Housing sales are expected to rise in 2019, as the realty market is on a recovery path after absorbing the impact of policy reforms like RERA, GST and note ban, according to CBRE. It said 200 million sq ft of space will be added in 2019 across all segments including housing, office, retail and logistics. The real estate stock in India will reach 3.7 trillion sq ft at the end of this year, the CBRE said in a report ‘Real Estate Market Outlook 2019 – India’. Post the policy reforms of 2017, such as demonetization, Real Estate Regulatory Authority (RERA) and Goods & Services Tax (GST), the residential market is absorbing the impact of these changes and is on the path to recovery as per reports. This led to a growth of about 15 per cent year-on-year in new supply and 13 per cent year-on-year in sales. The residential market is better placed this year as speculation-led investment activity has reduced significantly and financial checks are in place to prevent over-gearing. On outlook for housing sector, the report said the supply-demand scenario is expected to improve and unsold inventory levels are likely to decline further. Affordable housing will drive supply and demand, backed by several government reforms.