Government Banned Decision not effected on Real Estate Market

Addressofchoice 17 November 2016

For the government decision banned Rs 500 and Rs 1000 there is not effected on real estate market. Getamber Ananda, president of CREDAI-National, said: Effectively the primary market will not be very disturbed as the inventory was sold to end users who avail home loans. Anuj Puri chairman and country head of Indian arm of real estate said that the banning of higher currency note is a big move will help the curb of uncounted cash. The dealing of Black Money is a common especially in unorganized market. But for this action it has been decreasing due to greater awareness of buyers. The result is immediate and mix up with the sector in no undefined way. The growth of IT in real estate market demand is increase through smart technological solution.

The real estate market has been segmented into on premises and cloud. The development of cloud type segment of this market is expected to grow the highest CAGR from 2016 to 2021. Mainly attribute is that the development of cloud based solutions help real estate companies to reduce costs and create a flexible working environment.