[INDIA REAL ESTATE NEWS] Good morning, everyone.|
I’m Hyaemin Park staff of Kamagroup. Here I have important INDIA REAL ESTATE news
to share with you which is as mentioned under.
Indians' favourite investment avenues are gold and real estate. Yes, financial assets are
slowly but surely finding favour with the average Indian, but these physical assets still
are the go-to avenues. Another thing that Indians are still not letting go of is the use
of cash while transacting, especially when it comes to real estate.
According to ANAROCK Property Consultants even three years after demonetisation,
up to 30 percent of the total transaction value on the secondary (resale) residential
market across India can still be paid in cash.
Cash in the resale market
"Demonetisation in November 2016 sent Indian residential real estate - till then
a preferred laundromat for unaccounted wealth - into an almost terminal tailspin," says
Anuj Puri, Chairman - ANAROCK Property Consultants. "Even three years after DeMo,
the battle is only half-won. The secondary or resale residential real estate market still
Read more at: https://economictimes.indiatimes.com/wealth/real-estate/nbcc-to-deliver-flats-in-two-amrapali-projects-in-january/articleshow/72236038.cms
Have a nice day.