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Luxury realty market takes hit post demonetisation - The News
Posted
February 27, 2017
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175
February 27, 2017
175
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2:40Now PlayingRealty major Sotheby’s International organised a global Luxury realty conclave in New Delhi debating and discussing the future of the Global Luxury real estate market.
Discussing the impact of demonetisation on the luxury vertical, Dinesh Arora, Partner, PWC India, said that according to the feedback received from builders, there has been a temporary hit in the market. “But overall if you look at it, this is going to be a market which has a very small base, so it will continue to grow at 20-25% as it has been growing in the past few years. Over a 5-year horizon it has very good scope,” he said.
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