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Is there any change in pricing of homes over demonetization? - Property hotline
Posted
November 16, 2016
Views
129
November 16, 2016
129
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4:49Now PlayingExpert: Ashutosh Limaye, Head, Research & REIS at JLL India
Question: Since Rs 500 and Rs 1000 have been banned, what can be the impact on property dealing? If I buy a home Ahmedabad, do I only have to pay based on registered amount? Is there any change in the pricing of the homes? Are they reducing? Should I deal now or wait for a few months?
Answer: As a market practice, if the total market is indulging or expecting in some cash component, and you need a property for your general use, sometimes it’s a compulsion. With demonetization, you have a chance to hold your ground not to pay cash. There are enough developers who are ready to take white cash payments in realty via cheques. It is advisable to reach out to those developers who are willing to take white payments.
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