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propertyhub November 23,2016 EffectofDemonetizationonReal EstateDevelopment The banned currency of Rs. 500 and Rs. 1000 has created the controversy in everyone’s mind. Few days there has been an announcement from the prime minister who said that currency of 500 and 1000 should be banned permanently and individuals can exchange the money with new currency and old currency shall be deposited into the banks. Through this newpolicy, pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI
the government may remove the black money from the economy and cut downthepropertyrateswhichwillhelptocreatemoreaffordablehousing projects forbuyers. pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI
Let us discuss point which effects on the real estatemarket: Through demonetization, the interest rate of the banking system will be cut down on both deposits andloans. With low-interest rate real estate industry get a massive boost for everyone and that will attract toproperty If the interest rate is low then everyone will invest in properties. Not only the buyers but investors and businessmen or professionals will also leave no stone untouched when it comes to the real estatesector. If the price is still the same then buying home or apartment is easy due to lower EMI on loans as it lower interestrates. If the interest rate on FB is 5-6% interest on Home Loans shallcome down to7-8% pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI
Investors or buyers show their keen interest in investing in properties rather than earning a 5-6% on the bank deposits. It is as simple asbuying and renting offers more return oninvestments. People who came from the unorganized/ small sector are earning so well and it can be clearly seen that they are also depositing their money into banks which mean that they are also eligible to buy property and can fulfill their dream of buying ahome. Better connectivity to State/ National Highway, up gradation in transportation and developing an airport in town will lead to increase in the price and demand of properties in thecity. If this would happen then the demand for affordable housing scheme is increase and other Affordable Housing Scheme will launch their projects in the realtymarket. Recently, HUDA has launched Affordable Housing Schemes in Gurgaon which provides the affordable flats to buyers which consist of 1 & 2 BHK flats. pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI
The affordable housing properties would definitely affect the real estate market on a positive note and soon the rest of the market would also gain the much neededmomentum. About theseads pdfcrowd.com Are you a developer? Try out the HTML to PDFAPI
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