Due to currency ban, Housing prices unlikely to come down

There is no correction in housing prices in the primary market, demonetisation as rates are already at the lowest level. The Primary market is supported by banks and financial associations which are all regular entities. Such as cash factor is not a basic element of the essential market. Consequently, Credai denies opposing effect on the primary real estate sector arising out of demonetisation.

Government decided to abolish black money and corruption is in the interest of the common man as well as business and industry.

Home loan rates are coming down from the present interest rate of 9.25 percent to less than 7 percent in less than one year from now. This would bring down the EMI for a ultimate consumer.

In other words, the demonetisation would put more money into the pocket of home buyers through lower taxation rate and incentives for home possession.

November 28, 2016 / by / in , , , , , , ,