People who change after change will survive, people who change with the change, will succeed. People who cause the change, will lead!
Demonetisation is the word with heavy effect; a move of PM Narendra Modi to which most the Indians have agreed! It is the term which has banned Rs 500 and Rs 1,000 notes. Each person within the country is affected by it and are all theorizing how the economy will get tormented by it. Indian financial system is specific — most businesses here run on cash, no matter their scale. even as the consequences on many industries is anticipated to be a short time period, the Indian real estate property is one which goes to have long time consequence — each can be good and bad.
Technically, demonetisation is likely to have minimum effect on real estate pricing because the new property market which is driven by home loans usually has minimal cash component in its transactions. So, chances of prices coming down in the new property market as a result of demonetization are very low.
Moreover, Property prices have grown by way of simply 3 – 4% in maximum towns in the final four years – much lesser than the charge of inflation (6% +). So, if you are salaried or self-employed and looking to buy your first home then next 6 months is a wonderful opportunity to save big. Your bargaining power with the builder has just gone up a few notches.
If you do research then you will surely find Satyam developers, one of the top builders who have their projects at Navi Mumbai, Kharghar, and ulwe which consist of some amazing attractions and opportunities for you to buy your dream house by overcoming the effect of demonetisation. They have developed a place filled with a galore of amenities and facilities which would ease your life to a great extent.
So, doesn’t worry about the situation of demonetisation just invest in the best property you love, as it has very minimum effect on real estate pricing!