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Demand Pick-Up In Real Estate To Bolster 99Acres’ Growth, Says Info Edge
The demand slowdown in real estate sector is behind us, says Info Edge chief.
01 Jan 2018, 05:36 PM IST 
Traffic crosses an intersection in front of the Platina building, in the Bandra Kurla Complex in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)
Online classifieds company involved in recruitment, matrimony, real estate and education, Info Edge India Ltd. said that real estate sector is finally “out of the dumps”.
Implementation of the Real Estate Regulatory Act has been instrumental in putting demand back on track after it was adversely affected by demonetisation, said Hitesh Oberoi, managing director of Info Edge. This will be a key positive for growth in the company’s real estate portal 99 acres.com, he added.
