literature review is to sufficiently position the study within the realm of existing publications as it relates specifically to the subject while foreshadowing the determined research approach. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay The implementation of the three major factors RERA, GST and demonetization in the Indian real estate sector has created many problems in the short term and our economy is still struggling. accustomed to this. However, all this will definitely make the sector more transparent and boost investor confidence in India. However, the tumultuous events of the last 14 months which have seen the government aggressively promote a culture of transparency through measures such as demonetisation, the Goods and Services Tax (GST) and the Real Estate Act, 2017 (Regulation and Development) (RERA) have irrevocably changed the course of the industry. Vast levels of unsold inventory that peaked in 2014 at 7.2 lakh units have forced developers to reduce supplies in a bid to ease this inventory burden. This course of action has been reasonably successful, even in the face of sluggish demand, as unsold inventory levels have fallen 24% since the second half of 2015. The real estate sector is struggling with liquidity issues and accumulating debt. The total outstanding debt of listed real estate developers in India increased from INR 25,000 crore in FY 2007 to over INR 83,000 crore in FY 2017. With the highest percentage decline in supply volumes in this decade, 2017 proved to be an influential year for the sector. Indian residential real estate market. Annual supply levels in the residential market are now only a quarter of those in 2015. While slowing growth in residential supply has gradually worsened, growth in demand has remained relatively subdued. Mumbai and Pune notably recorded marginal growth in sales, which can be attributed to price declines of 5% and 7% year-on-year respectively in 2017. Hit by demonetization, residential sales fell by 41% between October and December 2017 in eight major cities. compared to the same period the previous year, while launches fell even more sharply by 61% (Knight Frank, December 2017). Although there is a significant housing shortage in urban areas, India's eight largest cities are estimated to have around 6.5 lakh unsold units. At the current rate of absorption, it may take more than five years to clear the housing stock in regions like Delhi-NCR and Mumbai, which have the highest unsold inventories in the country. The sales department is largely influenced by financial companies and agreements are made transparently. This is why it has limited impact on major cities, although some tier 2 and 3 cities have a business tactic where cash transactions remain a factor in primary sales. The impact on office rental and sales will be minimal, as the liquidity component does not play a significant role in such transactions. The Indian office space market has been plagued by a huge lack of viable office space over the past four years, while demand has remained relatively stable. This decline in office space development was halted in 2017 with supply growing by 7% in annual terms during the second half of 2017. However, overall transactions continue to exceedlargely supply, which caused vacancy levels to fall to 11.6% from 13.5% a year ago. .Regarding the impact of GST on the commercial office real estate market, with the past service tax for commercial leases at 15% and the current GST at 18%, the impact in terms of increasing taxes is minimal.Due to the unregulated nature of the Indian real estate sector, fundamental issues related to dispute resolution and delays in project delivery have worked in favor of supply-side stakeholders. Provisions such as mandatory disclosures by promoters have been targeted to bring in financial discipline, which will consequently generate investor interest. Previously, due to higher rates of statutory fees and taxes, including multiple taxes, the cost of construction inflated, making affordable housing projects financially unviable for private sector developers. After the implementation of RERA, a developer must now register his residential project. as well as commercial, with the Regulatory Authority before starting the process of marketing and selling these projects. In case a project is to be promoted in different phases, then each phase will be considered as a stand-alone project and the promoter will have to obtain registration for each of these phases. According to RERA (2016), developers are now required to tell buyers the carpet area of ​​the property in addition to information such as layout, agreements, contact details of architects and contractors. So, it shows the super built-up area based on the property size, contrary to government norms and hence, buyers can no longer be charged based on the super built-up area. Therefore, these changes will lead to an increase in the price of the carpet area. Additionally, developers can only start the sales process after getting approval, which will result in increased costs for developers. This will in turn lead to further consolidation in the property sector (FE Online, 2017). RERA has increased transparency, encouraged NBFCs and lenders to invest more due to the fact that a separate account has to be created to accommodate 70% of assets. total amount collected from allocators that will be used for costs incurred on the project. An effective discount of 11-12% should be expected in the form of freebies such as 24 months rent insurance, no floor increase charges, stamp duty waiver and other tax charges. Preferential location, gifts in addition to basic price reduction. The RERA policy primarily protects the interests of the property buyer. It is mandatory for developers to disclose the construction status on the Authority's website on a quarterly basis, which will improve transparency regarding the project's progress. Additionally, builders cannot change any aspect of the structure without prior approval from all buyers. The developer is required to deposit 70% of the project funds in a separate account which will be used only for the project concerned. One of the main reasons for project delays was the diversion of funds to other projects that will be handled efficiently. The Real Estate Appellate Tribunal (REAT) was established to establish an adjudication mechanism for speedy resolution of disputes and to hear appeals and orders of the Real Estate Regulatory Authority (RERA). The buyer can file a complaint with the Authority which will be resolved within 120 days through this mechanism. Research data shows (Economic Times) a strong.