The win for Narendra Modi to a second term as India’s Prime Minister should lend maximum credence to the country’s real estate sector … and in a manner most exceptional. The government’s first term was at times contentious, brought on by financial realignments like the demonetisation drive, the passage of Rera (Real Estate Regulation and Development Act) and GST (the Goods and Service Tax), which hit the cash-dependent sector particularly hard.

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