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Looking back, looking forward

DNMUM400526 | 11/11/2017 | Author : Sheetal Shelar Patil | WC :1112

Realty sector representatives share with Sheetal Shelar Patil their views on the market scenario a year post demonetization
DNA Property
The November 8, 2016 announcement made by Prime Minister Narendra Modi, demonetising 86% of the country’s old currency overnight, widely impacted the economy and the real estate sector was no exception. The effect of demonetization in the real estate sector can still be felt, but surprisingly the sector has shown resilience. Demand has started slowly picking up in the Western and Southern markets.

Revival mode
Discussing the impact of demonetisation, NAREDCO expressed optimism with regards to the sector’s future. Dr. Niranjan Hiranandani, President, NAREDCO, says, “The past one year has been an eventful year and the real estate sector has experienced a roller coaster ride. There were ups and downs but fortunately th
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