There has been unwarranted fear mongering in the country post the announcement of demonetization. However, if we take a long term view on issues, demonetization will help bring a positive change in the real estate sector. While the industry will stand to gain from the shift towards a more transparent and organized environment, there are plenty of reasons for the home buyer to rejoice. This move has placed the consumer in a remarkable position with various factors working in his favour.
reasons why property seekers should invest in a property today:
has increased the flow of money into banks from the unorganized and
the small scale industrial sector by compelling these sectors to
deposit their savings in banks. It has opened a window of opportunity
for everyone to avail home loans at significantly lower rates
allowing them to fulfill their dream of owning a home.
deflationary effect on the economy due to better liquidity will lead
to price stabilization making it a buyer’s market. The Reserve
Bank of India will also have ample leg room to bring down the
repo rates. Liquidity with the banks will help them translate
the repo rate into lower borrowings for home loans. The rupee is
also expected to strengthen in the consecutive months thereby
increasing the purchasing power of consumers.
Restoring the stalled projects
that were being delayed because of cash crunch, will now pick up
speed. The cash flow with banks will also mean that industry can
avail loans from banks at better lending rates than what was being
offered in the past. This will be a major relief to consumers.
Investment in infrastructural development
will increase the percentage of money being accounted for and will
therefore result in a rise in the collection of taxes. The government
will have more resources at their exposure to invest in
infrastructural development of the country. Providing connectivity to
the consumers who have invested in affordable housing projects in
town peripheries will gain from the development.
Transparent home buying process
has ushered in a shift to cashless economy. Card transactions are not
only beneficial for customers in terms of ease of use and time saving
but are also transparent in nature.
demonetization has made us all cautious of our spending, it is
important that home buyers make the most of this opportunity. Home
buyers looking to invest in homes financed by loans should be rest
assured that this is the perfect time with all the above reasons
placing them at an advantage.
is Chief Strategy Officer at Digital
Marketing agency in Noida,
India with core focus on Real Estate Industry.