Saturday, December 3, 2016

B'luru Real Estate is least affected by #demonetisation as its end-user (salaried class) pay via banking channels

The demonetisation move augurs well for genuine home buyers. Real Estate prices are likely to fall in the short-term.

Disagrees Confederation of Real Estate Developers' Association of India Chairman Irfan Razack.Razack, who also heads Prestige Estates said  that housing prices have remained depressed in the last few years and have not kept up with inflation. "The only direction for prices could go is to head north because there will be a constraint in supply due to fewer launches."

Developers have gone slow on launches in the last few years as sales remain sluggish, inventory piles up, debt levels have gone up and consumer sentiment also remains low.