Three months Congress govt formed, Acche din yet come real estate sector. The hopes of real estate agents, investors and colonizers were dashed as recession continues to glue with real estate sector even after the three months of formation of Congress government. The Congress government has promised for boom in real estate sector but all the promises fall flat.During the election campaign the Chief Minister Captain Amarinder Singh and Congress government has assured the colonizers, real estate agents and investors that the policy for regularization of colonies would be simplified and mega projects will be launched which will benefit Real estate sector.The Congress party has promised Moon for the sector citing that in the tenure of Captain Amarinder Singh from 2002 to 2007 the prices of land were increasing and the real estate sector was developing. However in the term of SAD- BJP government from 2007 to 2017, the real estate sector has seen its worst time and the prices of land and other properties have fallen down.The experts of real estate sector also believed that real estate sector will get boom after the formation of congress government but the bad times continues for real estate sector. According to experts the builders have constructed flats in Ludhiana and other metro cities but no takers were found for the flats. Moreover the investors have also purchased properties with the hope of hike in property prices but all the hopes were dashed. Moreover no policy for the regulation of colonies was formulated by government which is also one of the reasons of recession in sector.
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