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Will demonetisation affect my property investment? - Property Hotline
Posted
January 2, 2017
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64
January 2, 2017
64
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2:58Now PlayingExpert: Ashutosh Limaye, National Director – Research / JLL India
Q: Just a few days before demonetisation, I booked a 1-BHK flat in project (JP North) by JP Infra Developer in Mira Road for my personal use. I booked it for Rs 6250 per square feet. Total flat cost is Rs 56 lakh. The booking amount paid is Rs 1 lakh and possession is December 2018. But post note ban I’m a bit reluctant and have not taken a final call on registration process. Please suggest.
A: Registering a deal is always advisable as it establishes your legitimate ownership. In Mumbai, in the primary market, I would advise that you do not invest in anticipation that there would be price correction on account of demonetisation. I would suggest that please carry on with the transaction.
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